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
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
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