Retail Loses Jumbo Market Share, Volume Down Across All Channels March 27, 2018 Brandon Ivey Mortgage brokers are gaining market share in jumbo lending…Read More
loanDepot to Issue its Own Non-Agency MBS, Packaging Jumbos and GSE-Eligible Loans March 27, 2018 Brandon Ivey Nearly all of the loans are 30-year fixed-rate mortgages and have seasoned for an average of 2.1 months.Read More
CEO and Founder Anthony Hsieh Reports All is Well at loanDepot March 26, 2018 Paul Muolo loanDepot CEO and founder Anthony Hsieh: “I’m bragging so don’t read [this] if it irritates you.”Read More
Up for Grabs: A $1.9 Billion Fannie Mae MSR Portfolio March 26, 2018 Paul Muolo California receivables account for 22.5 percent of the collateral based on number of loans…Read More
IO Volume Down for Many Lenders in 2017 March 26, 2018 Brandon Ivey First Republic Bank was the top-ranked IO lender in 2017, originating $7.40 billion of such product…Read More
Impac’s New CEO: In Non-QMs We Trust March 26, 2018 Brandon Ivey With refi volume falling, Mangiaracina said non-QMs will be key...Read More
DBRS Tops in Non-Agency MBS Ratings, Fitch Has Strong Showing as Well March 26, 2018 John Bancroft Fitch had a good year too, rating $17.51 billion of non-agency MBS…Read More
Short Takes: Coming Up on 10 Years / Remember the ‘Southwest Plan’? / What if a ‘Moderate’ Replaces Watt at the FHFA? / Checking in on GSE Reform and Seeing Nothing / loanDepot Gets a New COO March 26, 2018 Paul Muolo It’s almost April and Rep. Jeb Hensarling, R-TX, has yet to introduce his GSE reform bill... Read More
Fannie and Freddie Witness High-DTI Loan Growth in 2017 March 23, 2018 John Bancroft Fannie Mae adjusted its automated underwriting services last summer to make more loans with higher debt-to-income ratios eligible for approval without lenders needing to provide compensating factors.Read More
BAML Says Washington May Be Settling into Status Quo on Reform March 23, 2018 Carisa Chappell Housing-finance reform appears to be in the process of a slow death for 2018 partly because of the pending departure of key players.Read More