Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage September 25, 2018 Brandon Ivey and Paul Muolo Will FHA hike its premiums? Maybe, maybe not...Read More
IO Originations Spiked by 25 Percent in 2Q18 September 24, 2018 Brandon Ivey Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.Read More
Deephaven Set to Issue its Largest Nonprime MBS to Date September 21, 2018 Brandon Ivey Mortgages from 74 lenders will be included in the deal…Read More
Tough Times, but Wells Fargo Expects to Gain Lending Market Share September 20, 2018 Brandon Ivey Wells SVP John Shrewsberry: “In first mortgage, I would say, we should outperform whatever the market is delivering…”Read More
Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor September 19, 2018 Brandon Ivey Three nonbank lenders, all owned by PE firms, are key contributors to the deal…Read More
Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae September 19, 2018 Brandon Ivey and Paul Muolo On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.Read More
Wells Fargo Ready to Break its Jumbo MBS Drought September 17, 2018 Brandon Ivey Wells Fargo accounted for 15.0 percent of all jumbo mortgages originated during the first half of 2018…Read More
Redwood Queues Up Fourth ‘Expanded-Credit’ MBS Deal of the Year; 106 Lenders Provide Collateral September 14, 2018 Brandon Ivey Mortgage firms providing collateral for the new EC MBS include Fairway Mortgage, Guild Mortgage, PrimeLending and others…Read More
Questions Linger on Caliber and ‘Full Documentation’ September 14, 2018 Brandon Ivey The differences are tied to how the rating services define full documentation.Read More
Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board September 13, 2018 Brandon Ivey The number of mortgage lenders using technology from Blend has quadrupled in the past year…Read More