Lenders Defend Offering DSCR Loans with Negative Cash Flow June 15, 2022 Brandon Ivey Non-agency originator Deephaven Mortgage accepts DSCR ratios as low as 0.75...Read More
More MSR Deals Hit the Auction Circuit June 15, 2022 Paul Muolo As a way to raise cash, more lenders are contemplating servicing sales...Read More
Lenders, for the Most Part, Like FHA 40-Year Loan-Mod Proposal June 15, 2022 Monica Hogan NAR noted that 9.58% of FHA borrowers “were in some stage of delinquency” during the first quarter.Read More
A Rare Slowdown in the Outsourcing of Servicing June 14, 2022 Paul Muolo At the end of March, 31.7% of all outstanding residential mortgages were being processed by someone other than the owner of the MSRs...Read More
CDFIs Under Scrutiny as Their Non-QM Production Increases June 14, 2022 Brandon Ivey Loans originated by CDFIs also are exempt from risk-retention requirements...Read More
Finance of America Names Interim CEO, Cook Remains as Consultant June 14, 2022 Paul Muolo Cook, a former Freddie Mac and JPMorgan executive, announced her retirement earlier this year.Read More
ARM Market Share Increases. However... June 14, 2022 Bank of America was the top ARM lender in the first quarter...Read More
Bonds No Longer a Safe Haven? 10-Year Treasury Tops 3.33% June 13, 2022 Paul Muolo Veteran loan broker Marc Savitt: “The higher rates go, more people won’t qualify or will hold off until things slow down.”Read More
A Buyer’s Market for Mortgage Companies? June 13, 2022 Paul Muolo The other mortgage firm confirming its interest in buying other shops is CrossCountry Mortgage...Read More
Rating Services Refining ESG Analysis for MBS and ABS June 13, 2022 Brandon Ivey The goal: Investors would receive more relevant information regarding ESG issues.Read More
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