Short Takes: Connecticut Mortgage Regs Reach a ‘Breaking Point’? / A Revenue Grab? / One Subservicer That Benefits From Too Much State Regulation / Ditech, a Very Thinly Traded Mortgage Stock / PenFed Hires JPM Executive September 20, 2018 Paul Muolo First Alliance issued a statement calling the license idea a “desperate revenue grabbing” practice.Read More
Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack September 20, 2018 John Bancroft The central bank could lose its kingpin status if commercial banks continue buying…Read More
A Surge in Jumbo Correspondent Acquisitions September 19, 2018 John Bancroft Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…Read More
Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor September 19, 2018 Brandon Ivey Three nonbank lenders, all owned by PE firms, are key contributors to the deal…Read More
CFPB Proposes Disclosure Sandbox September 19, 2018 Yemeng Yang The agency specifies that a two-year testing period would be the norm.Read More
Former Goldman Officials Launch Non-QM Wholesaler to Feed its Growing Aggregation Business September 19, 2018 Paul Muolo Steve Skolnik, an industry veteran with a long career in nonprime lending, was recently hired as CEO…Read More
MorVest Taking Bids on Freddie Mac Bulk MSR Portfolio September 19, 2018 Paul Muolo Dealmakers, including Mark Garland of MountainView Financial Solutions, expect a flurry of activity this fall.Read More
Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae September 19, 2018 Paul Muolo and Brandon Ivey On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.Read More
They’re Back: CFPB Advisory Boards (But with Fewer Members) September 18, 2018 Yemeng Yang Two new members of the consumer panel come from the fintech world: Sameh Elamawy, CEO of Scratch, and Manning Field, CEO of Acorns.Read More
Slightly Higher Warehouse Commitment Figures Mask Worries About Price Cutting, More… September 18, 2018 Paul Muolo One manager criticized number-two ranked warehouse provider Texas Capital for the discounts the bank is offering, calling it “the talk of the warehouse community.”Read More
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