Heavy Agency MBS Production Lifted Asset Securitization to 3-Year High in 2016 January 6, 2017 John Bancroft In 2016, the non-agency MBS market was a dud…Read More
The Big Boys of Servicing Suck Wind; Smaller Shops Shine January 6, 2017 Brandon Ivey Growth was far from uniform among servicers, Inside Mortgage Finance found…Read More
Redwood Trust Readies First Jumbo MBS of the New Year January 6, 2017 Brandon Ivey It looks like Redwood Trust will be the first out the door with a jumbo security in 2017. Who’s next?Read More
ABA Calls for Expanded ‘Qualified Mortgage’ Language, Housing Finance Reform January 6, 2017 Thomas Ressler ABA seeks the restoration of “balance to the regulatory process,” including Consumer Financial Protection Bureau reform…Read More
What We’re Hearing: What’s Up with Walter Investment? / MSR ‘Mark-up’ Mania / Rates Heading South, a Bit / Layoff Rumors and Actual Layoffs / Bad News for GSE ‘Recap and Release’? January 6, 2017 Paul Muolo With rates falling again, lenders may be rethinking any planned layoffs...Read More
Final GSE MBS Tally for 4Q16: Just Shy of $300 Billion; Best Quarter Since 2Q13 January 5, 2017 John Bancroft Fannie Mae’s MBS issuance in 2016 was up 23.3 percent from the previous year…Read More
First-Lien Mortgages Continued to Perform Better in 3Q16, OCC Finds January 5, 2017 Thomas Ressler Residential servicers started 47,955 new foreclosures in the quarter, a 1.6 percent sequential decline, and a whopping 25.3 percent fall compared to a year ago.Read More
Constitutional Question Aside, Much at Stake on RESPA Front in PHH Case January 5, 2017 Thomas Ressler That being said, “There is a lot at stake on the RESPA front," said one attorney...Read More
A Cut in FHA Premiums Has Been Pitched to HUD Nominee Carson. Will He Bite? January 5, 2017 Paul Muolo President-elect Donald Trump wants to improve access to credit. A cut in FHA premiums would presumably help...Read More
Angel Oak’s Final Non-QM Tally for 2016: $700 Million January 5, 2017 Brandon Ivey and Paul Muolo “It was a record month for us,” said Angel Oak executive Mike Fierman.Read More
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