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Originations
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Hearings Commence on GSE Reform. NAHB Worries About ‘Administrative’ Changes, Academic Trashes Crapo’s Ideas

March 26, 2019
Paul Muolo
Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."
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LendingHome Issues $219 Million ABS Backed by Fix-and-Flip Loans

March 26, 2019
Brandon Ivey
Fix-and-flip loans typically payoff in about seven months...
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MBA Research: A Net Origination Loss of $200 Per Loan in 4Q18

March 26, 2019
Paul Muolo
Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”
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Allow the ‘GSE Patch’ to Expire, Think Tanks Recommend

March 26, 2019
Yemeng Yang
The CFPB introduced the GSE patch in 2014 as a temporary measure…
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Short Takes: Stearns Issues Expensive Debt / Counter-Cyclical? Not Always / MSR Impairments a Factor / Alterra Seeks a Controller / CFPB Taking Advisory Board Applications

March 26, 2019
Paul Muolo
Usually, mortgage banking is a counter-cyclical business, but not always...
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Fourth Quarter Income Down Sharply for Publicly Traded Nonbanks

March 25, 2019
John Bancroft
Two nonbanks that have been steady earners reported significant losses during the fourth quarter…
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Caliber Affiliate the Latest Issuer to Bring its Second ‘Expanded-Credit’ MBS of the Quarter

March 25, 2019
Brandon Ivey
The mortgages boast an average credit score of 736...
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Short Takes: The Mueller Report, the Legislative Calendar and the GSEs / No Kumbaya Moment Here / Let the Administrative Changes Begin / Better Enters FHA Market / The Market Doesn’t Love Us, So We’re Selling

March 25, 2019
Paul Muolo
And that means: two more years of hyper-partisan bickering on both sides and legislation only getting passed if there’s a bi-partisan consensus or a national emergency...
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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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