As Ginnie’s Book of Business Grows Even Larger, Agency Moves to Ensure Issuer Liquidity June 22, 2018 George Brooks The possibility of issuer failure is a continuing concern at Ginnie Mae…Read More
Securitization Rate Holds Steady in Early 2018, but GSEs Lost Market Share June 22, 2018 John Bancroft Mortgage lenders started diverting high-balance GSE-eligible loans into non-agency MBS last year…Read More
New York Judge Rules CFPB’s Structure Unconstitutional June 22, 2018 Yemeng Yang The new ruling raises the likelihood that the Supreme Court might take up the issue in the future.Read More
Jumbo Demand Steady After Tax Reform June 22, 2018 Brandon Ivey “We didn’t observe any meaningful change in purchase loan application trends compared to earlier years,” said Archana Pradhan of CoreLogic.Read More
What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech June 22, 2018 Paul Muolo One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”Read More
Conservatives Rallying Against the CFPB Nominee? June 21, 2018 Yemeng Yang Law professor J.W. Verret on Kathy Kraninger: “She doesn’t have experience with financial markets…”Read More
The Bank Retreat from the MSR Market Begins to Slow June 21, 2018 John Bancroft Also, credit unions and thrifts both increased their MSR holdings...Read More
JPM to Issue one of the Largest Post-Crisis Prime Non-Agency MBS Deals June 21, 2018 Brandon Ivey KBRA assigned preliminary AAA ratings to the MBS with credit enhancement of 6.00 percent on the senior tranche.Read More
And the MSR Deals Keep Coming. IMA Selling a $10B-Plus Bulk Package June 21, 2018 Paul Muolo At $10.3 billion, the package is believed to be one of the largest in the auction market right now.Read More
loanDepot Employees Discuss the Amazon Rumor. But is it True? CEO Calls it a ‘Good One’ June 21, 2018 Paul Muolo If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…Read More
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