Commercial Banks and Whole Loans, What’s the Deal? March 16, 2015 Brandon Ivey Bank demand for MBS has increased due to new accounting requirements and a decline in total residential loan production in recent years.Read More
Poised for a Revival: Wholesale-Broker Lending? March 16, 2015 Brandon Ivey United Wholesale's Mat Ishbia said 20 percent of purchase mortgages are originated by brokers.Read More
Nonbank Selling $1.34 Billion of GSE and Ginnie Mae MSRs March 16, 2015 Paul Muolo Texas is well represented in the bulk package being offered by Phoenix Capital.Read More
Short Takes: So, Who’s The Lucky Captive (REIT) Approved for FHLB Membership? / 23 Responses on the CSP / Fannie Headed Downtown / Comergence Gets New Assignment March 16, 2015 Carisa Chappell and Paul Muolo The captive insurer is owned by a REIT, a spokeswoman for the district bank said, but declined to name either. Read More
ABS Holdings by Depositories Fall to Lowest Level Since Mid-2012 March 13, 2015 John Bancroft The biggest component in the aggregate portfolio was consumer ABS, which includes student loans, securitized leases and consumer debt other than credit cards, home-equity loans and auto finance...Read More
The Ocwen Tally on Servicing Breaches: 482; But Unless the Trustee Acts… March 13, 2015 Brandon Ivey Over the past few years, 482 of Ocwen’s deals have experienced breaches, but the trustee generally did not seek termination of the servicing contract.Read More
$198 Billion of Agency MBS Issued in 2014 Had DTIs North of 43 Percent. The Patch? March 13, 2015 John Bancroft The catch was that the so-called GSE "patch" would only last as long as Fannie and Freddie remained in conservatorship...Read More
Pricing on ‘Flow’ Servicing Softens, But for How Long? March 13, 2015 Paul Muolo Sources contend that Nationstar Mortgage has ceased bidding on flow deals, preferring to shop for bargains in the conventional bulk market.Read More
What We’re Hearing: Why Lenders are Suspicious of Realtors / So, What’s Wrong with a Gratuity? / The State Audited My Company and All I Got Was This Lousy Bill for Hotel and Transportation / A ‘Good’ LO Works at Least 50 Hours a Week March 13, 2015 Paul Muolo This mortgage manager estimates a “good” LO works 50 to 70 hours a week…Read More
Realtors Recommend Specific Mortgage Providers for 55 Percent of Their Deals March 12, 2015 Brandon Ivey When Realtors recommend a lender, homebuyers use one of the anointed originators 68 percent of the time.Read More
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