Investors Unite: "We’re in trouble if the secret plan for GSE reform rests on axing the only public official who is actually tuned into reality…”

Redwood Trust announced this week that it purchased a stake in 5 Arches, an originator and asset manager of business-purpose residential mortgages. Redwood will continue aggregating jumbo and other non-agency mortgages, but officials at the real estate investment trust also see promise in loans for single-family rental properties and fix-and-flip financing.

The NAR is hoping that a cut in g-fees (and LLPAs) ultimately will be passed down to consumers – who buy homes from NAR’s members.

Roughly two years ago, Annaly bought Hatteras Financial, Winston-Salem, NC, in a deal valued at $1.5 billion.

Chimera CIO Mohit Marria: “The thirst for yield from the investor base remains strong.”

Compared to March 2017, the combined nonbank servicing business was up 14.7 percent, while banks in the top 50 saw a 2.4 percent decline from a year ago.

Come June, Fannie Mae will cut a new dividend check to Uncle Sam...

CFPB Acting Director Mick Mulvaney: “I don’t know why we call it the CFPB; that is not the name of the organization..."

Impac has yet to disclose when it might release first quarter results.

Due to temporary standards established by the CFPB, mortgages eligible for sale to the GSEs are treated as qualified mortgages even if they have higher debt-to-income ratios that would otherwise make them non-QMs…