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Luther Burbank of California Pushing Non-QM Jumbos

September 1, 2016
Brandon Ivey
Some of Luther Burbank’s borrowers are more than 40 years old and receive financial support from their parents.
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Life Under TRID: Delays Ease, Costs Rise, Smaller Loans Less Desirable

September 1, 2016
Thomas Ressler
Originators were asked if TRID has affected their willingness to originate small loans. Roughly 53.8 percent said “no change,” while 46.2 percent said “yes, moderately.”
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NFHA Piles on Foreclosure-Related Accusations Against BofA. Zika Allegations Too. BofA Disputes the Charges

September 1, 2016
Brandon Ivey
The consumer advocate charges that BofA is exacerbating the risk of spreading the Zika virus in South Florida…
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Short Takes: ‘Fix n Flip’ Lender Jordan Should Have a Record Year / Help Wanted: SVP of Sales / Nonprime Retail Firm Angel Oak Continues Expansion / Declining MSRs at Prospect Mortgage / Luther Hires Former Finance of America Official

September 1, 2016
Paul Muolo
Retail nonprime/non-QM originator Angel Oak Home Loans is continuing its national expansion...
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HUD Updates Single-Family Property Disposition Regulations

September 1, 2016
George Brooks
The codified changes include limiting the provision of settlement-cost assistance to owner-occupants.
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TRID Compliance Issues Disclosed on New Nonprime MBS from Angel Oak, Deephaven

September 1, 2016
Brandon Ivey
The originators believe they made a good-faith effort to address all TRID violations through the issuance of revised disclosures…
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FCC Limits ‘Robocalls’ on Mortgage Collections, More…

August 31, 2016
Thomas Ressler
The new rules apply to each caller, rather than each debt…
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Lone Star Prepares Second Nonprime MBS of 2016, Possibly the Largest Deal of the Post-Crisis Era

August 31, 2016
Brandon Ivey
The new security also will include mortgages originated by Sterling Bank & Trust…
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Steady as She Goes in Subservicing Market. Cenlar Continues to Dominate

August 31, 2016
Paul Muolo
Certain subservicers, including Nationstar Mortgage, continue to solicit others to shift their servicing chores over to them…
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Some Lenders Expect to Set New Production Records in August

August 31, 2016
Paul Muolo
One originator described August’s activity as “busy, crazy busy…”
Read More
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Latest Imf News

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Featured Data

  • RMBS Issuance Ends Banner Year With Modest Decline

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  • Solid 4Q Carries 2025 MBS/ABS to $2 Trillion

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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