Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel January 15, 2019 Paul Muolo and Dennis Hollier We understand a bit of a price war may be brewing in the non-QM market... Read More
Retail Channel Continues to Lose Market Share as Correspondent Surges January 14, 2019 John Bancroft Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...Read More
Hedging Losses Likely for Fannie and Freddie in 4Q18? January 14, 2019 Paul Muolo The more exaggerated the rate moves, the greater the gain or loss.Read More
Redwood Set to End Lull in Prime Non-Agency MBS January 14, 2019 Brandon Ivey The Redwood transaction is set to close Jan. 17…Read More
Citigroup Sees Retail Residential Production Drop by Almost 15 Percent January 14, 2019 Paul Muolo Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...Read More
Short Takes: Shutdown Having Minimal Impact on Mortgages? / Housing Market Slowing / AMC Acquires Meridian Asset Services / Broker Startup Launches January 14, 2019 Brandon Ivey The IRS resumed providing income verification services a week ago and the agency expected to catch up on volume...Read More
CFPB Report Raises Questions about Non-QMs, DTIs, Servicing and More January 11, 2019 Brandon Ivey and Yemeng Yang The CFPB determined the ATR rule has reduced lending to some extent to borrowers with high debt-to-income ratios…Read More
Non-Agency MBS Issuance Faded in Fourth Quarter January 11, 2019 John Bancroft The ECM sector was one of the few that recorded MBS production gains during the fourth quarter…Read More
Lenders Not Liable for a Servicer’s RESPA Violation January 11, 2019 Brandon Ivey Under RESPA, servicers are generally required to consider borrowers for loss mitigation if the servicer receives a loss mitigation application at least 37 days before a scheduled foreclosure sale.Read More
What Michael Bright’s Resignation Might Mean for GSE Reform January 11, 2019 Paul Muolo The odds of GSE “recap and release” becoming a reality just went down…Read More
RSS