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Warehouse Lines Just About Flat in 4Q, but Loans Staying on Lines Longer Because of TRID

February 23, 2016
Paul Muolo
Thanks to falling interest rates, some warehouse managers are starting to hear their telephones ring with requests for new credit.
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Nationstar to Issue Non-Agency MBS Backed by ‘Inactive’ Reverse Mortgages and REO

February 23, 2016
Brandon Ivey
This marks the fourth non-agency MBS from Nationstar backed by inactive HECMs...
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An Underused Tool? The False Claims Act as it Applies to GSE Loans

February 23, 2016
Carisa Chappell
Schilling cites a 2009 amendment to the DOJ’s FCA policy that expanded the boundaries of where it can be applied. He said now a claim can include a request for money made to a recipient of government funds.
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As ‘Captives’ Get the Boot, Traditional Insurance Firms Increase FHLB Membership

February 23, 2016
Carisa Chappell
Several groups of traditional insurance companies have substantially increased their borrowing capacity from the FHLB system as well.
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MBA Increases Residential Origination Forecast to $1.48 Trillion

February 23, 2016
Paul Muolo
Compared to an estimate released at its annual convention in October, the trade group's production forecast is up 12.3 percent.
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Short Takes: A 178 Percent Increase in Originations at One Company / Taking it on the Chin? / On the Way Out: Back-End Risk Sharing? / Liquidity Issues? / REIT Buys Back Stock

February 23, 2016
Carisa Chappell and Paul Muolo
Baldwin noted that experienced mortgage bankers have grown to expect seasonality, but that doesn’t mean they have to like it…
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Banks and Thrifts Continue Their Love Affair With MBS

February 22, 2016
John Bancroft
As banks cede market share to nondepositories, an odd thing is happening: banks and thrifts are hiking their investment in MBS.
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Congress Voices Concerns on DOL Overtime Move, Which Could Affect Mortgage Firms

February 22, 2016
George Brooks
Currently, employers are required to pay overtime for all employees who make $23,660 or less annually.
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Impac Officials Not too Impressed with Quicken’s Rocket Mortgage, See Similarities with CashCall

February 22, 2016
Brandon Ivey
“I personally called their line. I didn’t see much difference, to be honest with you,” said Impac executive Joe Tomkinson.
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Mid America Continues to Bid on TRID ‘S&D’ Loans; Expects Market Could Peter Out Eventually

February 22, 2016
Paul Muolo
A handful of firms broker TRID scratch and dent loans, including Rincon Mortgage Trading, Mortgage Delivery Specialists and Spurs Capital.
Read More
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Latest Imf News

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