Angel Oak Set to Issue its Third Nonprime MBS of the Year; Bank-Statement Loans 35 Percent of the Collateral November 17, 2017 Brandon Ivey Self-employed borrowers whose incomes were determined with bank statements account for 35.0 percent of the collateral.Read More
Fannie and Freddie Approved to Re-Enter LIHTC Market for First Time in 10 Years November 17, 2017 Carisa Chappell Freddie said it plans to close its first investment in January 2018.Read More
Pending Tax Reform has MBS Between ‘A Rock and a Hard Place’ November 16, 2017 Thomas Ressler If substantial tax reform is enacted, it would likely lead to rising expectations about growth and inflation, leading to a selloff in rates…Read More
Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17 November 16, 2017 John Bancroft Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...Read More
Lenders Start Your Engines: Texas Loosens Home-Equity Regulations November 16, 2017 Brandon Ivey The proposition revises the strict fee limits that Texas places on home-equity lines…Read More
Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job November 16, 2017 Paul Muolo Kittle was first approached by the White House nine months ago about the job.Read More
House Panel Passes Bill That Would Override State Usury Laws November 16, 2017 Thomas Ressler It remains to be seen whether the language of the bill will be incorporated into the regulatory relief package…Read More
Academy Mortgage Production EVP Departs November 16, 2017 Paul Muolo Nemec oversaw a retail network of 250 branches...Read More
Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth November 16, 2017 Brandon Ivey and Paul Muolo Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...Read More
Mortgage REITs Boost Residential MBS Holdings in 3Q17 November 16, 2017 John Bancroft MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…Read More
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