A Rosy Picture: Strong Performance for Non-QMs in MBS February 13, 2018 Brandon Ivey The average credit score on loans in expanded-credit MBS issued in 2016 and 2017 was 704.9, according to a new analysis by Inside Nonconforming Markets.Read More
Mortgage Firms Looking to Sell Servicing Rights are Sitting Pretty February 13, 2018 Paul Muolo Dealmakers point to not only higher interest rates but lower anticipated loan production and MSR values that are firming up.Read More
Short Takes: The Trump Budget and the GSEs (Not So Good) / No More GSE Money for Affordable Housing / Treasury Wants to ‘Right Size’ Federal Housing Programs / Cuts in Store for the CFPB? / Arch Posts a Strong 4Q17 Profit February 13, 2018 Paul Muolo The Treasury Department's goal is to right-size federal housing programs...Read More
Origination of Non-Agency Jumbos Fell 18 Percent in 2017 February 12, 2018 Brandon Ivey Wells Fargo had a more diverse product mix than its nearest rivals…Read More
The Correspondent Share of the FHA Market: 48.6 Percent February 12, 2018 John Bancroft The correspondent share of the FHA market rose to 48.6 percent last year…Read More
Housing Advocates Worried about Sen. Corker’s GSE Reform Draft February 12, 2018 Carisa Chappell The Center for Responsible Lending and other groups said the Corker draft threatens access, affordability and market stability…Read More
Ocwen EVP of Lending Otto Kumbar Departs – and with a Nice Severance Package February 12, 2018 Paul Muolo Kumbar will be paid $1.25 million for leaving Ocwen, a package that also includes a relocation reimbursement…Read More
Radian Unveils Reorg On How it Sells MI and Other Products. Industry Vet David Kittle Comes on Board February 12, 2018 Paul Muolo Under the new sales approach, the RMs will head divisions that sell the entire suite of Radian products...Read More
Short Takes: RESPA (TRID) Changes May Become Law / Watching the 10-Year (Rise) / Can Mulvaney Wear Three Hats? / Naming a Permanent CFPB Director / A New Hire for Silver Hill February 12, 2018 Paul Muolo and Thomas Ressler Another day and another increase in rates...Read More
Trump Budget: DTA Hits Mean Treasury Draws for Fannie and Freddie. White House Wants to Cut Contributions to the Housing Trust Fund February 12, 2018 Paul Muolo Freddie Mac's Treasury draw is estimated at $400 million...Read More
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