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A Biden Victory Means Two Things: Kraninger’s Departure and Tougher CFPB Enforcement

October 9, 2020
Yemeng Yang

A Supreme Court ruling in June backed the president’s power to remove the CFPB director without evidence of wrongdoing.


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IPO-Bound Nonbanks Voice Their Concerns on Servicing Advances

October 9, 2020
Brandon Ivey

Caliber is worried that if interest rates rise from current levels, the volume of prepayments and mortgage payoffs is likely to decline, which will reduce the cash available to fund servicing-advance obligations.


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Mortgage IPO Mania. Will It End Badly?

October 8, 2020
Paul Muolo

Consultant David Lykken believes how well a lender can downsize its operations when business slows will determine whether its stock price gets crushed...


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The Records Keep Falling: Agency MBS Topped $914B in 3Q20

October 8, 2020
John Bancroft

The agencies securitized almost $592 billion of single-family refi loans, a 17.8% increase from 2Q. Refis accounted for 64.7% of the market during the third quarter. However, purchase-mortgage activity increased more in percentage terms...


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CFPB Rescinds 2015 MSA Bulletin. However...

October 8, 2020
Yemeng Yang

The rescission of the bulletin does not mean MSAs are presumably legal. Instead, it will depend on how the business relationship is structured and implemented.


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Short Takes: Warning Signs for Non-QM? / Will the GOP and Dems Compromise? / It’s All About the GOS / Targeting the NPL Market

October 7, 2020
Paul Muolo and Brandon Ivey

The 10-year Treasury currently is offering a yield of 0.77%, the highest reading since early June…


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An Up Week for New Applications. 2021 Looks Promising?

October 7, 2020
Paul Muolo

One thing seems universal: originators are swamped with applications and inquiries, but are short of workers...


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Asset Manager Readies Its First Non-QM Deal

October 7, 2020
Brandon Ivey

Imperial Fund, an asset management company, is affiliated with A&D, a non-QM lender.


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A Milestone Reached: Loan Broker Employment Tops 100K

October 6, 2020
Paul Muolo

Year over year, full-time positions have grown by an impressive at 20.0%...


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Another Byproduct of the Boom: The Highest Securitization Rate in Seven Years

October 6, 2020
John Bancroft

Fannie and Freddie securitized $556.2 billion of single-family loans that were aged three months or less when the MBS was issued, a whopping 81.0% increase from the prior quarter.


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