House FSC to Work on GSE Reform Again. (Hint: It Looks like the PATH Act) September 19, 2017 Brandon Ivey At the ABS East show, Rep. Barr didn’t provide further details about Republican plans for the GSEs…Read More
Caliber Ramps Up Non-QM Lending Big Time September 19, 2017 Brandon Ivey Caliber plans to originate at least $1 billion of non-QM residential loans this year…Read More
Short Takes: About Those GSE Dividend Payments… / The Man Wants to be Paid / Record Attendance at ABS East / LendingTree Buys Snap Capital / Webster Gets a New President September 19, 2017 Paul Muolo and Brandon Ivey In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?Read More
CFPB Official Tells ABS East Attendees: Show Us Data on How Consumers Have Been Harmed September 18, 2017 Brandon Ivey “We want to know if there are impediments because of our rules,” said CFPB Policy Analyst Patrick Orr…Read More
Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network September 18, 2017 Paul Muolo, George Brooks, and Brandon Ivey The FHA nominee had been a Radian director since 2012…Read More
Redwood Sourcing ‘Expanded Prime’ Jumbos from Hundreds of Correspondents September 14, 2017 Brandon Ivey Redwood Trust has approved 185 originators to sell Choice loans directly…Read More
Another Bank May Enter the Jumbo MBS Market, Signaling a Potential Shift from Portfolio Retention September 14, 2017 Brandon Ivey “We’ve gotten wind that we could see at least one other large money center bank enter the securitization markets,” said Christopher Abate of Redwood Trust…Read More
Short Takes: The RNC is on Board with Fannie and Freddie Building Capital / GSE Investors Might be Sitting Pretty / Shellpoint’s Jumbo Deal / Applications Spike / Irma CMBS Damage Update September 14, 2017 Paul Muolo, Brandon Ivey, and Sherry Muolo Of course, the RNC does not govern, but presumably the Trump administration has a line of communication into the political organization…Read More
In the Wake of Hurricane Irma, ABS East Securitization Show is Still a Go for Miami Beach September 13, 2017 Brandon Ivey Information Management Network will contribute proceeds from the conference to aid hurricane relief efforts.Read More
When Loan Demand is Strong, Consumers Get Bad Pricing? September 13, 2017 Brandon Ivey The researchers tracked lender rate sheets from 2008 through 2014…Read More