FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors January 9, 2019 Paul Muolo The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...Read More
Angel Oak Expects Sustained Non-QM Growth in 2019 January 9, 2019 Brandon Ivey The non-QM market is booming, said Angel Oak executive Tom Hutchens…Read More
Short Takes: UWM Removes LLPAs on Certain Loans / New Mortgage Applications Come Roaring Back / Tempering Optimism with a Government Shutdown / Seterus’ Leslie Peeler? / Complaints Registered January 9, 2019 Paul Muolo Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus. Read More
Market Shocker: Ginnie Mae Interim President Michael Bright Quits January 9, 2019 Paul Muolo Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.Read More
The Final Ginnie Mae Issue Tally for 2018: $388 Billion January 8, 2019 George Brooks Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…Read More
Morningstar Expects Looser Underwriting on Non-Agency Loans in 2019 January 8, 2019 Brandon Ivey Morningstar expects the market share will increase for ARMs, interest-only loans and mortgages with higher loan-to-value ratios…Read More
BB&T Quietly Cuts Mortgage Staff Including Correspondent Manager January 8, 2019 Paul Muolo The RIFs at BB&T started in December and more are expected...Read More
TMS Exiting Retail and Wholesale Channels, Will Focus on Servicing, Correspondent Acquisitions January 8, 2019 Paul Muolo AmeriSave said it wants to scale its origination business…Read More
Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet January 8, 2019 Namrata Bhatia, Brandon Ivey, and Paul Muolo Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate. Read More
Non-Agency MBS Issuance Nearly Doubled in 2018 January 7, 2019 Brandon Ivey JPMorgan Chase and Redwood Trust are the dominant issuers of non-agency MBS…Read More
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