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Jumbo Originations Up Sharply in 1Q15 – Compared to a Year Ago

June 1, 2015
Brandon Ivey
Chase was the second-ranked jumbo lender in the first quarter of 2015, nearly closing the wide gap that Wells Fargo has maintained in recent years.
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Loan Limit for Redwood/FHLB Jumbo Program More Than Doubles

June 1, 2015
Brandon Ivey
The higher loan limit for the jumbo program will go into effect early in the third quarter.
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It’s Official: Nonprime Lender Citadel Rolls Out a Second-Lien Product

June 1, 2015
Paul Muolo
But the product does not come cheap. On an A- credit loan, the rate is set at 8.25 percent when CLTV is 60 percent.
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FHA Proposes Clarification of DE Rules but Industry Wants More

June 1, 2015
George Brooks
By signing the addendum, the borrower certifies that he or she will make payments on the mortgage or become indebted to the federal government...
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Provident Says it Has ‘No Knowledge’ that its Brokers Were Allegedly Overcharging

June 1, 2015
Paul Muolo
Although Provident entered into a consent order, it said in a follow-up statement that it has no knowledge that brokers “were allegedly overcharging certain borrowers.”
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Short Takes: Two Harbors Readies a Jumbo MBS / Available: A Large Pool of Subprime Loans? / LenderLive Buys Walz / A Done Deal: The Merger of Two FHLBs / A New Hire for ZAIS

June 1, 2015
Brandon Ivey and Paul Muolo
We understand that a large pool of nonprime mortgage loans is looking for a home...
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Bigger Winner in BofA SCOTUS Ruling: Holders of Second Liens

June 1, 2015
Brandon Ivey
“What Dewsnup held is that the lienholder, according to the basic non-bankruptcy bargain, is entitled to keep its lien until payment in full or until a lender decides to foreclose,” said attorney Danielle Spinelli...
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Credit Suisse Issues Jumbo MBS, Sticks with New Penn and Quicken as Main Contributors

May 29, 2015
Brandon Ivey
New Penn contributed 19.1 percent of the loans included in the deal, followed by Quicken with a 19.0 percent share.
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Bank Holdings of Non-Mortgage ABS Continue to Fall

May 29, 2015
John Bancroft
The biggest rate of decline was in home-equity securitizations, where there has been no new issuance for several years.
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Provident Funding Agrees to $9 Million Settlement for Charging Higher Broker Fees on Loans to Minorities

May 29, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, Provident ranks eighth nationwide among all table-funders, based on first quarter 2015 production.
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Latest Imf News

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Featured Data

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Featured Reports

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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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