Short Takes: FHFA IG Probe of a Conflict by a Fannie Mae Executive? / Watt Says He Agrees with Two Recommendations in the IG Report / AMC in a Growth Mode / An Upgrade on Verus MBS / A Promotion at Altisource July 30, 2018 Paul Muolo, Brandon Ivey, and Carisa Chappell In response to IG Report, FHFA Director Mel Watt said he agrees to “both” the recommendations made by IG Laura Wertheimer and will implement them…Read More
Annaly Packs More Non-QMs into Latest MBS, Tapping Production from 125 Lenders July 27, 2018 Brandon Ivey Mortgages from 125 lenders will be included in the MBS, led by Quicken Loans with a 12.8 percent share…Read More
MBA Pushing States to Quickly Implement Transitional Licenses for Loan Originators July 27, 2018 Brandon Ivey It could take states 18 months to implement the transitional license regime, according to MBA’s Pete Mills…Read More
Ocwen Share Price in a Freefall After Reporting a $29.8 Million Loss for 2Q18 July 26, 2018 Brandon Ivey As the merger with PHH moves closer, Ocwen continues to bleed red ink...Read More
Freddie Official: Big Data and Advanced Analytics will Change the Business July 25, 2018 Brandon Ivey Chris Boyle, chief client officer at Freddie Mac: “I don’t know how half of you make money.”Read More
Redwood to Raise $103 Million with Sale of Common Stock July 24, 2018 Brandon Ivey With the stock sale pending, Redwood disclosed preliminary details about its earnings for the second quarter…Read More
Moody’s Raises Concerns About Prime Non-Agency MBS Due Diligence Review Trend July 23, 2018 Brandon Ivey Moody’s: Reps and warrants aren’t as effective as reviewing every mortgage in a deal pre-securitization…Read More
Originations May be Slowing (Compared to 2017) but Investor Demand is Strong July 20, 2018 Brandon Ivey Don Brown of Optimal Blue: The industry is “at or near a high-water mark” in terms of the number of mortgage investors.Read More
Short Takes: Investors Unite is Not Happy / Are the GSEs ‘Zombie’ Like? / Non-QM Lender Verus Hikes Loan Cap to $5 Million / LoanSnap Raises More Capital / A New Hire for Servicing Advisor MorVest July 19, 2018 Paul Muolo and Brandon Ivey Of course, there are some in the industry who will argue Fannie and Freddie are hardly zombie-like at all...Read More
MBA Chairman-Elect: Lenders in a Game of ‘Chicken’ on LO Compensation July 18, 2018 Brandon Ivey MBA Chairman-Elect Chris George said the CFPB could make some adjustments to LO comp regulations, providing lenders with more flexibility…Read More