Chairman of House Financial Services Subcommittee Pondering GSE Reform February 6, 2018 Paul Muolo and Carisa Chappell MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…Read More
Citadel Posts Record Originations in January. Angel Oak is Busier than Ever February 5, 2018 Paul Muolo Citadel is working on its first MBS deal…Read More
Fannie’s Re-entry into the LIHTC Market: $100 Million for Affordable Rentals February 5, 2018 Carisa Chappell The Raymond James Affordable Housing Fund is part of the GSEs’ effort to provide capital for affordable rental housing and underserved markets. Read More
Short Takes: Ginnie is Good, but is it That Good? / Brunts Bolts Freddie for USB / Moody’s Downgrades New Rez, Citing Reliance on Subs / The Wild Ride of the 10-Year Treasury / New Mortgage Chief at SunTrust February 5, 2018 Paul Muolo On Friday, Moody’s downgraded the issuer rating of New Residential Investment Corporation...Read More
GSE Single-Family Business Off to a Weak Start in January February 5, 2018 John Bancroft It was the GSEs’ weakest monthly output since May 2017…Read More
Lender Alert: VA Issues Disclosure Guidance on IRRRLs February 5, 2018 George Brooks Lenders are required to provide early disclosures “no later than the third business day after receiving the veteran’s loan application.”Read More
Redwood Brings Largest Expanded-Prime Jumbo MBS to Date February 5, 2018 Brandon Ivey The MBS will include credit enhancement of 10.0 percent on the senior tranche, similar to other expanded-prime MBS from Redwood.Read More
Ginnie Issues Warning to Servicers, Some Could be Terminated for High Delinquencies February 2, 2018 John Bancroft New agency guidance makes clear that issuers are expected to make an ongoing investment in servicing capability…Read More
CFPB Consolidates and Restructures Fair Lending Enforcement Apparatus February 2, 2018 Paul Muolo CFPB Senior Advisor John Czwartacki said: “The bureau’s statutory mandate includes the supervision and enforcement of fair lending laws and regulations … the bureau will continue to perform those functions.”Read More
Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named February 2, 2018 Paul Muolo Among servicers, Ditech ranked 11th at Dec. 31, according to figures compiled by Inside Mortgage Finance.Read More
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