A Large Debt Offering from Freedom Mortgage April 1, 2019 Paul Muolo The $250 million in debt is in the form of senior unsecured notes due in 2024. Read More
For Sale: $700M of ARMs. The Seller: A Credit Union April 1, 2019 Paul Muolo All of the loans are being sold servicing-retained...Read More
Loan Brokers Making Inroads in FHA/VA Lending April 1, 2019 John Bancroft The broker share of the market increased to 13.2% for all of last year…Read More
Commercial Bank Reliant Jumps into the Non-QM Pond March 29, 2019 Paul Muolo At first, Reliant Bank will be an aggregator… Read More
What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove March 29, 2019 Paul Muolo Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…Read More
Nonbanks Conquer Larger Share of New Agency MBS March 29, 2019 John Bancroft Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…Read More
GSE Share of High DTI Mortgages Nearly Doubled from 2015 to 2018 March 28, 2019 John Bancroft The FHA and VA loan programs also get special treatment under the ability-to-repay rule…Read More
How Long Will it Take for Treasury to Come Up with a GSE Plan? March 28, 2019 Paul Muolo Meanwhile, HUD needs to assess whether the HECM program should survive...Read More
Trade Organizations Seek a Change to the LO Comp Rule March 28, 2019 Yemeng Yang The current LO rule actually prohibits reductions in compensation…Read More
Concerns About Profit Margins Ease, Somewhat March 28, 2019 Brandon Ivey Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…Read More
RSS