MBA Cautions Against Defining All Loans Held in Portfolio as Qualified Mortgages March 29, 2017 Brandon Ivey The portfolio QM proposal is supported by many Republicans along with some Democrats...Read More
Why Lenders Are Avoiding ‘Next Gen’ Tech Providers: the Costs are Too High March 29, 2017 Brandon Ivey The most prevalent users of next-gen tech were large and mid-sized lenders…Read More
Prepayment Rate on Mortgages in Jumbo MBS Close to Rate on Conforming Loans March 28, 2017 Brandon Ivey BAML suggested that one of the reasons prepayment speeds on jumbos have been relatively slow is the presence of self-employed borrowers…Read More
As Originations Decline, Lenders Concerned About Competition and Lower Profits March 27, 2017 Brandon Ivey Issues involving regulatory compliance have declined significantly under the Trump administration.Read More
Grants Help Launch 15 New Mortgage Brokerage Shops March 27, 2017 Brandon Ivey The NAMB KickStart program provides a grant of up to $10,000 to help a mortgage broker launch his or her own shop. The money comes from UWM.Read More
Proposal to Curb ‘Rating Shopping’ Met with Skepticism March 24, 2017 Brandon Ivey Esaki and White propose allowing issuers to choose any number of rating services to submit credit support levels for a particular MBS or ABS, paying a bid-preparation fee for each estimate.Read More
SFIG Plots Next Steps in Effort to Revive Non-Agency MBS Market March 23, 2017 Brandon Ivey SFIG’s said its RMBS 3.0 task force will be holding calls during the next two weeks to discuss ongoing work in the latest areas of focus…Read More
Bank Holdings of First Liens Increased in 4Q16 – Ever So Slightly March 22, 2017 Brandon Ivey It appears that depositories are growing their portfolios by adding jumbo mortgages along with loans eligible for sale to Fannie Mae and Freddie Mac…Read More
Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well March 22, 2017 Brandon Ivey and Paul Muolo Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…Read More
Still Rising: Retail Channel Accounts for 81.6 Percent of Jumbo Originations March 21, 2017 Brandon Ivey Roughly $72.09 billion of jumbo mortgages were originated in the fourth quarter, down 3.4 percent on a sequential basis.Read More