A Profit Decline for Top-Ranked Warehouser Texas Capital January 24, 2019 Paul Muolo Mortgage finance assets comprise 32.0 percent of Texas Capital's asset base...Read More
Short Takes: Bob Ryan Staying Put at FHFA / Treasury Likes Moelis? / 24 Million Banking and Mortgage Documents Exposed? / Something to Worry About / Not Collecting a Paycheck at Ginnie January 24, 2019 Paul Muolo Will the Moelis plan be the one?Read More
Fate of the GSE ‘Patch’ Undecided Despite its Importance January 23, 2019 Dennis Hollier Joe Pigg of the American Bankers Association is among those expressing concern about the high DTIs of loans under the GSE patch…Read More
Nonbanks Step Up Efforts with Non-Agency Products January 23, 2019 Brandon Ivey More nonbanks, including the top-ranked PennyMac, are growing comfortable with non-QMs…Read More
IRS Confirms that Lenders Are Eligible for New 20 Percent Deduction (in Some Instances) January 22, 2019 Brandon Ivey The IRS, however, doesn’t address whether lenders that purchase mortgages are eligible for the deduction.Read More
Don’t Look Now but Jumbo LTVs are on the Rise: 76 Percent and Climbing… January 22, 2019 Brandon Ivey However, the rise in the LTV ratio occurred as issuance volume declined…Read More
What We’re Hearing: GAO Worries About Fannie & Freddie / The Return of Jeb Hensarling / Top-Ranked Nonbank Enters the HELOC Market / Quicken Courts the Refi Market / Eddy Perez to Head MORPAC / Take Our Salary Survey January 18, 2019 The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...Read More
Angel Oak Preps Largest Post-Crisis Nonprime MBS January 18, 2019 Brandon Ivey Some 51.1 percent of the loans were underwritten using borrower bank statements. Read More
ABS Issuance Hits Post-Crisis High Despite Soft Landing January 18, 2019 John Bancroft The only ABS to show increased production in 4Q18 were deals backed by business loans.Read More
Government Shutdown Causing Uncertainty for ABS, MBS Issuers January 18, 2019 Brandon Ivey Mayer Brown attorneys said because of the government shutdown SEC staff is not available to review and accelerate the effectiveness of registration statements…Read More
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