Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance October 17, 2018 Paul Muolo, Brandon Ivey, and Yemeng Yang Budget cuts coming to HUD?Read More
Flagstar Readies Non-Agency MBS Stocked with GSE-Eligible Loans for Investment Properties October 16, 2018 Brandon Ivey Some 78 percent of the loans are GSE-eligible mortgages for investment properties…Read More
Mortgage Venture Partners Plans to Buy Nonagency Loans with an Eye Toward Securitization October 12, 2018 Brandon Ivey Mortgage Venture Partners is also working on a non-qualified mortgage jumbo second lien product…Read More
Quicken Loosens Underwriting on Jumbos October 12, 2018 Brandon Ivey For jumbo cash-out refis, Quicken is now allowing for combined loan-to-value ratios up to 80.0 percent on loan balances up to $1.0 million.Read More
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 Paul Muolo and Brandon Ivey 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 Paul Muolo and Brandon Ivey 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