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Subprime Loan Performance Improves, but Servicing Continues to Run Off

December 9, 2016
Brandon Ivey
Caliber Home Loans was the only subprime servicer among the top 10 to increase its subprime portfolio compared with the third quarter of 2015
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What We’re Hearing: Time to Merge HUD and the FHFA? / Short Covering Behind GSE Stock Spike? / The Quandary Over GSE CRT Deals / 387 Days Before Fannie and Freddie Run Out of Capital / New Hires for Tech Vendor

December 9, 2016
Paul Muolo
In case you’re not keeping tally, there are roughly 387 calendar days remaining before the “capital buffer” at Fannie and Freddie falls to zero on Jan. 1, 2018.
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Lone Star’s New Nonprime MBS Sets the Standard: An AAA Rating and the Largest Post-Crisis Deal to Date

December 8, 2016
Brandon Ivey
The loans funded by Sterling and Lendsure entailed the use of bank statements to verify borrower income.
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Since the Election, Rates Have Risen 75 Basis Points but Lenders Aren’t Panicking – Yet

December 8, 2016
Paul Muolo
Then there’s the case of Bill Dallas, the industry veteran who runs Skyline Home Loans in Calabasas, CA. “Winter is coming,” he said in a brief email exchange with Inside Mortgage Finance.
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Bulk MSR Market Showing Signs of Life Again?

December 8, 2016
Paul Muolo
With rates rising almost 75 basis points since the election, more MSR packages should hit the market in the next few weeks.
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CFPB Slams Reverse Mortgage Companies for Deceptive Advertising

December 8, 2016
Thomas Ressler
Of the three reverse mortgage firms, American Advisors Group was fined the most: $400,000...
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Short Takes: Putting Fannie and Freddie in Receivership? / Cashing Out of Gains on GSE Common. Anyone? / No Chatter at Lunch / Freddie’s CSP Milestone / Stonegate Hires Renovation Leader

December 8, 2016
Paul Muolo
Have any of the GSE stock speculators that bought on the cheap cashed out of their gains?
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CFPB Issues New Exam Procedures for Reverse Mortgage Servicing

December 7, 2016
George Brooks
CFPB examiners will review a sample of servicing records for loans transferred within the previous year…
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FHA, VA Deliveries into Ginnie MBS Remain Strong. But VA Has Higher Growth Rate

December 7, 2016
George Brooks
The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.
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Non-Agency Lender Citadel Sets Correspondent Purchase Goal for 2017

December 7, 2016
Paul Muolo
Perl is bullish on the non-agency market for the coming year and is thankful Citadel is not a Fannie/Freddie lender…
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Latest Imf News

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Featured Data

  • ARM Production Bounces Back in Fourth Quarter

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Featured Reports

  • Mortgage Profitability Report 4Q25 (PDF)

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