Despite the Pandemic, First-Time Homebuyers Remain a Force June 11, 2020 John Bancroft The flow of first-time buyer loans was up 20.0% from the first five months of 2019... Read More
Deephaven, Vista Point and Redwood Prep Non-QM Deals June 11, 2020 Brandon Ivey The planned MBS will be stocked with mortgages originated earlier this year, before volatility paused non-agency MBS issuance.Read More
17 Trade Groups Tell HUD: How About No Indemnifications for FHA Forbearance Loans? June 10, 2020 Paul Muolo The Mortgage Bankers Association has been silent on the issue, until now... Read More
A Robust CA-CFPB Still in the Works, Despite Anticipated Budget Shortfall June 10, 2020 Yemeng Yang California is expecting a massive budget shortfall because of the pandemic, but remains committed to funding a robust state-level CFPB... Read More
Wells Brings the Second Jumbo MBS Deal of 2Q20 June 10, 2020 Brandon Ivey Wells Fargo is maintaining its steady issuance of jumbo MBS while other issuers largely avoid the market.Read More
Banks See a Huge Drop in Servicing For Others. However… June 10, 2020 Paul Muolo Depositories reported $3.360 trillion of servicing for others on their books at the end of March, down a stunning $244.76 billion from 4Q19... Read More
Credit Scores Reflecting COVID-19 Relief Raise Concern June 9, 2020 Yemeng Yang According to Francis Creighton, president and CEO of the Consumer Data Industry Association, the adoption of the CARES Act went smoothly, but it’s too early to tell what impact the pandemic will have on consumer credit... Read More
Indicted Mortgage Veteran Ron McCord: 'The Truth Will Prevail' June 9, 2020 Paul Muolo Among the charges: McCord bounced checks to more than sixty taxing authorities and borrowers missed making their real estate tax payments...Read More
Life Stirs in M&A, Guaranteed Rate Arrives on the Scene as a Buyer June 9, 2020 Paul Muolo The nation's 16th largest originator is pondering acquisitions of all different sizes...Read More
Citadel Preps Relatively Small Non-QM MBS with Single-A Rating June 9, 2020 Brandon Ivey Citadel’s MBS received a preliminary A-rating from DBRS Morningstar with credit enhancement of 19.1% on the senior tranche. Read More