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California Nonbank Readies HELOC-backed Security Using Blockchain

October 7, 2019
Brandon Ivey

Cagney’s name should be familiar to mortgage professionals. He also founded fintech lender SoFi…


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Booming GSE Market More Fragmented in 3Q19

October 7, 2019
John Bancroft

Small and mid-sized mortgage bankers saw a 65.7% jump in GSE loan sales, pushing their share of the market 2.1 percentage points higher…


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Starwood Stocks MBS with Non-Agency Investment Properties

October 7, 2019
Brandon Ivey

All of the loans in the MBS were underwritten using debt-service coverage ratios.


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FHFA Seeks Contractor to Assist with Fannie/Freddie Recap and Release

October 4, 2019
Paul Muolo

The Federal Housing Finance Agency makes it clear that only firms with experience and knowledge in the arena of housing finance will be considered.


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Short Takes: The GSE Recap Train Leaves the Station. Next Stop? / Strategies for the Future? / Compliance Required / Bracing for Large MSR ‘Marks’ / Waiting on a Recession

October 4, 2019
Paul Muolo

Shouldn’t the managements of Fannie and Freddie start preparing for the day when they’re “free” from the shackles of regulatory bondage? Shouldn’t CEOs Hugh Frater (Fannie) and David Brickman (Freddie) be holding high level meetings with their lieutenants regarding strategies for the future?


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Fannie and Freddie Will Need Investors. Is Warren Buffett Waiting in the Wings?

October 4, 2019
Paul Muolo

Of course, mortgage historians know that Berkshire took a bite at the GSE apple a few decades back. In 2000, Berkshire was one of the largest shareholders in Freddie...


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Connecticut Call Center Lender, State in Licensing Dispute

October 4, 2019
Yemeng Yang

1st Alliance CEO John Dilorio disputed the interpretation, noting that unlicensed call center workers had no ability to choose a program, lock a mortgage rate, process underwriting findings or present loan terms to borrowers.


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A Thorny Issue Revived: Allowing Nonbanks in the FHLB System

October 4, 2019
Paul Muolo

In the Treasury blueprint, the Trump administration clearly states its position: “Congress should consider permitting additional classes of mortgage lenders to become FHLBank members.”


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RMF to Issue Non-Agency MBS Backed by Newly-Originated Reverse Mortgages

October 4, 2019
Brandon Ivey

The MBS from Reverse Mortgage Funding will be the first post-crisis deal backed by newly-originated proprietary reverse mortgages.


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Short Takes: Analyst Bove: The Net Worth Sweep Has Not Been Eliminated / Free Money? / Who’ll Stop the Rain? (GSE Shares) / Oklahoma, Where the Mortgages Come Sweeping Down the Plain

October 3, 2019
Paul Muolo

JMP Securities has a “market perform” rating on Impac Mortgage, the publicly traded nonbank that’s trying to carve out a space for itself in the non-QM sector but can’t resist the temptation of reaching for GSE refis...


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Latest Imf News

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Featured Data

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