Roughly 26 Percent of Home Lenders are Using AI, Machine Learning October 11, 2018 Brandon Ivey Use of artificial intelligence seems to be concentrated at nonbanks…Read More
Short Takes: Why Stocks Need to Come Down / Unwinding the Massive Tax Cuts / President Hickenlooper? / Capital Alpha Weighs In / Behind the Scenes at Wells Fargo / New Hires for DIMONT October 11, 2018 Brandon Ivey and Paul Muolo The massive tax cuts the president and GOP bestowed on the nation late last year have spurred economic progress. It’s hard to argue with that, but...Read More
GSEs on Track to Start Issuing Single Security in June, Additional Guidance Pending… October 10, 2018 Brandon Ivey Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security. Read More
Wells Fargo is Back! Megabank Launches First Post-Crisis Non-Agency MBS October 10, 2018 Brandon Ivey New nonagency deals are pending from loanDepot and New Residential as well…Read More
Short Takes: Michael Bright, the Next FHFA Director? / Waiting on Senate Confirmation (Still) / A Former GSE Exec and The Play Set Scandal / Sears and Fairholme / HSBC Settles with DOJ / A New Hire at CMG Financial October 10, 2018 Brandon Ivey and Paul Muolo HSBC will pay $765 million to settle charges brought by the Department of Justice...Read More
DBRS: Losses on Non-QM MBS are Rare, Investors Feel Protected October 9, 2018 Brandon Ivey Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…Read More
One-Month Bank Statement Mortgages Questioned October 8, 2018 Brandon Ivey A handful of lenders offer one-month bank statement programs…Read More
Short Takes: Waiting on a Client / Layoffs at Eli Global? / Bonuses: Based on Volume or Profits? / New Penn Rolls Out New Non-QM Loan / NewDay Hires a Former Governor October 8, 2018 Brandon Ivey and Paul Muolo One source familiar with Eli Global’s mortgage operations said layoffs have occurred at the company’s mortgage unit...Read More
Expanded-Credit MBS Issuance Up in 3Q, Prime Non-Agency Down October 5, 2018 Brandon Ivey Issuance trends for non-agency mortgage-backed securities stocked with newly-originated mortgages were mixed in the third quarter....Read More
Former Redwood CIO Joins Shared-Appreciation Firm, Will Develop Securitization Outlet October 4, 2018 Brandon Ivey EquiFi plans to license its shared equity product to other originators…Read More