Short Takes: Tennessee Bank Exiting Third-Party Production / Plaza Home Expands Non-QM Offerings / 23 Groups Want Expedited Vote on FHFA Nominee / Calabria Knows the Risks / The Signors Are… April 2, 2019 Paul Muolo and Brandon Ivey The letter does not specify what these new policies might be. Some type of administrative reforms, perhaps?Read More
Look Who’s Jumping Into the Non-QM Pool: JPMorgan Chase April 2, 2019 Brandon Ivey Up until now, JPMorgan has focused on securitizing QMs…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
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
Crapo’s GSE Plan Praised (More or Less). However… March 29, 2019 Yemeng Yang Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”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
Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job March 28, 2019 Paul Muolo and Yemeng Yang President Trump is concerned about the HECM program...Read More
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