As Lenders Await Word on Liquidity Aid for MBS Issuers, New Applications Continue to Fall March 25, 2020 Paul Muolo As one observer noted: The 30-day delinquencies won't be a problem. The industry has some time on that score...Read More
Freedom’s Debt Put on Negative Watch by Fitch March 24, 2020 Paul Muolo Back in September, Freedom’s financials looked strong. The lender/servicer is privately held...Read More
VA Securitization Volume Increased Sharply in 2019 March 24, 2020 Namrata Bhatia Roughly $220.8 billion of VA loans were delivered into Ginnie mortgage-backed securities last year... Read More
The Latest Shoes to Drop: Angel Oak Wholesale, Citadel Suspend Non-QM Lending March 24, 2020 Brandon Ivey Two of the top originators of non-QMs suspended lending operations on Monday, citing complications from the coronavirus.Read More
NYMT Mortgage-Investing REIT Says It Can’t Make Its Margin Calls. Other REITs Feeling the Heat as Well March 24, 2020 Paul Muolo Increasingly, margin calls are becoming an issue for mortgage REITs... Read More
FHFA Relaxes Appraisal and Employment Verification Requirements During Crisis March 23, 2020 Dennis Hollier FHFA’s move regarding appraisals was somewhat expected...Read More
FHFA and the Fed Try to Reassure MBS Markets; Fannie and Freddie to Provide Short-Term Financing March 23, 2020 Paul Muolo Bottom line: The Fed will keep buying agency MBS as long as it has to...Read More
Coronavirus Updates: Nation’s Largest Lender Wells Fargo Institutes Work-from-Home Policy; QMLS Clarifies Funding Policy March 22, 2020 Paul Muolo Meanwhile, mortgage wholesalers are starting to reassess their rate-lock policies for shelter-in-force states...Read More
As Coronavirus Worsens, Calls Mount to Let the GSEs Buy MBS / Hike the Conforming Loan Limit? / Mortgage Bankers: ‘Essential’ Workers March 21, 2020 Paul Muolo In a time of crisis should Fannie and Freddie be allowed to hold more MBS? Hike the GSE loan limit too?Read More
Who Owns More MBS Than Anyone Else? Answer: Commercial Banks March 20, 2020 John Bancroft At yearend, commercial banks owned more MBS than any other investor cohort at $1.793 trillion. The Fed was second, but that's going to change... Read More
RSS