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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...
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Non-QM Lenders and MBS Investors Looking to Regulators for Certainty

May 31, 2019
Brandon Ivey

Participants in the non-QM market are looking for guidance from federal regulators regarding the future footprint of the GSEs...


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The CFPB’s First Mortgage-Related Action Under Kraninger: Specialty Servicer BSI

May 30, 2019
Yemeng Yang

BSI is a speciality servicer that focuses on non-agency loans, but also processes Fannie/Freddie/FHA/VA paper...


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Angelo Gordon’s Non-QM MBS Includes Many CDFI Loans

May 30, 2019
Brandon Ivey

Angelo Gordon is set to include Community Development Financial Institution loans in its first non-QM MBS, prompting lower risk-retention requirements.


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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…


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Short Takes: First American’s Systems Exposed? / Forensic Team Hired / Whatever You Do, Don’t Treat Your Employees Like Family / Another New Hire for FHFA / GSE Preferred Shares Repaid?

May 28, 2019
Paul Muolo
FHFA hires a new legislative affairs director...
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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...


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Redwood Argues for Shifting GSE QM ‘Patch’ Business to Non-Agency Market

May 28, 2019
Brandon Ivey

Nearly 70% of the volume going to the GSEs due to the QM patch could be handled in the non-agency market without disrupting borrowers, according to a new SEC filing and presentation from Redwood.


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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?


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Short Takes: Profiting from GSE Reform / REO v. OREO / Hey, Did You Know What the Hippocampus Is, Wise Guy? / FHA Recovery Rates Can Vary / Chimera Preps New MBS Deal

May 22, 2019
Paul Muolo

In some reporting circles, OREO stands for "other" real estate-owned...


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