Wells Continues its Steady Issuance of Jumbo MBS September 4, 2019 Brandon Ivey The jumbo MBS will be the third of the year from the bank. Wells is also the nation's largest home lender and servicer... Read More
Short Takes: When In Doubt, Go With the Third-Party Valuation / When IOs Suffer in Value / After the Refi Boom is Gone / Don’t Forget About Ginnie / GR Hires New VP September 3, 2019 Paul Muolo The big question: What happens when this refi boom ends? Is it too early to ask?Read More
Reverse Lending Weak in 2Q19, Down 34% Compared to Last Year September 3, 2019 George Brooks For the first half, the top five HECM lenders were American Advisors Group, One Reverse Mortgage, Synergy One, Reverse Mortgage Funding, and Fairway Independent Mortgage…Read More
Expanded-Credit Lending Strong in 2Q19 but Trailed the Overall Market in Growth September 3, 2019 Brandon Ivey In the first half of 2019, Angel Oak was the top-ranked expanded-credit lender, with production of $1.25 billion…Read More
Short Takes: Waiting for Godot (and Treasury’s GSE Plan) / Underwhelming? / New Capital Requirements? When? / The Ups and Downs of Non-QM MBS Issuance August 30, 2019 Paul Muolo and Brandon Ivey Here’s what won’t be in the Treasury plan: The new Fannie/Freddie capital requirements, a document the Federal Housing Finance Agency is working on…Read More
Another Month and More Mortgage Laws for New York August 30, 2019 Yemeng Yang The legislation is aimed at ensuring homeowners do not lose time getting the modification approved when the loan is sold or transferred...Read More
Redwood Seeks MBS Reforms Along with Changes to QM Standards August 30, 2019 Brandon Ivey Redwood suggested changing the flat 5% risk-retention requirement on MBS with non-QMs to a standard based on the asset-level of loans in a deal.Read More
Short Takes: The Underbelly of Ultra Low Rates / Ditech Reorg Plan Hits a Snag / Eventually … / Borrowing Against the MSR Asset / Waterstone Names a New CEO August 29, 2019 Paul Muolo According to a new report from DBRS, more owners of servicing rights are opting to issue debt backed by their MSR portfolios.Read More
REIT Casts Its Net Even Wider, Buys Another Vendor August 29, 2019 Brandon Ivey Other lenders have gone the ancillary route as well, including Mr. Cooper and Ocwen Financial. Read More
Tappable Equity Reached a Record High of $6.3T in 2Q19 August 29, 2019 Yemeng Yang Tappable equity reached an all-time high of $6.3 trillion in the second quarter of this year, according to Black Knight.Read More
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