After 75 Years, the NAHB Tosses the Mortgage Interest Deduction Overboard October 4, 2017 Paul Muolo NAHB's Jerry Howard said a doubling of standard deductions – if it becomes law – could prove to be a powerful financial tool for home buyers.Read More
Short Takes: FHFA’s Watt Tells Panel He Can Go It Alone / A Deal (Eventually) with Treasury’s Mnuchin? / Sen. Warren to Wells CEO: You Should be Fired / Wells’ Rate-Lock Mess / A New Hire for Silver Hill October 4, 2017 Carisa Chappell and Paul Muolo A handful of GSE watchers we spoke to believe that in time Watt will work out a compromise with Treasury Secretary Steven Mnuchin on zero capital...Read More
A Coming Boom for Non-Agency MBS? New Deals are Oversubscribed October 4, 2017 Brandon Ivey Kroll Bond Rating Agency projects that about $11.0 billion of prime non-agency MBS will be issued this year…Read More
Lenders Defend Bank-Statement Mortgages October 3, 2017 Brandon Ivey “Today we can definitely say we know everything about that borrower,” said Steven Schwalb of Angel Oak…Read More
FHFA Director Mel Watt Once Again Sounds Warning on GSE Capital Buffer, Offers Hints on What He Might Do October 3, 2017 Paul Muolo FHFA Director Mel Watt: “In fact, it is especially irresponsible for the enterprises not to have such a limited buffer..." Read More
HomeStreet Scales Back Mortgage Operations, Cites Lack of Housing Supply on West Coast October 3, 2017 Brandon Ivey HomeStreet will reduce its mortgage banking staff by 60 full-time equivalent employees...Read More
IMA Launches Auction for $9.6 B Fannie/Freddie MSR Portfolio October 3, 2017 Paul Muolo The Fannie/Freddie MSR portfolio has no delinquencies whatsoever… Read More
IG Blasts FHFA for Escalating Costs in New Fannie Mae HQ October 3, 2017 Carisa Chappell Meanwhile, FHFA Director Mel Watt called the new IG audit “seriously flawed…”Read More
Short Takes: Some Criticism for the GSE Regulator / Security National Passes $3B Mark / Ellie Mae Completes Velocify Deal / Banks Will Pay Because of Equifax Mess / Executive Bolts Stearns for Sierra Pacific October 3, 2017 Paul Muolo and Thomas Ressler But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...Read More
Surprise (Or Maybe Not): ARM Originations Up Sharply in Second Quarter October 2, 2017 Brandon Ivey LoanDepot more than doubled its ARM originations in that span, and large increases were also seen at Wells Fargo, Bank of America Home Loans, First Republic Bank and MUFG…Read More
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