NAR: New Fannie Rules Endanger Resort Area Borrowers February 25, 2021 Dennis Hollier New clarifications in Fannie's selling guide may cause some second homes and investment properties to be miscategorized as short-term rentals. Read More
New Leadership at Non-QM Aggregator Deephaven, Nichols Stays on at Pretium February 25, 2021 Brandon Ivey A former Goldman Sachs executive, Nichols is now co-head of Pretium’s residential credit business and executive board chair of Deephaven.Read More
The Gain-on-Sale Boom is Over. Now What? February 24, 2021 Paul Muolo According to Inside Mortgage Finance, some of the GOS declines suffered by individual shops have been steep, to say the least.Read More
On the Road to Recovery: The Non-QM Market February 24, 2021 Brandon Ivey Michael Nierenberg of New Residential Investment Corp. expects non-QM lending to be a bigger part of the firm's business going forward...Read More
A New Yearly High for the 10-Year; Applications Tumble, LOs Weigh In… February 24, 2021 Paul Muolo Of course, just because the 10-year moves that doesn’t mean mortgage rates will follow in lockstep.Read More
State Regulators Plan Streamlined Exams, Will Finish Standards for Servicers February 24, 2021 Brandon Ivey State regulators plan to launch a "one company, one exam" pilot for nonbank mortgage companies and issue standards for servicers...Read More
Kraningers’s QM Standards Put on Hold; ‘Seasoned’ Rule Could be Revisited February 23, 2021 Lisa Burden The bottomline: The current QM standards, including the GSE patch, will remain in effect.Read More
Higher Originations, Lower Net Earnings for Mr. Cooper. MSR 'Mark' at 100 BPs February 23, 2021 Paul Muolo Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.Read More
MFA Financial's 4Q Profit No Match for COVID Losses in 2020 February 23, 2021 Brandon Ivey MFA Financial took a large loss in 2020. Overall, the company didn't acquire many non-QMs during the fourth quarter...Read More
The Status of the CFPB’s QM Rule? March 1 is Just Around the Corner… February 22, 2021 Lisa Burden Attorney Brian Johnson of Alston & Bird: "It is entirely possible that under new leadership the agency would choose to adjust or rescind certain aspects [of the rule]...” Read More