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Fannie Addresses Risk Layering in High DTI Loans

April 16, 2018
Carisa Chappell
Back in July 2017, Fannie revised its automated underwriting system to accept loans with DTI ratios over 45 percent without lenders having to show other compensating factors…
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A Steep 1Q18 Decline in Residential Production for BofA

April 16, 2018
Paul Muolo
BofA also produced $3.75 billion of home equity loans in the first quarter...
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Pershing Square Doubles Down on its GSE Bets

April 16, 2018
Paul Muolo
In the 2017 annual report, Pershing Square lists Fannie and Freddie common among its “losers…”
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Early 2018 Brings More Volatility to GSE Single-Family Rivalry

April 16, 2018
John Bancroft
In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”
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Stearns Holdings Wants to Retire $80 Million Worth of High-Yielding Paper

April 16, 2018
Paul Muolo
Finance of America’s new president is industry veteran Bill Dallas.
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Short Takes: Watt Looks Back / Will Trump Shock the Mortgage Industry and Give Him Another Term? / LenderLive Buys Vendor, More Deals in the Works? / A New Director for Freddie Mac

April 16, 2018
Paul Muolo
Watt’s term expires in early 2019. President Trump is not expected to nominate him to another term. Then again...
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Due Diligence Giant AMC is Sold As Non-Prime Securitization Heats Up

April 13, 2018
Stone Point Capital, which seems to have an insatiable appetite for mortgage-related assets, has added due diligence provider American Mortgage Consultants to its growing stable of companies.
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Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise

April 13, 2018
John Bancroft
During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…
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Chicago Bank Pulls the Plug on National Residential Lending, Will Take a $37 Million Hit (At Least)

April 13, 2018
Paul Muolo
MB Financial plans to keep originating home loans in the greater Chicago area and will keep its mortgage servicing platform intact.
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JPM’s Origination Machine Tanked in 1Q18

April 13, 2018
Paul Muolo
Despite the drop, JPM marked up the asset value of its mortgage servicing portfolio...
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Latest Imf News

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Featured Data

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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