Non-QM MBS Performance Improves Slightly in August September 30, 2020 Brandon Ivey The impairment rate on non-QM MBS declined by 70 basis points in August even as enhanced unemployment benefits ended in late July.Read More
Mortgage Beneficiaries of the COVID Crisis: Nonbanks, Smaller Shops September 29, 2020 John Bancroft Fun fact: With correspondent losing share, many small and mid-sized firms began selling directly to the GSEs... Read More
GSE Use of eMortgages Spikes but Remains Miniscule Overall September 29, 2020 Dennis Hollier In other words, all that chatter about an end to paper document is overblown. Read More
MBA Blames Dicey Jobs Market for Lack of Forbearance Exits September 28, 2020 Paul Muolo According to Black Knight, as of Sept. 22, 3.6 million mortgagors were in some type of relief program.Read More
United Wholesale, Home Point Providing Funding for New Broker Shops September 28, 2020 Brandon Ivey The grant program for minorities and women is being administered by the Association of Independent Mortgage Experts. Read More
Need Underwriters and Processors? Be Prepared to Pay Up September 28, 2020 Paul Muolo When did the salary inflation start? Back in April — when the COVID-19 pandemic accelerated in the U.S....Read More
Mortgage Buybacks by Banks Could Hit New Annual Low This Year September 28, 2020 John Bancroft The trend of sharply declining repurchases commenced in 2014 as investors and sellers began settling buyback claims on mortgages dating back to before the financial crisis.Read More
Short Takes: In Focus: Big News for Brokers / Investing in Technology / The Rankings / The Readings / An Auction From MIAC September 25, 2020 Paul Muolo Fun fact: Among the top 10 wholesalers, not one is a depository…Read More
JPM Stocks Latest Prime Non-Agency MBS with High LTV Loans September 25, 2020 Brandon Ivey Mortgages in the deal have an average combined LTV ratio of 87.8%.Read More