CFPB Unveils a 15-Month Delay in the Compliance Date of the QM Rule April 28, 2021 Lisa Burden The longer timeline allows lenders more time to offer QM loans based on a homeowner’s debt-to-income ratio and not solely based on certain pricing thresholds...Read More
New Top Lender (GR) Emerges in Prime Non-Agency MBS in 1Q21 April 26, 2021 Brandon Ivey United Wholesale Mortgage ceded the top spot after it stopped originating jumbos in March 2020 due to volatility from the coronavirus. Read More
Citi Resumes Aggregating Jumbos for MBS Issuance April 26, 2021 Brandon Ivey Citi started issuing expanded-credit MBS in 2020 but hasn't come to market with a jumbo deal since 2014. Read More
Short Takes: Shifting to a Purchase Market / FHA Small-Dollar Mortgage Bill Moving Through Congress / Mixed Forbearance Numbers / New Non-Agency Mortgage Conduit April 23, 2021 Brandon Ivey A rise in purchase-mortgage lending this year won't offset deflated refi volume ...Read More
1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold April 23, 2021 John Bancroft Driving the improvement (no pun intended): the auto lending and leasing sector.Read More
SFA Drafts Reporting Standards for Non-Agency MBS Servicers April 22, 2021 Brandon Ivey The voluntary standards are in response to complaints from non-agency MBS investors regarding disclosure of loan performance amid the pandemic. Read More
New Non-Agency MBS Issuer Offers Deal with Loans Originated by Owning April 19, 2021 Brandon Ivey PR Mortgage Investment is set to issue a $479.3 million non-agency MBS with conforming jumbos originated by Owning.Read More
An Origination Decline for Jumbo Specialist FRB April 16, 2021 Paul Muolo On the home-equity lending side of the aisle, the San Francisco-based bank funded $623.6 million worth of seconds, a slight increase from 4Q20...Read More
A Nice Comeback for Non-Agency MBS Issuance in 1Q21 April 16, 2021 John Bancroft JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance... Read More
Ending the GSE 'Patch': Now What? April 15, 2021 Dennis Hollier As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...Read More