Mortgage Brokers Face Uphill Challenge in Jumbo Market September 26, 2017 John Bancroft MUFG Union Bank was the top wholesale lender in the jumbo market by a wide margin.Read More
HUD IG Throws Nonbanks Overboard in New Audit, Blames Ginnie for Inadequate Supervision September 26, 2017 Paul Muolo Ginnie Mae took umbrage at the IG’s findings, saying it was aware of the market share shift to nonbanks in 2012 and was already taking action…Read More
In Hurricane-Ravaged Areas, Ginnie Loosens Buyout Guidelines for Problem Loans September 26, 2017 Paul Muolo The new Ginnie Mae buyout authority expires March 31 of next year…Read More
Redwood Quickens Pace of Jumbo MBS Issuance; Deal Volume Doubles September 26, 2017 Brandon Ivey Kroll Bond Rating Agency assigned AAA ratings to the deal.Read More
Short Takes: Hurricane-Damaged MSR Deals? / FHA MF and Warehouse Lender Files to go Public / MBA Hires a Legend (Named Legend) / Nationstar Issues HECM Backed by ‘Inactive’ Collateral / Don’t Pass the Hat for Equifax’s Newly Departed CEO September 26, 2017 Brandon Ivey and Paul Muolo The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month. Read More
The Game Continues: CFPB’s Cordray Sounds Like a Politician to Some, but Others Doubt He Will Run September 25, 2017 Thomas Ressler To some, CFPB Director Richard Cordray does not sound like a candidate…Read More
As GSE ‘Zero Capital Day’ Approaches, Hurricane Damage Looms Large? September 25, 2017 Paul Muolo FHFA Director Mel Watt is concerned about zero capital, but has not yet given any public indication he will do something about it...Read More
GSE Seller Buybacks Edged Higher in 2Q17, but YOY… September 25, 2017 John Bancroft All of the uptick in seller buybacks came from Fannie, where repurchases surged 21.5 percent from the first to the second quarter.Read More
Angel Oak Projects $1.1 Billion in Non-QM Production This Year September 25, 2017 Paul Muolo Angel Oak expects that production by its wholesale arm will grow by 62.8 percent this year.Read More
Liquidity for ‘Structured Products’ the Best Ever? September 25, 2017 Brandon Ivey Some investors, such as Charles Schwab Bank, are having trouble finding bonds to buy…Read More