Still Festering: the VA IRRRL ‘Orphan’ Loan Mess July 17, 2018 Paul Muolo “We want to get more bidders involved,” said MBA’s Pete Mills…Read More
Short Takes: The Slow Fade of Banks Continues / False Claims Act Relief on the Way? / A Bank Advertising Mortgages on National TV / The Next Move for Bob Ryan of the FHFA? / Fannie Elects a New Director with a Blockchain Background July 17, 2018 Paul Muolo Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…Read More
Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction July 16, 2018 John Bancroft, Brandon Ivey, and Paul Muolo Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...Read More
High DTIs and Other Concerns at FHA Give Way to Weekly ‘Triage’ Meetings July 16, 2018 Paul Muolo Among FHA loans endorsed in April and May, only 41.9 percent were at or below the benchmark DTI test for qualified mortgages, which is 43.0 percent.Read More
A 23 Percent Increase in Home Lending for Bank of America July 16, 2018 Paul Muolo Bank of America no longer breaks out mortgage income separately.Read More
Non-Agency MBS (Backed by New Production) Hits Another Quarterly Record July 16, 2018 Brandon Ivey Prime jumbo mortgages continue to account for the majority of non-agency MBS issuance…Read More
Phoenix Announces GSE Flow MSR Auction July 16, 2018 Paul Muolo The average loan size could be as high as $227,000…Read More
Trades Urge Congress to Extend NFIP. NAR Fears Lost Home Sales… July 16, 2018 George Brooks NAR fears a major loss in home sales...Read More
Mixed Trends for Residential MBS Issuance Halfway Through 2018 July 13, 2018 John Bancroft Some $315.95 billion of single-family MBS was issued in the second quarter, up 8.2 percent from the previous quarter, according to Inside MBS & ABS. Read More
Wells’ Mortgage Originations Down in 2Q, Bank Set to Include Some Jumbos in Non-Agency MBS July 13, 2018 Brandon Ivey While originations increased on a quarterly basis, Wells reported lower mortgage banking income and a shrinking production margin. Read More
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