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
Little Change in MBS Characteristics in 3Q17 November 1, 2017 Brandon Ivey Flagstar Bank was the top originator of loans that fed prime non-agency MBS in the third quarter…Read More
Prime Non-Agency MBS Issuance Catches Fire in October October 31, 2017 Brandon Ivey In the Chase MBS, 44.3 percent of the loans were originated by correspondents…Read More
Deephaven Brings New Nonprime MBS with Angel Oak as Top Contributor October 31, 2017 Brandon Ivey It’s Deephaven’s third nonprime MBS deal of the year…Read More
Sharp Differences in Denial Rates for Jumbos; Some Nonbanks Have Turn-Downs North of 40 Percent October 30, 2017 Brandon Ivey In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent. Read More
Momentum Building for Housing-Finance Reform? Yes, No, Maybe? October 27, 2017 Brandon Ivey Joshua Rosner, managing director of Graham Fisher & Co., said his discussions with Trump officials and members of Congress suggest that the administration’s reform principles won’t be released until early next year…Read More
Coming Soon: The Trump Administration’s ‘Principles’ on GSE Reform October 25, 2017 Brandon Ivey Look for any principles on GSE reform to avoid specificity so as not to box-in legislation being drafted in Congress…Read More
Short Takes: MBA CEO Dave Stevens Announces Retirement / The Search for a Successor Begins Now / MBA Bullish on Purchase Lending, Refis Not So Much / All Hail Peyton / President Bolts PrimeLending for Nonbank October 25, 2017 Paul Muolo and Brandon Ivey Who will replace Dave Stevens at MBA? The speculation has already begun...Read More