Spring Homebuying Season to the Rescue? Maybe, Maybe Not April 5, 2018 Brandon Ivey Lenders cited a lack of inventory of homes for sale as one of the major factors limiting demand for purchase mortgages.Read More
Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief April 5, 2018 George Brooks and Paul Muolo Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.Read More
Trouble Brewing for Fannie and Freddie in High DTI Market? April 4, 2018 John Bancroft MGIC, Radian, Essent and National MI all announced that they would no longer insure loans with DTI ratios over 45 percent and credit scores below 700…Read More
M&A Market Heats Up: Finance of America Buys Skyline’s ‘Assets’ April 4, 2018 Paul Muolo Finance of America ranked 22nd among all originators in 2017...Read More
FTC Suggests the CFPB May Want to Consider ‘High Level’ Approvals for CIDs April 4, 2018 Yemeng Yang Mortgage lenders that have received civil investigative demands from the CFPB have complained the process can be trying…Read More
MERS Launches Product to Help Lenders ‘Conveniently’ Implement eNotes as Part of Digital Mortgage Process April 4, 2018 Brandon Ivey Simon Moir of eOriginal said eNotes are the most important document in closings of digital mortgages…Read More
Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post April 4, 2018 Paul Muolo If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...Read More
FHFA Wants Input on Potentially Burdensome or Duplicative Regulations April 4, 2018 Carisa Chappell The FHFA’s Office of General Counsel will review all of the comments and report findings...Read More
Ginnie Contemplates Grading System for Issuer/Servicers April 3, 2018 Paul Muolo Such firms would then be eligible for what he called “concierge services” from the agency.Read More
Short Takes: No Word from the White House / Thinking About Risk, Daily/ Cash-out Refis on the Rise / Annaly’s Unique MBS / Ellington CFO Lisa Mumford Retires April 3, 2018 Brandon Ivey and Paul Muolo A subsidiary of Annaly Capital Management plans to issue a non-agency mortgage-backed security with a mix of seasoned mortgages...Read More
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