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It Looks as Though WJB Went Through a ‘Recap’ In December. Then It All Went South

March 29, 2016
Paul Muolo
Among the secondary market investors buying loans from WJB was JPMorgan Chase, sources said…
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The Successor to Fannie/Freddie Would Only Be as Large as it ‘Needs to Be’

March 29, 2016
Brandon Ivey
The clock is ticking on Fannie/Freddie capital going to zero. To some, this proposal restarts the GSE "conversation..."
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Reverse Mortgage Production Up 15 Percent in 2015, However…

March 28, 2016
George Brooks
Not one depository ranks among the top 10 reverse mortgage lenders...
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Another Shakeup at Redwood Trust: Nicholas Out as President; A Severance Charge That Could Top $4.5 Million

March 28, 2016
Paul Muolo
The REIT noted that Nicholas “led the team that built Redwood’s residential loan and capital markets platforms.”
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Due Diligence Firms Continue to Work on a TRID Fix for the Secondary Market

March 28, 2016
Brandon Ivey
TRID errors and investor fears are playing a key role in secondary market snafus...
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Is Non-QM Lending a Bust? Former CFPB Official Speaks His Mind

March 28, 2016
Brandon Ivey
CFPB Director Richard Cordray has pushed back against claims from industry participants that regulations have unduly constricted lending...
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Piper: Certain Banks Could Post Strong Mortgage Earnings for 1Q16

March 28, 2016
Paul Muolo
In particular, gain-on-sale margins could be quite healthy.
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Short Takes: A Mortgage Giant Named Nimrick? / Keeping the GSEs ‘On Budget’ / Banking and Mortgage Deregulation? / Mortgage Executive Bolts Wells Fargo for Tech Vendor

March 28, 2016
Paul Muolo
Mortgage deregulation ahead? GOP presidential candidate Sen. Ted Cruz, R-TX, has tapped former Texas senator Phil Gramm as an economic advisor...
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Was W.J. Bradley’s Closure All Related to TRID Errors or Something Else? Are More WJBs Ahead?

March 24, 2016
Errors in TRID disclosures on jumbo mortgages played a key role in the recent closure of W.J. Bradley Mortgage, but the privately held nonbank may have had other problems as well, according to industry officials who claim to have intimate knowledge of the company’s operations. A thin capital base is one of those problems. An investor in the company and an investment banking official each told...
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Mortgage Securitization Rate Nudged Higher in 2015, But Below Post-Crisis Norm

March 24, 2016
John Bancroft
An estimated $1.21 trillion of newly-originated home loans were pooled in mortgage securities last year.
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Latest Imf News

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Featured Data

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