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Warehouse Commitments Top $64 Billion at June 30. Sector Remains Healthy but Concerns over Hurricanes and M&A

September 7, 2017
Warehouse providers of credit ended the second quarter of 2017 with $64.0 billion of commitments on their books, a modest 8.5 percent sequential gain, reflecting a strong – but not an overheated – origination market for nonbank originators. Compared to the same quarter a year ago, commitments increased 12.3 percent. According to interviews conducted by Inside Mortgage Finance this week, credit managers are...[Includes one data table]
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Short Takes: Wells Fargo and UWM Weigh In on Hurricane Irma / Non-Agency MBS Not Impacted by Harvey / Clayton Rolls out ‘Readiness Solution’ for Nonprime / A Promotion at LendingTree

September 7, 2017
Brandon Ivey and Paul Muolo
Meanwhile, United Wholesale Mortgage CEO Mat Ishbia said the nation’s largest wholesaler is not cancelling any closings because of Irma, at least not yet...
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CFPB’s Cordray to Give Ohio Speech on Date of Gubernatorial Debate. Meaning?

September 6, 2017
Thomas Ressler
Fun fact: Ocwen is one of the sponsors of the event where CFPB Director Richard Cordray will be speaking…
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Jumbo Servicing Continues to Increase for Most Firms; Performance Pristine

September 6, 2017
Brandon Ivey
Of the nation's top 10 jumbo servicers, just one is a nonbank: Ocwen Financial.
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First ‘Expanded Prime’ MBS from Redwood Shows Somewhat Looser Underwriting than Typical Super-Prime Jumbos

September 6, 2017
Brandon Ivey
Mortgages from 103 lenders will be included in the deal led by PrimeLending…
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Nine Years Ago, Fannie and Freddie Were Taken Over. Treasury is Now $82.3 Billion Richer

September 6, 2017
Paul Muolo
Investors Unite speaks for GSE shareholders – except senior preferred holders (the Treasury Department)…
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FHA Extends Interim Rules for Condo Project Approval

September 6, 2017
George Brooks
Spot-condo approvals would require property recertification every three years…
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Short Takes: Loan Closings Cancelled in Parts of FL as Hurricane Approaches / A Rarity: Podium Readies Jumbo MBS Backed by Reverses / Applications and Refis on the Rise / Freddie Exec Takes CIO Job with Subservicer Cenlar

September 6, 2017
Brandon Ivey, Paul Muolo, and Sherry Muolo
As another hurricane approaches the U.S. more loan closings are cancelled...
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Non-QM Performance Strong but There’s a Catch: Many Prepayments

September 5, 2017
Brandon Ivey
Investors in non-QM MBS have to worry about fast prepayment speeds, not credit problems...
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During Labor Day Speech, CFPB Director Corday Sounds a Little Like a Candidate

September 5, 2017
Thomas Ressler
Sounding like a candidate, the CFPB Director noted: “If we do not push back on the forces that press people down, we are allowing America’s promises to go unfulfilled.”
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Latest Imf News

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