Surprise: Goldman Sachs Aggregating Jumbos and Conforming Loans for Non-Agency MBS March 22, 2019 Brandon Ivey Goldman hasn’t been active in the prime non-agency MBS market except for a one-off deal in 2014.Read More
CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney March 22, 2019 Yemeng Yang The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.Read More
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
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