Nonbank Market Share Sets New High in Agency Business January 21, 2020 John Bancroft Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase. Read More
It’s Official: The QM Patch Won’t Expire as Scheduled January 21, 2020 Dennis Hollier Industry observers believe that could translate into a delay of six to 18 months.Read More
HUD Criticized for Handling of Personal Records January 17, 2020 Brandon Ivey The HUD IG said it will provide a broader accounting of the issue when it publishes a formal report. Read More
Surprise: A Huge Spike in Housing Starts. However... January 17, 2020 Dennis Hollier MBA's Frantantoni suggested the suddenness of the spike in housing starts may indicate it’s temporary...Read More
FHFA Director Weighs In on Nonbank Risk January 17, 2020 Dennis Hollier Among those defending the nonbank sector is investment banking veteran and GSE blogger Chris Whalen who released commentary lambasting the FSOC…Read More
A Milestone: Non-Agency MBS Issuance Hits a Post-Crisis High in 2019 January 17, 2020 Fun Fact: The expanded-credit MBS sector posted a hefty 130.3% jump in new issuance during 2019… Read More
FHFA Seeks Comments on PACE Liens. A Change of Heart? January 16, 2020 Paul Muolo The request-for-comment announcement suggests the FHFA might be open to changing its position. Comments are due March 16.Read More
Megabanks Begin Reporting Mortgage Results. A $700B Quarter? January 16, 2020 Paul Muolo Last but not least: U.S. Bank, which funded $17.5 billion, a 10.8% improvement from the third quarter. Read More
Mortgage Insurers See Explosion in Refis, Purchase Business January 16, 2020 John Bancroft Private MIs insured $60.97 billion of refinance loans delivered to Fannie and Freddie in 2019, more than triple their total for the prior year. Read More
Angel Oak Stocks Expanded-Credit MBS with Fixed-Rate Mortgages January 16, 2020 Brandon Ivey Expanded-credit MBS with a small share of adjustable-rate mortgages are somewhat rare.Read More
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