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Home » Topics » IMFnews » Originations

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Surprise: Goldman Sachs Aggregating Jumbos and Conforming Loans for Non-Agency MBS

March 22, 2019
Brandon Ivey
Goldman hasn’t been active in the prime non-agency MBS market except for a one-off deal in 2014.
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CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney

March 22, 2019
Yemeng Yang
The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.
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FHA Lenders Can Opt for Third-Party Verification

March 22, 2019
George Brooks
The new guidance applies to all FHA forward mortgages and HECMs…
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MBS Trading Falters Slightly but Strong Overall

March 22, 2019
Paul Muolo
One fact is certain: January and February were not good months for the production of Fannie Mae, Freddie Mac and Ginnie Mae securities.
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What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae

March 22, 2019
Paul Muolo
In the Senate, the 'Green New Deal' is more important than Mark Calabria?
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The Non-QM Bright Spot Continues to Grow

March 21, 2019
Brandon Ivey
“In 2018, our lending units saw a distinct rise in the popularity and use of non-QM products as more creditworthy borrowers turned to these innovative options,” said Angel Oak’s Michael Fierman…
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JPM Pondering Non-QM Finance Opportunities?

March 20, 2019
Paul Muolo
“They’ve approached a few lenders,” he said, “and have some others to see.”
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VA-Based Nonbank Scuttles Merger with Congressional Bank

March 20, 2019
Paul Muolo
Congressional has seven branches and $949.7 million in assets. It earns roughly $16 million a year.
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OCC Fines Citibank $25M for Fair Lending Violations

March 20, 2019
Yemeng Yang
According to the consent order, between 2011 and 2015, Citi had certain control weaknesses related to its “relationship loan pricing” program...
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Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board

March 20, 2019
Paul Muolo and George Brooks
Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...
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