HomeStreet’s Originations Declined in 4Q, but Mortgage Net Income Boosted by Tax Changes January 23, 2018 Brandon Ivey HomeStreet ranks 41st among all residential lenders, according to Inside Mortgage Finance…Read More
Redwood’s Net Income Increased as the REIT Boosted ‘Expanded-Credit’ Activity January 22, 2018 Brandon Ivey Redwood said profit margins exceeded its "long-term expectations" of 75 to 100 basis points...Read More
Short Takes: Fannie, Freddie and the Government Shutdown / Ginnie Mae Down to a Skeleton Crew? / Sorry, Call Later When We’re Open / But the CFPB is Open for Business / New LOs for Mortgage Network January 22, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler HUD tells the mortgage industry: “Due to the federal government shutdown, the information on this website may not be up to date…”Read More
Behind the Trump Tax Changes: Revised Treatment of Rate-Lock Commitments and Hedges January 19, 2018 Brandon Ivey IRLCs generally last 30 to 60 days, with lenders agreeing to make a mortgage at a particular interest rate prior to funding the loan.Read More
Galton Funding Tests the Non-Agency MBS Waters January 18, 2018 Brandon Ivey Most of the mortgages in the MBS were underwritten with full documentation…Read More
In 4Q17, A Sharp Increase in Prime Jumbo MBS, and Expanded-Credit Deals January 17, 2018 Brandon Ivey Expanded-credit MBS – which include loans with alternative documentation, non-qualified mortgages and nonprime loans – hit $4.08 billion in 2017…Read More
New Prime Jumbo MBS from Chase Smaller than Previous Deals January 16, 2018 Brandon Ivey In the new MBS, 41.9 percent of the mortgages were eligible for sale to Fannie Mae and Freddie Mac…Read More
Short Takes: GSE Reform, Yes. Passage? No / Galton’s Return to Nonprime / Citi’s Incredibly Shrinking MSR Portfolio / Legislative Reg Relief On the Way? / English Wants Expedited Review in CFPB Appeal January 16, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler GSE reform may emerge from the Senate Banking Committee, but as for final passage...Read More
PennyMac Enters Broker Channel Looking for Growth in Purchase Mortgages and Jumbos January 12, 2018 Brandon Ivey After some delays, PennyMac Financial Services launched its broker channel operations this week. Read More
Latest MBS from New Residential Viewed More Favorably than Previous Deal January 10, 2018 Brandon Ivey A planned mortgage-backed security from New Residential Investment received much higher ratings than a similar deal issued by the firm in 2016.Read More