A Profit Decline for Top-Ranked Warehouser Texas Capital January 24, 2019 Paul Muolo Mortgage finance assets comprise 32.0 percent of Texas Capital's asset base...Read More
Short Takes: Bob Ryan Staying Put at FHFA / Treasury Likes Moelis? / 24 Million Banking and Mortgage Documents Exposed? / Something to Worry About / Not Collecting a Paycheck at Ginnie January 24, 2019 Paul Muolo Will the Moelis plan be the one?Read More
Redwood to Acquire 5 Arches, Originator of ‘Business-Purpose’ Loans January 23, 2019 Brandon Ivey Redwood estimates that 5 Arches will originate $900 million to $1 billion in loans this year…Read More
Fate of the GSE ‘Patch’ Undecided Despite its Importance January 23, 2019 Dennis Hollier Joe Pigg of the American Bankers Association is among those expressing concern about the high DTIs of loans under the GSE patch…Read More
Nonbanks Step Up Efforts with Non-Agency Products January 23, 2019 Brandon Ivey More nonbanks, including the top-ranked PennyMac, are growing comfortable with non-QMs…Read More
Short Takes: Amazon Interested Still? / MBA Reduces Origination Forecast / GOS to Widen? / Annaly Readies Non-Agency MBS / Ellington Weighs in on REIT Conversion / Existing Home Sales Decline / Promotions and New Hires at MGIC and Closing Corp January 23, 2019 Paul Muolo and Brandon Ivey MBA reduces its origination forecast for 2019, ever so slightly...Read More
IRS Confirms that Lenders Are Eligible for New 20 Percent Deduction (in Some Instances) January 22, 2019 Brandon Ivey The IRS, however, doesn’t address whether lenders that purchase mortgages are eligible for the deduction.Read More
Flagstar Sees Residential Originations Plummet January 22, 2019 Paul Muolo Flagstar CEO Alessandro DiNello: “Our mortgage business was softer than we expected."Read More
Don’t Look Now but Jumbo LTVs are on the Rise: 76 Percent and Climbing… January 22, 2019 Brandon Ivey However, the rise in the LTV ratio occurred as issuance volume declined…Read More
Government Shutdown Impedes Ginnie Liquidity Letters, More January 22, 2019 Paul Muolo Ginnie Mae hasn’t had a permanent president it two years. It may never have one in the Trump administration...Read More
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