FHA Lenders Can Opt for Third-Party Verification March 22, 2019 George Brooks The new guidance applies to all FHA forward mortgages and HECMs…Read More
MBS Trading Falters Slightly but Strong Overall March 22, 2019 Paul Muolo One fact is certain: January and February were not good months for the production of Fannie Mae, Freddie Mac and Ginnie Mae securities. Read More
What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae March 22, 2019 Paul Muolo In the Senate, the 'Green New Deal' is more important than Mark Calabria?Read More
Agency Servicing Grows in 4Q18 but Banks Say No to the Party March 21, 2019 John Bancroft The only soft spot was in the servicing for non-agency mortgage-backed securities…Read More
The Non-QM Bright Spot Continues to Grow March 21, 2019 Brandon Ivey “In 2018, our lending units saw a distinct rise in the popularity and use of non-QM products as more creditworthy borrowers turned to these innovative options,” said Angel Oak’s Michael Fierman… Read More
JPM Pondering Non-QM Finance Opportunities? March 20, 2019 Paul Muolo “They’ve approached a few lenders,” he said, “and have some others to see.”Read More
Senate Banking Committee Unveils Lineup for Two Days of GSE Reform Hearings March 20, 2019 Dennis Hollier When it comes to GSE reform, it's never too early to call 12 witnesses...Read More
VA-Based Nonbank Scuttles Merger with Congressional Bank March 20, 2019 Paul Muolo Congressional has seven branches and $949.7 million in assets. It earns roughly $16 million a year.Read More
OCC Fines Citibank $25M for Fair Lending Violations March 20, 2019 Yemeng Yang According to the consent order, between 2011 and 2015, Citi had certain control weaknesses related to its “relationship loan pricing” program...Read More
Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board March 20, 2019 Paul Muolo and George Brooks Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...Read More
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