GOP Tax Bill Won’t Change Current Capital Gains Treatment on the Sale of a Principal Residence December 18, 2017 Brandon Ivey The housing industry had warned that extending the requirement would “lock” younger borrowers into their first homes for longer periods of time…Read More
MountainView Selling Bulk MSRs, but Seller Prefers to be the Subservicer December 18, 2017 Paul Muolo The MSR package is dominated by California product…Read More
Fannie and Freddie Ramp Up ‘Duty to Serve’ Programs; Renovation Mortgage Products to Come December 18, 2017 Paul Muolo The statute requires the GSEs to serve three specific underserved markets: manufactured housing, affordable housing preservation, and rural housing by increasing secondary market liquidity...Read More
Ginnie’s Effort to Rein In Rapid Refis on VA Loans: More to Come, for Sure December 18, 2017 George Brooks Ginnie’s Dec. 7 memo to issuers outlines the new pooling changes, along with additional measures…Read More
Short Takes: What’s Up with Walter? / loanDepot and Going Public? / Capping the MID at $750K / Victor Ciardelli, Still in Charge at Guaranteed Rate / PrimeLending Promotes Thompson December 18, 2017 Brandon Ivey and Paul Muolo Eventually, loanDepot's investors will want to cash out...Read More
After Years of Unrated MBS Deals, Great Ajax Breaks the Mold December 15, 2017 Brandon Ivey Great Ajax is a real estate investment trust that formed in 2014 and went public in early 2015.Read More
Continued Growth for Agency MBS in 3Q17 December 15, 2017 John Bancroft The fastest-growing segment is the Ginnie Mae market…Read More
Did the GSEs Play a Role in Slowing Non-Agency SFR Deals? December 15, 2017 Brandon Ivey Moody’s said GSE participation will continue to erode the sector’s reliance on commercial MBS as a source of financing…Read More
Impac Hires loanDepot Executive Furey to Head Retail Direct December 15, 2017 Paul Muolo Of late, Impac’s share price has been trading at $11.00 a unit, just a tick above its 52-week low.Read More
What We’re Hearing: Bitcoin Comes to the Rescue of Homebuyers / Not There Yet / Would the White House Dare Fire Mel Watt? / Probably Not? / Shrinking the GSE Role / Judging the Profitability of MBS Guarantees December 15, 2017 Paul Muolo Of course, the Trump administration has a history of shooting first and asking questions later…Read More