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Subprime Servicing Portfolios on the Wane. Citadel Bucks the Trend

September 17, 2019

Ocwen Financial remains the largest subprime servicer in the nation with a portfolio north of $62 billion…


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Short Takes: GSE Investors Happy (For Now) / How Much Did the Blueprint Change? / Loan Limits on GSE MF Loans? / JPM’s Investment Property MBS / Insellerate Hires Ex-Ellie Mae Official

September 16, 2019
Paul Muolo and Brandon Ivey

One Fannie/Freddie historian reminded us recently that there used to be a conforming loan limit for GSE multifamily loans. The big question: Why did it disappear?...


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Jumbo Servicing Continues Its Steady Growth

September 16, 2019
Brandon Ivey

Ocwen Financial’s jumbo servicing portfolio nearly doubled in the past year, though that’s due to the acquisition of PHH…


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Home-Equity Lending Up 27% in 2Q19. However…

September 16, 2019
John Bancroft

In terms of new HELOC commitments for the second quarter, Bank of America led the pack with $2.77 billion, followed by Wells Fargo ($1.91 billion) and Citizens Bank ($1.50 billion).


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Angelo Gordon Brings Another Non-QM MBS with CDFI Loans

September 16, 2019
Brandon Ivey

CDFI loans reduce the amount of risk Angelo Gordon is required to retain from the MBS.


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Short Takes: Net Worth Sweep on Last Legs? / MBS and ABS Weather Next Recession / Boosting Innovation in Lending / New HMDA Data

September 13, 2019
Dennis Hollier

FHFA modifies multifamily caps to help keep Fannie and Freddie from crowding out private investment.


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Redwood Trust Chimes in on the Patch

September 12, 2019
Brandon Ivey

“The QM patch expiration presents an opportunity for regulators to streamline certain rules to put the housing-finance sector on the best possible footing going forward,” Redwood said.


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Industry Reserves Comment on Housing-Finance Reform Plan

September 12, 2019
Dennis Hollier
While most in the industry held back their comments, Milken Institute Director Eric Kaplan said the plan’s focus on capitalization of Fannie Mae and Freddie Mac makes it looks like the release of the GSEs is really in the cards.
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Treasury Calls for End of GSE Patch

September 12, 2019
Yemeng Yang

"The QM patch should be replaced with a bright-line safe harbor that does not rely on the GSEs’ practices,” the Treasury Department said.


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Short Takes: Ginnie Reinstates Issuers / HMDA Data Publicly Available / USDA Funds Unused

September 12, 2019
Dennis Hollier

Ginnie Mae monitoring prepayment speeds.


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