Ellington Will Convert to a REIT, Focusing on Credit Investments and Agency MBS November 12, 2018 Brandon Ivey Ellington CEO Laurence Penn: “Becoming a REIT would bring with it big benefits, such as lower effective tax rates..." Read More
September Proves to be a Turning Point for Mortgage Employment, and Not in a Good Way November 12, 2018 Paul Muolo One loan broker said business has been so slow that it’s like, “going into a hockey rink overnight: Dead quiet.”Read More
Short Takes: Still Hiring, UWM / Strong Growth for the Nation’s Largest Wholesaler / The Moelis GSE Plan: the Good and the Bad / Promotions at Nations Lending November 12, 2018 Paul Muolo United Wholesale Mortgage continues to hire...Read More
Agency Single-Family MBS Production Softened in October as Purchase Market Deflated November 9, 2018 John Bancroft Fannie, Freddie and Ginnie issued a combined $98.03 billion of single-family MBS last month, a 5.1 percent drop from September…Read More
Single-Security Transition is on Schedule, but Some Investors May Prefer One GSE Over the Other November 9, 2018 John Bancroft The grand concept behind the single security is that MBS issued by Fannie and Freddie will be fully fungible and interchangeable.Read More
14 Nonbanks Received the Ginnie ‘Liquidity’ Letter. A Concern Regarding ‘Cash-out’ Moves by Owners? November 9, 2018 Paul Muolo The implication is that declining originations, plummeting refinancing volume and razor-tight profit margins are causing consternation at Ginnie…Read More
CFPB and FHFA Release First Loan-Level Dataset for Public Use November 9, 2018 Yemeng Yang The CFPB and FHFA have been compiling the survey data but have never released the results.Read More
What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape the Fannie and Freddie / Timing? / Selling Servicing Rights to Unleash Revenue / Ocwen’s Head Count November 9, 2018 Paul Muolo The first move expected is a possible lowering of GSE loan limits... Read More
HUD Working on MOU to Clarify Use of False Claims Act November 8, 2018 George Brooks FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...Read More
Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend November 8, 2018 John Bancroft A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…Read More
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