Banks and Thrifts Losing Interest in Non-Mortgage ABS? May 31, 2019 John Bancroft TD Bank was the largest depository holder of non-mortgage ABS at the end of March, according to a new ranking from Inside MBS & ABS...Read More
Fitch Gives Freedom Mortgage a Thumbs Up May 31, 2019 Paul Muolo Fitch: Freedom will buy RoundPoint with cash on hand and "available" capacity on existing lines of credit...Read More
Refinances Up Sharply in 1Q19, but Purchase Lending Remains the Backbone May 30, 2019 John Bancroft Most of the pickup in refi business during 1Q19 came from rate-term transactions... Read More
Another Decline for Expanded-Credit Originations May 29, 2019 Paul Muolo The top five EC producers include U.S. Bank, Angel Oak, Redwood Trust, Citadel Servicing Corp., and New Rez…Read More
Consolidation of a Different Sort: Morningstar Agrees to Buy DBRS for $669 Million May 29, 2019 Paul Muolo In a statement, Morningstar said over the short-term, the acquisition will change nothing and it will be “business as usual.” Read More
A Slight Dip in Jumbo Production May 28, 2019 Brandon Ivey Bank of America overtook JPMorgan Chase as the second largest jumbo lender in the nation...Read More
FHA/VA Loan Quality Turns Riskier in 1Q19 May 28, 2019 John Bancroft In the FHA market, the average credit score for refi loans fell to just 659.5 in the first quarter, compared to 668.8 for purchase loans…Read More
It’s Official: Freedom Set to Buy RoundPoint, Creating a Top-10 Ranked Servicer May 24, 2019 Paul Muolo Earlier this month, Inside Mortgage Finance broke the news that the two firms were in talks...Read More
The Love Affair Gets Serious: Bank Holdings of MBS Set a New Record May 24, 2019 John Bancroft Most of the first-quarter MBS gains came in holdings of Fannie Mae and Freddie Mac pass-throughs…Read More
Short Takes: On the GSE Gas Pipe: Cash-out Refis? / A Mouthwatering Wholesale Market Share for UWM / Non-QM Funders Move Up / ‘Linked-Notes’ from MGIC / Mortgage Apps Up, New Homes Sales Down May 23, 2019 Paul Muolo Should Fannie and Freddie be allowed to purchase and securitize cash-out refis?Read More
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