Bulk MSR Market Showing Signs of Life Again? December 8, 2016 Paul Muolo With rates rising almost 75 basis points since the election, more MSR packages should hit the market in the next few weeks.Read More
CFPB Slams Reverse Mortgage Companies for Deceptive Advertising December 8, 2016 Thomas Ressler Of the three reverse mortgage firms, American Advisors Group was fined the most: $400,000...Read More
Short Takes: Putting Fannie and Freddie in Receivership? / Cashing Out of Gains on GSE Common. Anyone? / No Chatter at Lunch / Freddie’s CSP Milestone / Stonegate Hires Renovation Leader December 8, 2016 Paul Muolo Have any of the GSE stock speculators that bought on the cheap cashed out of their gains?Read More
CFPB Issues New Exam Procedures for Reverse Mortgage Servicing December 7, 2016 George Brooks CFPB examiners will review a sample of servicing records for loans transferred within the previous year…Read More
FHA, VA Deliveries into Ginnie MBS Remain Strong. But VA Has Higher Growth Rate December 7, 2016 George Brooks The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.Read More
Non-Agency Lender Citadel Sets Correspondent Purchase Goal for 2017 December 7, 2016 Paul Muolo Perl is bullish on the non-agency market for the coming year and is thankful Citadel is not a Fannie/Freddie lender…Read More
MBA: 94 Percent of Mortgage Lenders Profitable in 3Q16. But Can it Last? December 7, 2016 Paul Muolo First the good news: origination profits were strong in 3Q16. Now the bad: the recent rate rise is going to hurt.Read More
Short Takes: Post-Crisis Non-Agency MBS Gets AAA Rating / Refi Specialists Might as Well Call it a Day? / An IPO for Invitation Homes / Ben Carson in a Museum / FICO Readings on FHA and VA December 7, 2016 George Brooks, Brandon Ivey, and Paul Muolo Refi specialists could be in for a word of hurt...Read More
RPM Mortgage Makes an ‘Investment’ in Ohio Lender American Eagle December 7, 2016 Paul Muolo Over the past few weeks, rumors have circulated that the privately held RPM was buying American Eagle...Read More
Agency Jumbo Production Outpaced ‘Traditional’ Jumbo Originations in 3Q16 December 7, 2016 John Bancroft The third quarter saw a sharp increase in refinance originations that appeared to give a bigger boost to government and conventional-conforming production than the jumbo market got.Read More