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HUD Sends Final Condo Rule to OMB for Clearance

May 11, 2016
George Brooks
The rule is expected to reflect measures in the interim guidance, including modification of the requirements for condo project recertification...
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Signs of Life in Mortgage Hiring; Quicken Looks to Fill 770 Positions

May 11, 2016
Paul Muolo
Mortgage brokerage firms added 200 workers during March. Employment in the sector now stands at 80,400 positions.
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Short Takes: Technology Vendors Still Not Getting it Right on TRID? / Remember What Cordray Said About LOS Firms? / Former Fannie Tech Exec Lands at Sindeo / PMI Gaining on FHA? / Muldering Advances at FHA

May 11, 2016
George Brooks and Paul Muolo
Recent studies suggest reduced pricing and declining costs have given conventional mortgages with private MI an edge over FHA in the battle for high-quality borrowers...
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An Ugly 1Q For Stonegate: Large MSR Writedown, A Large Loss and a Decline in Originations

May 10, 2016
Paul Muolo
Stonegate’s results were affected by declining interest rates, a plague that has marred the performance of residential servicers from coast to coast...
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Clayton Assessed as First Deal Agent for Non-Agency MBS

May 10, 2016
Brandon Ivey
Even with the assessment of Clayton, the functions that a deal agent complete remain nebulous.
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Angel Oak Working on Second Subprime MBS

May 10, 2016
Paul Muolo
Last year, the two Angel Oak companies originated roughly $350 million in non-QM loans. This year they are hoping for production that could top $850 million.
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GSEs Continue to Prune Investment Portfolios, Especially Subprime Assets

May 10, 2016
John Bancroft
Freddie Mac reduced its portfolio to $339.9 billion at the end of the quarter, a 2.0 percent drop. Like Fannie, the biggest decline in percentage terms was in non-agency MBS…
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PIMCO-owned FGMC Buys Assets of goodmortgage.com; Targets Fast Licensing Growth

May 10, 2016
Paul Muolo
goodmortgage.com will be operated as a division of FGMC and run as a “dba.”
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Short Takes: Taking a Discount for Being a ‘Marketplace’ Lender? / California Regulators are Watching / goodmortgage.com Founder to Stay On / A Record Month for PRMG / Ellington and Non-QMs / UGC Gets Some Extra Insurance

May 10, 2016
Brandon Ivey and Paul Muolo
New applications are booming at PRMG...
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Lenders Cozying Up to Non-QM Loans, but Challenges Remain

May 9, 2016
Brandon Ivey
Impac Mortgage, one of the better known non-QM lenders, funded $75.0 million in such loans during the first quarter of 2016, up from $50.8 million in the previous quarter.
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Latest Imf News

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Featured Data

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