FHA Seeks to Strengthen MRB Authority November 19, 2018 George Brooks While the goal of a stronger MRB is not new, it has taken on a new urgency in discussions between HUD and DOJ...Read More
MIAC Hits the Market with a $7B MSR Package November 19, 2018 Paul Muolo Loans in the pool have an average age of 24 months.Read More
Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager November 19, 2018 Paul Muolo, Brandon Ivey, and Yemeng Yang Rates were in a decline Monday morning...Read More
Non-Agency Jumbo Sector Loses Market Share in 3Q18 November 19, 2018 Brandon Ivey The decline in market share for jumbos has occurred as interest rates have risen.Read More
As Mortgage M&A Heats Up, Panorama Partners Ready to Pounce November 19, 2018 Paul Muolo Panorama is not new to the mortgage business. In July 2016, the Omaha-based PE firm unveiled a “significant” investment in Alterra Home Loans…Read More
REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand November 16, 2018 John Bancroft Non-agency MBS holdings by REITs grew slightly faster than agency securities…Read More
Under Michael Bright, Ginnie Mae Continues to Tighten Issuer Standards, Accountability November 16, 2018 Paul Muolo Ginnie said the evaluation will be “similar to those employed by credit rating agencies.”Read More
House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief November 16, 2018 Yemeng Yang In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…Read More
After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More November 16, 2018 Paul Muolo Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD. Read More
What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller November 16, 2018 Paul Muolo A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...Read More
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