Tough Times, but Wells Fargo Expects to Gain Lending Market Share September 20, 2018 Brandon Ivey Wells SVP John Shrewsberry: “In first mortgage, I would say, we should outperform whatever the market is delivering…”Read More
Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor September 19, 2018 Brandon Ivey Three nonbank lenders, all owned by PE firms, are key contributors to the deal…Read More
Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae September 19, 2018 Paul Muolo and Brandon Ivey On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.Read More
Wells Fargo Ready to Break its Jumbo MBS Drought September 17, 2018 Brandon Ivey Wells Fargo accounted for 15.0 percent of all jumbo mortgages originated during the first half of 2018…Read More
Redwood Queues Up Fourth ‘Expanded-Credit’ MBS Deal of the Year; 106 Lenders Provide Collateral September 14, 2018 Brandon Ivey Mortgage firms providing collateral for the new EC MBS include Fairway Mortgage, Guild Mortgage, PrimeLending and others…Read More
Questions Linger on Caliber and ‘Full Documentation’ September 14, 2018 Brandon Ivey The differences are tied to how the rating services define full documentation.Read More
Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board September 13, 2018 Brandon Ivey The number of mortgage lenders using technology from Blend has quadrupled in the past year…Read More
Jumbo Servicing Balances Up by Almost 11 Percent Year Over Year September 12, 2018 Brandon Ivey Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past year…Read More
Many Lenders Plan on Keeping Underwriting Standards ‘As Is’ September 11, 2018 Brandon Ivey One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”Read More
Eager to Buy Jumbos, Redwood Offers a ‘Working Capital’ Option September 11, 2018 Brandon Ivey During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…Read More