One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.

Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced.

loanDepot, one of the nation’s largest nonbank home lenders, has come to market with a $300 million warehouse-related securitization for its Mello digital lending division. Three of the deal’s five tranches have received ratings from Moody’s Investors Service. The other two were not rated.

Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.

The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…

Fannie Mae continues to mine for non-existent companies that might show up on the consumer loan applications submitted to its seller-servicers...

Warehouse executives speaking on a panel at this week’s annual Mortgage Bankers Association convention offered a somewhat bleak view of the market.

Ginnie EVP Maren Kasper said the agency is currently working on stress tests for its issuers and could have results by early December…

An affiliate of Annaly Capital Management is preparing to issue a $384 million mortgage-backed security stocked with non-qualified mortgages and loans for investment properties…

Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”