Fed Loan Officer Survey: Jumbo Demand Dropping, Banks Will Loosen Underwriting Standards February 12, 2016 Brandon Ivey Trends in demand for non-QM jumbos were more clear-cut, with 25.4 percent of 59 banks reporting that demand was weaker…Read More
Falling Rates Make MSR Sales Problematic – for Now February 12, 2016 Paul Muolo Declining interest rates are making some bidders think long and hard about MSR pricing...Read More
What We’re Hearing: A 2.50 Percent FRM? / Hayman Out of PennyMac / Manny Friedman Losing the Love for PHH? / Sick of Hearing About Quicken’s ‘Rocket’ Mortgage? / CFPB Ready to Give Secondary Market Relief on TRID? February 12, 2016 Paul Muolo Meanwhile, EJF Capital, the private equity firm headed by Manny Friedman, has dumped a large chunk of its stake in PHH...Read More
In 4Q15, Jumbo Market Held Up Better Than GSE and FHA Lending February 11, 2016 John Bancroft Bernie Sanders' worst nightmare: not much of a slowdown in the rich taking out jumbo loans...Read More
Two GOP Congressmen Voice Concerns Over Declining GSE Capital February 11, 2016 Carisa Chappell The two GOP congressmen want the Treasury Department and FHFA to suggest steps they can take in the near term “to rectify the situation.” Read More
MountainView Selling $7.2B of MSRs, Prestwick Out with Large ‘Flow’ Deal February 11, 2016 Paul Muolo Rates are still falling, but MSR packages continue to hit the auction block...Read More
Freddie Sees Nothing But Roses for Multifamily February 11, 2016 Carisa Chappell Freddie officials estimate that industry wide, multifamily originations could top $250 billion this year...Read More
Nonbank Selling $10 Million of ‘Scratch & Dent’ TRID Loans February 11, 2016 Paul Muolo A trader who plays in the market confirmed the $10 million figures to IMFnews.Read More
Short Takes: Clayton Holdings Set to Name New Cap Markets Chief? / Blackstone Ready to Make a Major Hire? / Strong MI Growth for Arch / Morgan Settles Mortgage Charges with Uncle Sam / FGMC Picks TPO Chief February 11, 2016 Paul Muolo At year-end, Arch MI had $6.83 billion of risk-in-force...Read More
The Final Tally on Mortgage Income at Banks: 4Q Not-so-Good; Full Year Better February 10, 2016 John Bancroft Most of the decline came among the largest banks, with many regionals turning in stronger results in the fourth quarter…Read More
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