Mortgage Applications Creep Up Ever So Slightly December 9, 2015 Sherry Muolo Mortgage rates are still enticing at just over 4.0 percent with half a point for conforming loans...Read More
Agencies Provide Updates on Mortgage Regs; In February Look for FHFA Rule on Captives and FHLB Membership December 9, 2015 Thomas Ressler Look for new FHLB membership rules from the FHFA by February 2016...Read More
Government Victories in Financial Crisis Lawsuits Against Officials at State Street, Jefferies Overturned December 9, 2015 Brandon Ivey More evidence that the government has a hard time holding on to victories in subprime-related mortgage cases... Read More
Warehouse Lending Slows Somewhat; Banks Cut Pricing December 9, 2015 Paul Muolo “There is a ton of competition out there right now,” said one warehouse manager who works for a top-five firm. Read More
Origination Profits Tumble Almost 19 Percent in 3Q15 as Costs Rise December 8, 2015 Paul Muolo The trade group’s profitability calculation is based on average production volume of $614 million per company in the third quarter. Read More
Short Takes: Mid-sized Nonbank Open to Offers? / Purchase Lending Looking Up, Way Up / A Revision to the Purchase Number / Tighter Credit is Here / SFR Firm Hires COO December 8, 2015 Paul Muolo and Sherry Muolo Time to rejoice: purchase-lending could regularly top $1 trillion a year...Read More
Freddie Mac Unloads $1.1 Billion of NPLs to Three Bidders December 8, 2015 Carisa Chappell The average loan-to-value ratio of the NPLs is 91 percent, based on the broker price opinion. Read More
The ‘New’ Subprime Sector: Small Loan Volumes, Big Interest From Investors December 8, 2015 Paul Muolo PE firms and hedge funds are showing a strong interest in the emerging class of subprime residential lenders...Read More
Fannie/Freddie Business Fell Sharply in November, Footprint Shrinking December 8, 2015 John Bancroft It's that time of the season: MBS issuance was down 30.6 percent at Fannie and off 17.4 percent at Freddie.Read More
SF Credit Union Rolls Out No $ Down, $2 Million Jumbo Loan; No MI Too December 8, 2015 Brandon Ivey Sky high housing costs in the Bay Area prompts one lender to roll out a $2 million jumbo loan, no money down...Read More
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