Short Takes: Time for a Hearing on Why There’s No Housing Inventory / The Russians Invest in Mortgages / Angel Oak’s Latest MBS / A Nonprime REIT? / Eight New LOs for Minnesota MB November 13, 2017 Paul Muolo and Brandon Ivey Maybe a REIT is the way to go in nonprime...Read More
Senate’s Tax Reform Bill Maintains Higher Limit for Mortgage Interest Deduction but Housing Industry Warns of Other Faults November 10, 2017 Brandon Ivey NAR’s Mendenhall: such provisions “can turn the American Dream into a nightmare for families, as the rug is pulled out from under them.”Read More
SFIG Details Key Performance Indicators for Deal Agents on Non-Agency MBS November 9, 2017 Brandon Ivey While the concept was introduced more than a year ago, the specific duties for a deal agent remained a work in progress…Read More
Ellington Readies First Non-Agency MBS. Loans Supplied by LendSure Mortgage November 8, 2017 Brandon Ivey LendSure has financial backing from Ellington, among other investors…Read More
Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime' November 7, 2017 Brandon Ivey Redwood Trust plans to issue expanded-prime MBS on a regular basis…Read More
Housing and Mortgage Industries Call GOP Tax Plan a Dud for Homeownership November 3, 2017 Brandon Ivey The $1 million cap is grandfathered and will only affect loans taken out after enactment of the bill...Read More
Mortgage Brokers Poised to Gain Market Share? November 3, 2017 Brandon Ivey Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel.Read More
Ocwen Takes $6.1 Million Loss in Third Quarter but Results Could Have Been Worse November 2, 2017 Brandon Ivey The loss would have been worse if not for a one-time tax benefit of $23.2 million…Read More
Short Takes: GSE Reform? What’s the Rush? / Calabria, an FHFA Director Candidate? / Capping the Mortgage Interest Deduction at $500,000 / TCF to Buy Nonbank Mortgage Firm November 2, 2017 Paul Muolo, Brandon Ivey, and Carisa Chappell Mark Calabria is not exactly a fan of the GSEs...Read More
Redwood Set to Issue its Second ‘Expanded Prime’ MBS, Suggesting Strong Origination-Volume and Investor Demand November 1, 2017 Brandon Ivey The total unpaid principal balance for mortgages backing the deal has yet to be disclosed.Read More