MSR-Investing REIT New Residential Has a Blowout 1Q18: A Profit of $614.3 Million April 27, 2018 Paul Muolo New Residential said during and subsequent to the first quarter, it entered into agreements to buy $38.0 billion of mortgage servicing rights...Read More
Western Asset Goes Big with its First Non-QM MBS: A $1.25 Billion Deal April 27, 2018 Brandon Ivey Interesting fact: Most of these non-QM loans were originated by banks...Read More
In New Amendment, CFPB Addresses the TRID ‘Black Hole’ Issue April 27, 2018 Yemeng Yang In July 2017, the CFPB proposed an amendment to resolve the black hole issue and began taking comments.Read More
What We’re Hearing: GSE Reform? How About 2021? / The Return of Ed DeMarco? / No Political ‘Protection’ for Fannie and Freddie / RMS Scores a Repo Line from Barclays / Bucking the Production Trend: Home Point / New Hires for Plaza Home April 27, 2018 Paul Muolo Mel Watt has roughly eight more months in office, but already industry lobbyists and GSE watchers are playing “guess who the next FHFA director might be.”Read More
Mortgage Origination Volume Tanked in 1Q18, Hitting the Lowest Level Since 4Q14 April 26, 2018 John Bancroft Production numbers were down sharply in nearly every category.Read More
Acting FHA Chief Dana Wade Sees Disturbing Trends, Worries About Potential Losses April 26, 2018 George Brooks Warning sign: In February, the percentage of FHA borrowers with DTI ratios above 50 percent rose to 24.6 percent, up from 19.8 percent a year ago.Read More
Lenders Divided on Whether Changes Should be Made to QM Standards April 26, 2018 Brandon Ivey “It appears that the larger the investment, the larger the resentment,” Stratmor said.Read More
Sen. Brown Says CFPB Chief Mulvaney Must Go, Cites ‘Pay to Play’ Comments April 26, 2018 Paul Muolo Sen. Brown said he wants a new CFPB director, one with a moral compass…Read More
Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It April 26, 2018 Paul Muolo In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...Read More
Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale April 26, 2018 Paul Muolo and Yemeng Yang Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle...Read More