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Phoenix Announces GSE Flow MSR Auction

July 16, 2018
Paul Muolo
The average loan size could be as high as $227,000…
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Trades Urge Congress to Extend NFIP. NAR Fears Lost Home Sales…

July 16, 2018
George Brooks
NAR fears a major loss in home sales...
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Mixed Trends for Residential MBS Issuance Halfway Through 2018

July 13, 2018
John Bancroft
Some $315.95 billion of single-family MBS was issued in the second quarter, up 8.2 percent from the previous quarter, according to Inside MBS & ABS.
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Wells’ Mortgage Originations Down in 2Q, Bank Set to Include Some Jumbos in Non-Agency MBS

July 13, 2018
Brandon Ivey
While originations increased on a quarterly basis, Wells reported lower mortgage banking income and a shrinking production margin.
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Mnuchin Hoping for Congress to Complete Bipartisan Housing Finance Reform in Next Term

July 13, 2018
Brandon Ivey
Congress should complete bipartisan housing finance reform during the two year term that begins in January, according to Treasury Secretary Steve Mnuchin...
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Latest Expanded-Prime MBS from Redwood Somewhat Smaller than Previous Deals

July 13, 2018
Brandon Ivey
Sequoia Mortgage Trust 2018-CH3 will be a $416.96 million issuance, according to a presale report by Kroll Bond Rating Agency.
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Short Takes: Administrative Reform of the GSEs / Opinion on Government Guarantee / VA Lenders Could Close Over ‘Orphan’ Mess / End of LIBOR a ‘Certainty’

July 13, 2018
Brandon Ivey
If Congress is unable to pass housing finance reform, Steven Mnuchin, secretary of the Treasury Department, said on Thursday that the Treasury will “look at administrative options.”
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GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In

July 12, 2018
John Bancroft
All of the growth in GSE volume came from the purchase-mortgage side of the business…
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Supreme Court Takes Case on Non-Judicial Foreclosures

July 12, 2018
Brandon Ivey
Some courts have determined that because non-judicial foreclosures don’t technically obligate borrowers “to pay money,” protections from the FDCPA aren’t available.
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NRL Mortgage Increasing Staff, Will Expand Into New Markets

July 12, 2018
Brandon Ivey
A retail lender, the Houston-based NRL has increased staff at a branch in Cincinnati by 25 percent this year…
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