Feds Propose Increasing Residential Appraisal Exemption Threshold to $400,000 for Banks November 20, 2018 Brandon Ivey The appraisal exemption proposal needs final approval from the CFPB... Read More
Short Takes: Angel Oak is Hiring / Carrington Launches Correspondent Division / Applications Decline / 2 Non-QM MBS with Loans from Impac / MIAC Offers Whole Loans for Auction / A Short Publishing Break November 20, 2018 Paul Muolo and Brandon Ivey Carrington Mortgage this week announced the launch of its correspondent lending division. Read More
Cash-Out Refi Investment-Property Mortgages Collateral for New MBS November 20, 2018 Brandon Ivey Visio originates through the retail channel but also uses loan brokers… Read More
As Conventional Lending Slumps, Expanded-Credit Originations Fill the Void November 19, 2018 Brandon Ivey The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…Read More
Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager November 19, 2018 Paul Muolo, Brandon Ivey, and Yemeng Yang Rates were in a decline Monday morning...Read More
Non-Agency Jumbo Sector Loses Market Share in 3Q18 November 19, 2018 Brandon Ivey The decline in market share for jumbos has occurred as interest rates have risen.Read More
JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS November 15, 2018 Brandon Ivey Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…Read More
Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS November 15, 2018 Paul Muolo and Brandon Ivey If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.Read More
Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’ November 14, 2018 Brandon Ivey Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.Read More
PrimeLending Recruits LOs, Cuts Poor Performers November 13, 2018 Brandon Ivey As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.Read More