Good News for Jumbo MBS Issuers: Investor Demand Doubles (Roughly) March 7, 2017 Brandon Ivey JPMorgan said 50 investors bought into the bank’s latest jumbo MBS. Typically, 20 to 30 buyers line up…Read More
Jumbo Servicers Post Modest Gains in 2016 March 7, 2017 Brandon Ivey Among the top 30, LoanCare had the largest increase to its jumbo servicing portfolio…Read More
In the Trump Administration, DOJ Doesn’t Have the CFPB’s Back in the PHH Case; Uncle Sam Leans Toward PHH March 7, 2017 Thomas Ressler Attorney Barbara Mishkin notes: “…the amicus brief to be filed by the U.S. can be expected to support PHH’s position that the CFPB’s single-director-removable-only-for-cause structure is unconstitutional.”Read More
Rating Services Getting (Slightly) More Comfortable with TRID Compliance Issues on Jumbo MBS March 7, 2017 Brandon Ivey Four mortgages from First Republic Bank were subject to limited reviews that didn’t include checks for compliance with TRID.Read More
How Much Longer Can Hedge Funds Hold on to their GSE Stock Wagers? March 7, 2017 Paul Muolo Fairholme extolled the GSE’s massive fourth quarter profits of almost $10 billion, and called them “indispensable” to the mortgage insurance industry…Read More
Will Treasury Take a Look at Mortgage Servicing Compensation? March 7, 2017 Paul Muolo Perhaps, residential servicers should receive 33 basis points for servicing Fannie/Freddie loans, not 25 bps...Read More
Short Takes: It Appears Carson Likes the MI Industry / New HUD Chief Carson Asks Employees to Take ‘The Niceness’ Pledge / You Can’t Overload the Human Brain? / Prestwick Selling GSE Servicing Rights / Freddie’s New Whole Loan Deal March 7, 2017 Brandon Ivey and Paul Muolo "You can't overload the human brain," said newly minted HUD secretary Ben Carson. And there was more...Read More
Ginnie Mae Issuance Takes a Tumble in February March 6, 2017 George Brooks Just three depositories ranked among the top 15 issuers for February…Read More
Plenty of ‘Home Equity’ Now, but Less of a Desire to Tap the ‘House ATM’ March 6, 2017 Brandon Ivey Researchers at the Federal Reserve Bank of New York said there’s still plenty of demand for home equity loans and cash-out refis but…Read More
Redwood Trust Prepares its Third Jumbo MBS of the Year. Execution Stronger than Whole Loan Sales March 6, 2017 Brandon Ivey Redwood officials note that in recent months pricing for jumbo MBS has been stronger than the bid for whole loan sales…Read More
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