Mixed Readings on COVID-19 Forbearance. MBA Reports a ‘Noticeable Increase’ in Call Volume June 16, 2020 Paul Muolo Black Knight reported: “At today’s level, mortgage servicers need to advance a combined $3.5 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances."Read More
FHFA to Re-Propose Financial Eligibility Requirements June 15, 2020 Dennis Hollier So far, the industry response has been positive, with a thumbs up coming from CMLA...Read More
Signs of Life in Public Bulk MSR Auctions? June 15, 2020 Paul Muolo According to the offering circular, the seller is a “well capitalized institution” based in California. Read More
Delinquencies on Non-QM MBS Spike. Impairment Rate North of 16% June 15, 2020 Brandon Ivey Self-employed borrowers had the worst performance, on average, followed by loans for investment properties... Read More
Short Takes: Quicken’s IPO, What Possibly Could Go Wrong? / Rock Solid Origination Margins / Post 2021? / Knock, Knock. Hi, We’re From Wall Street / Calabria’s Wise Observation June 12, 2020 Paul Muolo An island in the COVID-19 storm; Mortgage banking...Read More
Lenders Ponder FHA LLPAs. Reason: Forbearance June 11, 2020 Paul Muolo Others blanched at the price tag and are now pondering whether they should install new loan-level price adjustments, something FHA would not welcome.Read More
17 Trade Groups Tell HUD: How About No Indemnifications for FHA Forbearance Loans? June 10, 2020 Paul Muolo The Mortgage Bankers Association has been silent on the issue, until now... Read More
A Robust CA-CFPB Still in the Works, Despite Anticipated Budget Shortfall June 10, 2020 Yemeng Yang California is expecting a massive budget shortfall because of the pandemic, but remains committed to funding a robust state-level CFPB... Read More
Wells Brings the Second Jumbo MBS Deal of 2Q20 June 10, 2020 Brandon Ivey Wells Fargo is maintaining its steady issuance of jumbo MBS while other issuers largely avoid the market.Read More
RSS