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See You in September: Fannie Sets New Release Date for DU 10.0

June 21, 2016
Carisa Chappell
What caused the delay of DU 10.0? “Issues,” said the GSE…
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PennyMac Adds Non-Delegated Option to Correspondent Program. The Cost: $495

June 21, 2016
Brandon Ivey
PennyMac is hoping non-delegated deliveries become an attractive option for many of its customers…
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Carrington Will Fund GSE Loans Via Mortgage Brokers

June 21, 2016
Paul Muolo
Although Carrington does not disclose lending volumes, at March 31, it was the 10th largest servicer of Ginnie Mae loans with a balance of $32.25 billion, according to government data.
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Short Takes: CFO of Marketplace Firm Departs / The Coming Bloodbath in Marketplace Lending? / More Non-Delegated Options for Sellers / MiMutual Posts Nice Production Gain / He’s Back: GSE Wag Bill Maloni

June 21, 2016
Brandon Ivey and Paul Muolo
Consultant Joe Garrett noted that if investors are worried about marketplace lenders in the current credit environment, just wait until the economy eventually goes south...
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Interest-Only Lending Up Almost 27 Percent in 1Q16

June 20, 2016
Brandon Ivey
Chase, which has significantly increased its jumbo originations in recent years, more than doubled its IO originations in the first quarter.
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USDA Securitizations Off in 1Q16; (Departing) JPM the Top Issuer

June 20, 2016
George Brooks
Roughly $3.9 billion of mortgages with a USDA guarantee were securitized during the first three months of 2016, with the top five issuers accounting for almost 52 percent of that amount…
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The Bank Incentive to Hold Mortgages in Portfolio Isn’t Going Away Anytime Soon

June 20, 2016
Brandon Ivey
It’s no secret that some banks, including Wells Fargo, are retaining GSE-eligible mortgages in portfolio instead of delivering them to Fannie Mae and Freddie Mac. When and if the trend will reverse is anyone’s guess…
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MIAC and MountainView Out with New MSR Auctions

June 20, 2016
Paul Muolo
More servicing auctions are hitting the market but sellers have to be realistic on pricing...
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Short Takes: Up and Down Mortgage Mt. Everest / Going Online with IO Ads / Overture’s Tech Update / DOJ Abandons Case Against Countrywide Founder Mozilo

June 20, 2016
Brandon Ivey and Paul Muolo
Social Finance (SoFi) and Guaranteed Rate are among the lenders advertising their interest-only offerings online…
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Will the Fed Ever Hike Rates Again?

June 20, 2016
Paul Muolo
There’s a growing belief among some economists and mortgage market watchers that the central bank may not raise interest rates at all this year.
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Featured Data

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