What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs i January 11, 2019 Paul Muolo We’re just 11 days into the new year and already things are getting interesting in the mortgage industry... Read More
Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS January 10, 2019 John Bancroft Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…Read More
New Residential Looks to be a Frequent Issuer of Non-QM MBS, Preps Latest Issuance January 10, 2019 Brandon Ivey New Residential also will buy non-QMs from lenders other than New Penn... Read More
Acting Ginnie Mae President Michael Bright Bolts Agency for SFIG January 10, 2019 Paul Muolo Bright will earn significantly more working for SFIG than at Ginnie, easily doubling his salary and then some...Read More
As Business Slows, Lenders Cut Branches, Channels; Movement Gets Eagle Franchise January 10, 2019 Paul Muolo Movement said the acquisition “significantly” expands its presence in the Pacific Northwest and Mountain West…Read More
Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package January 10, 2019 Paul Muolo With Michael Bright's departure, GSE "recap and release" just got hurt...Read More
Servicing Sales to Boom in Early 2019, IMBs Need Cash January 9, 2019 Paul Muolo “The only way to get through that is to sell assets – and for many of them that means mortgage servicing rights,” Steve Harris of MIAC told Inside Mortgage Finance.Read More
Signs of Life in the MH Market: AZ Servicer of Manufactured Housing Loans Receives Rating, MBS Issuance Likely January 9, 2019 Brandon Ivey Cascade services $1.3 billion of product…Read More
FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors January 9, 2019 Paul Muolo The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...Read More
Angel Oak Expects Sustained Non-QM Growth in 2019 January 9, 2019 Brandon Ivey The non-QM market is booming, said Angel Oak executive Tom Hutchens…Read More
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