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Senate Expected to Confirm Kraninger for CFPB Post as Market Tries to Anticipate Her Priorities

December 6, 2018
Even as the Senate is expected to confirm her as director of the Consumer Financial Protection Bureau either this week or early next week, Kathy Kraninger remains largely a mystery to many CFPB observers.
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CFPB Accuses Nevada Nonbank of Misleading Vets on IRRRLs in San Antonio

December 6, 2018
Paul Muolo
The government charges, the “apples to apples” comparisons on refis shown to prospective customers by Village Capital’s LOs were flawed and had “inaccurate” results.
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Short Takes: Stock Market Ugly / Bring on the Cash-out Refis? / GSE Stocks Can’t Catch a Break / Carrington Readies First Non-QM MBS / New Penn Unveils New Name: NewRez

December 6, 2018
Paul Muolo and Brandon Ivey
Carrington Mortgage is working on its first non-QM securitization...
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The Mortgage M&A Tsunami May be Late This Time Around

December 5, 2018
Paul Muolo
In past downturns, large lenders and servicers were either sold outright or they joined forces with like-sized companies…
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Cerberus Affiliate Packages Seasoned Second Liens in Non-Agency MBS, a First for Post-Crisis Issuance

December 5, 2018
Brandon Ivey
Towd Point Mortgage Trust 2018-SJ1 is the first post-crisis non-agency MBS backed by second liens to receive a credit rating.
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Jumbo Servicing Portfolios Largely Increasing

December 5, 2018
Brandon Ivey
Shellpoint Mortgage Servicing had the highest sequential growth rate among jumbo servicers…
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HFSC Hearing on GSE Bill Postponed. Time is Running out for Chairman Hensarling…

December 5, 2018
Paul Muolo
Some industry lobbyists believe the Senate Banking Committee hearing on GSE pilot programs will not be held this year at all.
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Short Takes: What’s in a Name? Answer: $300 Million / Come On, Mick! We Thought You Were Pro-Business! / $300 Million? At Least Software Firms Will Make Out / Home Flips Headed for a Fall? / Who’s Doing Your Underwriting? / Law Firm Overcharges Fannie and

December 5, 2018
Paul Muolo and Yemeng Yang
Mulvaney has a reputation of being pro-business. Is it possible he might turn the name-change ship around to save American companies $300 million?
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OCC Issues Warning About Nonbanks and Looser Underwriting

December 4, 2018
Brandon Ivey
OCC examiners noted greater use of asset dissipation underwriting, a practice used to qualify borrowers using a “hypothetical income stream from their asset liquidation rather than debt-to-income ratios.”
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Warehouse Commitments Shrink as Nonbanks Struggle with Originations

December 4, 2018
Paul Muolo
Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.
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Latest Imf News

  • GSE MBS Issuance Up in August Despite Declines at Rocket, UWM

  • FHA Eyes GSE Property Requirement Alignment

  • Income Drops 41% at KB Home in FY 3Q

  • Rocket Sends Home Equity Loans to TPG for Securitization

More Imf News

Featured Data

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More Featured Data

Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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