Brokers Wanted to Send a Message to Wholesalers, Starting a ‘BRAWL’ October 20, 2017 Brandon Ivey BRAWL chief Tony Casa said if loan brokers want to send a message to firms that operate in both wholesale and retail, brokers should take their business elsewhere.Read More
GOP Critical of Fannie/Freddie QM Exemption October 20, 2017 Brandon Ivey FHFA chief Mel Watt acknowledged the advantage provided to GSE-eligible mortgages...Read More
Freddie Mac Pushes Back Against Criticism on Its Use of Equifax October 19, 2017 Brandon Ivey However, officials at Freddie said the claims regarding the GSE and Equifax lacked context.Read More
Mortgage Due Diligence Firms Open to Working Together to Standardize Reporting October 19, 2017 Brandon Ivey Each due diligence firm applies its own interpretation of compliance...Read More
Arch Continues Re-Insurance Transactions Started by UG; New Issuance the First to Receive a Rating October 18, 2017 Brandon Ivey Mortgages delivered to the GSEs with an unpaid principal balance of $29.30 billion are included in the transaction.Read More
Short Takes: The Little Guy Gets a G-Fee Break / A Coming Spike in G-Fees? / More Financial Maneuvers by Radian / A Hot Streak for Non-Agency Prime MBS / A Stock Market Crash Warning from Treasury Secretary Mnuchin October 18, 2017 Paul Muolo and Brandon Ivey Might this suggest that g-fees charges could spike next year when zero hour comes?Read More
Redwood Aims for Jumbos Outside of Banks’ Focus October 17, 2017 Brandon Ivey Redwood’s Choice loan program allows for debt-to-income ratios of up to 49.9 percent while the limit for Select is 43.0 percent…Read More
Surprise: Prime Non-Agency MBS Issuance Spiked in the Third Quarter October 16, 2017 Brandon Ivey The nonprime MBS category includes some deals better categorized as Alt A…Read More
Citadel Receives Ratings from Morningstar; Look for a Nonprime MBS in January October 16, 2017 Brandon Ivey Morningstar said the company’s underwriting process, quality control and compliance functions were factors in the rankings… Read More
Short Takes: Residential Production Plunges at Citi / MSR Holdings Down Too / But a Nice Profit for 3Q17 / JPMorgan Readies New Non-Agency MBS / Ocwen Exiting Wholesale Channel / Fannie Announces New NPL Auctions October 12, 2017 Paul Muolo and Brandon Ivey Citi’s third-party servicing portfolio is down to $49.1 billion from $147.6 billion at Sept. 30, 2016...Read More