Moody’s Raises Concerns About Prime Non-Agency MBS Due Diligence Review Trend July 23, 2018 Brandon Ivey Moody’s: Reps and warrants aren’t as effective as reviewing every mortgage in a deal pre-securitization…Read More
Originations May be Slowing (Compared to 2017) but Investor Demand is Strong July 20, 2018 Brandon Ivey Don Brown of Optimal Blue: The industry is “at or near a high-water mark” in terms of the number of mortgage investors.Read More
Short Takes: Investors Unite is Not Happy / Are the GSEs ‘Zombie’ Like? / Non-QM Lender Verus Hikes Loan Cap to $5 Million / LoanSnap Raises More Capital / A New Hire for Servicing Advisor MorVest July 19, 2018 Paul Muolo and Brandon Ivey Of course, there are some in the industry who will argue Fannie and Freddie are hardly zombie-like at all...Read More
MBA Chairman-Elect: Lenders in a Game of ‘Chicken’ on LO Compensation July 18, 2018 Brandon Ivey MBA Chairman-Elect Chris George said the CFPB could make some adjustments to LO comp regulations, providing lenders with more flexibility…Read More
Nonprime Mortgage Executive Calls Investor Demand ‘Unlimited’ July 17, 2018 Brandon Ivey Some Wall Street firms are now quietly extending repo lines to originators of non-QMs...Read More
Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction July 16, 2018 Paul Muolo, John Bancroft, and Brandon Ivey Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...Read More
Non-Agency MBS (Backed by New Production) Hits Another Quarterly Record July 16, 2018 Brandon Ivey Prime jumbo mortgages continue to account for the majority of non-agency MBS issuance…Read More
Wells’ Mortgage Originations Down in 2Q, Bank Set to Include Some Jumbos in Non-Agency MBS July 13, 2018 Brandon Ivey While originations increased on a quarterly basis, Wells reported lower mortgage banking income and a shrinking production margin. Read More
Mnuchin Hoping for Congress to Complete Bipartisan Housing Finance Reform in Next Term July 13, 2018 Brandon Ivey Congress should complete bipartisan housing finance reform during the two year term that begins in January, according to Treasury Secretary Steve Mnuchin...Read More
Latest Expanded-Prime MBS from Redwood Somewhat Smaller than Previous Deals July 13, 2018 Brandon Ivey Sequoia Mortgage Trust 2018-CH3 will be a $416.96 million issuance, according to a presale report by Kroll Bond Rating Agency.Read More