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A Rosy Picture: Strong Performance for Non-QMs in MBS

February 13, 2018
Brandon Ivey
The average credit score on loans in expanded-credit MBS issued in 2016 and 2017 was 704.9, according to a new analysis by Inside Nonconforming Markets.
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Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH

February 13, 2018
Paul Muolo
Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.
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Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH

February 13, 2018
Paul Muolo
Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.
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Redwood Set to Issue One of its Largest Jumbo MBS Deals Ever (Post-Crisis Era)

February 13, 2018
Brandon Ivey
The GSE-eligible loans have an average unpaid principal balance of $549,259 while the non-agency mortgages have a UPB of $703,898…
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CFPB Issues Industry-Friendly Strategic Plan

February 13, 2018
Thomas Ressler
Acting CFPB Director Mick Mulvaney: “If there is one way to summarize the strategic changes occurring at the bureau, it is this: we have committed to fulfill the bureau’s statutory responsibilities, but go no further.”
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Trump Budget: DTA Hits Mean Treasury Draws for Fannie and Freddie. White House Wants to Cut Contributions to the Housing Trust Fund

February 12, 2018
Paul Muolo
Freddie Mac's Treasury draw is estimated at $400 million...
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Radian Unveils Reorg On How it Sells MI and Other Products. Industry Vet David Kittle Comes on Board

February 12, 2018
Paul Muolo
Under the new sales approach, the RMs will head divisions that sell the entire suite of Radian products...
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Short Takes: RESPA (TRID) Changes May Become Law / Watching the 10-Year (Rise) / Can Mulvaney Wear Three Hats? / Naming a Permanent CFPB Director / A New Hire for Silver Hill

February 12, 2018
Paul Muolo and Thomas Ressler
Another day and another increase in rates...
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Origination of Non-Agency Jumbos Fell 18 Percent in 2017

February 12, 2018
Brandon Ivey
Wells Fargo had a more diverse product mix than its nearest rivals…
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The Correspondent Share of the FHA Market: 48.6 Percent

February 12, 2018
John Bancroft
The correspondent share of the FHA market rose to 48.6 percent last year…
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