Loans in New ‘Nonprime’ MBS Look like ‘Alt A’ Loans Really August 8, 2017 Brandon Ivey In fact, some of the underwriting characteristics on new nonprime loans are even stronger than the credit quality on pre-crisis Alt A mortgages…Read More
House Republicans Push Another Contempt Case Against CFPB’s Cordray August 7, 2017 Thomas Ressler The GOP legal analysis asserts that Cordray failed to satisfy subpoenas the committee issued for agency records…Read More
Trader Joe’s a Beacon for Homebuyers? August 7, 2017 Sherry Muolo Homes located near a Trader Joe’s location had an average 5-year appreciation of 67 percent…Read More
Why is it Taking So Long for Trump to Nominate Kittle as Ginnie Mae Chief? August 7, 2017 Paul Muolo According to industry officials who claim to have knowledge of the matter, Kittle is still the top pick, but...Read More
Fairholme Predicts Trump’s DOJ Will See (GSE) Things Its Way August 7, 2017 Paul Muolo “There is a proven blueprint to succeed, and we hope to successfully resolve this matter before reaching the Supreme Court of the United States,” the company told investors.Read More
Short Takes: An Increase in Investigations for Nationstar / Succession-Related Hiring / Movement Looking for Sales Personnel / A Solid Profit for Redwood / Greystone Hires MF Executive August 7, 2017 Paul Muolo Among residential lenders in a hiring/growth mode is Movement Mortgage...Read More
Jumbo Originations Up in 2Q17 as Banks Report Strong Demand August 7, 2017 Brandon Ivey Lee Smith, an executive vice president and COO at Flagstar, said the bank’s jumbo originations were bolstered by the acquisition of Opes Advisors…Read More
What We’re Hearing: The Clock is Ticking / Ivanka Trump, the GSEs, Mary Bailey and the Debt Ceiling / How Far will the FHFA Go in Loosening Credit? / Bad Timing on Mortgage M&A Deal / Impac’s Non-QM Plans Revealed August 4, 2017 Paul Muolo It was thought that Watt, while speaking at the annual convention of the NAREB, might, might say something about the GSE dividend payments...Read More
DOJ Cleared to Join Another Constitutional Challenge to the CFPB: Ocwen’s August 4, 2017 Thomas Ressler “We look forward to the attorney general’s views on the constitutional issues raised in our motion to dismiss,” an Ocwen spokesman told IMFnews.Read More
Red Hot Housing: July MBS Total the Largest Monthly Purchase-Mortgage Volume Since Loan-Level Data Became Available August 4, 2017 John Bancroft Freddie’s purchase-mortgage business soared 17.1 percent from June to July, while Fannie’s was up 9.0 percent…Read More