Short Takes: Arch has Some ‘Fairly Well Developed’ Plans / Auditing the FHA MMIF / New Residential May Become a Player in Ginnie MSRs / Consumer Advocates Not Happy / Top VA Official Departs Agency for PenFed February 14, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler Look for New Residential to become a buyer of Ginnie Mae servicing packages...Read More
Redwood Set to Issue One of its Largest Jumbo MBS Deals Ever (Post-Crisis Era) February 13, 2018 Brandon Ivey The GSE-eligible loans have an average unpaid principal balance of $549,259 while the non-agency mortgages have a UPB of $703,898…Read More
A Rosy Picture: Strong Performance for Non-QMs in MBS February 13, 2018 Brandon Ivey The average credit score on loans in expanded-credit MBS issued in 2016 and 2017 was 704.9, according to a new analysis by Inside Nonconforming Markets.Read More
Origination of Non-Agency Jumbos Fell 18 Percent in 2017 February 12, 2018 Brandon Ivey Wells Fargo had a more diverse product mix than its nearest rivals…Read More
PennyMac Financial Posts a $123.9 Million Profit in 4Q, Originations Down by 10.0 Percent; Lender Set to Launch New Products February 9, 2018 Brandon Ivey PennyMac originated $17.04 billion of home mortgages in the fourth quarter, largely through the correspondent channelRead More
Better Mortgage Launches Refi Program for Airbnb Hosts, Providing Favorable Treatment to Income from Primary Residences February 8, 2018 Brandon Ivey Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months...Read More
TIAA Preps Jumbo MBS with Loans Originated by Unit Formerly Known as EverBank February 6, 2018 Brandon Ivey In recent years, only two other banks have issued jumbo MBS: JPMorgan Chase and Flagstar...Read More
Redwood Brings Largest Expanded-Prime Jumbo MBS to Date February 5, 2018 Brandon Ivey The MBS will include credit enhancement of 10.0 percent on the senior tranche, similar to other expanded-prime MBS from Redwood.Read More
Widespread Support for HFSC Portfolio QM Bill January 31, 2018 Brandon Ivey However, at the markup, the bill was amended to limit the types of mortgages that will receive QM status.Read More
More Lenders Contributing to Prime Jumbo MBS; Flagstar Becomes a Player January 30, 2018 Brandon Ivey Flagstar contributed $1.02 billion to jumbo MBS last year, or 9.4 percent of the total market…Read More