Nonprime Lending Competition Could Heat up in 2018 December 12, 2017 Paul Muolo It appears that Angel Oak, Caliber and Citadel Servicing Corp. might have more company in the nonprime arena come next year…Read More
Jumbo Delinquency Rate Increased in 3Q17, but in Line with Overall Market December 12, 2017 Brandon Ivey Late-payment rates rose due to a number of factors…Read More
Short Takes: Casey (Crawford) Sacked by Mortgage Regulators in California / The California Wild Fires and Mortgages / MBA Hires Spencer Stuart for CEO Search / Dems File Amicus Brief in CFPB Case December 12, 2017 Paul Muolo and Thomas Ressler Moral of the story: If you're going to service loans in California, you better have a license...Read More
VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed December 11, 2017 George Brooks USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.Read More
Surprise: The Subprime Delinquency Rate Jumps in 3Q17 December 11, 2017 Brandon Ivey The dollar volume of outstanding subprime mortgages continues to decline…Read More
It’s that Time of the Year: Mortgage Layoffs December 11, 2017 Paul Muolo Still, large cutbacks have not been the norm, at least not yet…Read More
The Industry Shows Concern (Once Again) about GSE Technology and Potential Abuses December 11, 2017 Carisa Chappell MBA: Fannie and Freddie should only undertake those activities that support secondary market liquidity…Read More
Phoenix Capital Auctioning Off Bulk MSR Package December 11, 2017 Paul Muolo The seller of the MSR package is looking for a final sale date of Jan. 31…Read More
Short Takes: And Now for a Word About Bitcoin / Can Trump Clear the Air? / Consultant Wonders about Endorsements / MIAC Selling NPLs, RPLs / Farmer Mac CEO Fired with No Severance December 11, 2017 Paul Muolo One of these days an answer will arrive, but until a mortgage company is sold for Bitcoins, we’ll stay on the sidelines…Read More
Agency MBS Issuance Up Slightly in November. Another Big Month for Freddie December 8, 2017 John Bancroft It was Freddie Mac’s second-largest month of the year...Read More
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