Just Because the CFPB is Assessing TRID, That Doesn’t Mean Changes Will Be Made December 3, 2019 Yemeng Yang The TRID rule can be changed but not completely eliminated…Read More
The Non-QM Outlook: Nothing But Blue Skies? December 2, 2019 Brandon Ivey Shea Pallante, executive vice president of Sprout Mortgage, called the non-QM market a “sleeping giant.” Read More
Third Quarter Brings a Decline in GSE Loan Buybacks December 2, 2019 John Bancroft Freddie repurchase activity has consistently exceeded Fannie levels since 2016… Read More
Short Takes: The Big Kahuna of Wholesale (Once Again): UWM / No Banks / Freddie Continues to Get Svelte / A Slight Uptick in New Applications November 27, 2019 Paul Muolo When it comes to wholesale/broker lending, not one depository ranked among the top five in 3Q19…Read More
Non-QM M&A: Who’s Next? November 27, 2019 Paul Muolo Some market watchers suspect that in the wake of Citadel Servicing striking a deal, other shops might be open to offers as well… Read More
An Impressive YoY Gain in MBS for Commercial Banks November 27, 2019 John Bancroft At Sept. 30, banks held another $38.07 billion of MBS in trading accounts…Read More
Credit Suisse Expands Lender Pool for Latest Non-QM MBS November 26, 2019 Brandon Ivey The first non-QM MBS from Credit Suisse's DLJ Mortgage Capital relied solely on loans from AmWest Funding. The new security from DLJ is backed by product from multiple lenders.Read More
Supreme Court to Hear CFPB Constitutionality Arguments in Early March November 26, 2019 Yemeng Yang In September, the CFPB changed its position on the issue, agreeing with the plaintiff that its own structure is unconstitutional.Read More
New GSE Loan Limits are Out: $510K-Plus for 2020 November 26, 2019 Dennis Hollier Special statutory provisions establish different GSE loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Read More
UWM a Huge Contributor to ‘Prime’ Non-Agency Jumbo MBS Issued by Others November 26, 2019 Brandon Ivey UWM doesn’t issue its own MBS, and instead contributes to deals issued by others, most notably, JPMorgan Chase. Read More