Potential Borrowers Overestimate Mortgage Qualification Requirements June 5, 2019 Brandon Ivey Even current mortgagors don't know the minimum requirements...Read More
Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent June 4, 2019 Paul Muolo and Brandon Ivey If only we had more GSE charters...Read More
California Still the Mother Lode for Fannie and Freddie June 4, 2019 John Bancroft The top three states in GSE business: California, Texas and Florida...Read More
With its Stock Price Fading, Mr. Cooper Says: We’re Okay but Thanks for Asking June 3, 2019 Paul Muolo Declining interest rates can be good news for lenders, but bad news for servicers... Read More
Production Profits Rebounded in 1Q19 June 3, 2019 John Bancroft Most of the gain came from a rebound at JPMorgan Chase,the nation's fifth-largest originator...Read More
What We’re Hearing: Waiting on Treasury’s GSE RFP / And the Advisory Contract Goes To… / Who Is Andrew Olmem? / Angel Oak’s New MBS / Losing Faith in Mr. Cooper (The Mortgage Company, Not the Teacher) / Hindman: Banks Fail When it Comes to Social Media May 31, 2019 Paul Muolo Will institutional investors like Berkshire Hathaway line up to buy a new class of stock issued by Fannie Mae and Freddie Mac? We may know soon... Read More
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
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