Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction July 16, 2018 Paul Muolo, John Bancroft, and Brandon Ivey Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...Read More
High DTIs and Other Concerns at FHA Give Way to Weekly ‘Triage’ Meetings July 16, 2018 Paul Muolo Among FHA loans endorsed in April and May, only 41.9 percent were at or below the benchmark DTI test for qualified mortgages, which is 43.0 percent.Read More
A 23 Percent Increase in Home Lending for Bank of America July 16, 2018 Paul Muolo Bank of America no longer breaks out mortgage income separately.Read More
Non-Agency MBS (Backed by New Production) Hits Another Quarterly Record July 16, 2018 Brandon Ivey Prime jumbo mortgages continue to account for the majority of non-agency MBS issuance…Read More
Phoenix Announces GSE Flow MSR Auction July 16, 2018 Paul Muolo The average loan size could be as high as $227,000…Read More
Trades Urge Congress to Extend NFIP. NAR Fears Lost Home Sales… July 16, 2018 George Brooks NAR fears a major loss in home sales...Read More
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. Read More
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. Read More
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...Read More
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.Read More
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