EC MBS Issuance Rises in 2Q20 While Prime Agency-Eligible Deals Suffer July 13, 2020 Brandon Ivey Roughly $8.04 billion of non-agency MBS backed by new production was issued in the second quarter, down 39.0% from the first three months of the year. Read More
Velocity Financial Looks to Resume Lending After Selling Loans July 13, 2020 Brandon Ivey Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations. Read More
BlackRock Reduces Position in Troubled Ocwen July 12, 2020 Paul Muolo In a public filing this spring, Ocwen listed among its risks: “our ability to maintain positive relationships with our large shareholders…”Read More
Short Takes: SCOTUS and the Conservatorship / FHFA Extends Origination Flexibilities / Freddie Expands Board July 10, 2020 Dennis Hollier
Quicken: Buy Our Stock; We Sell to the GSEs July 10, 2020 Brandon Ivey The nation's largest home lender touts the quick sale of mortgages to Fannie and Freddie as a selling point for its IPO.Read More
SCOTUS to Hear Appeal of GSE Case July 10, 2020 Dennis Hollier High court to hear Fannie/Freddie shareholder lawsuit.Read More
Wells Snags Flagstar President to Head Home Lending July 10, 2020 Paul Muolo Rising star tapped to head nation's second largest home lender.Read More
Short Takes: A Good Week for Remote Online Notarization / MISMO Certifies First Two RON Products / FICO’s Resilience Index / CFPB’s New No. 2 July 9, 2020 Yemeng Yang Remote online notary services have gained momentum during the coronavirus pandemic. This week, DocuSign announced it has acquired Liveoak Technologies...Read More
Pandemic Prompted Seniors to Consider HECMs July 9, 2020 Maria Volkova The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage Read More
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