Jumbo MBS Market Looking Relatively Strong as Shellpoint Prepares Another Deal March 9, 2017 Brandon Ivey Yet another new jumbo MBS deal is hitting the market. This time from an affiliate of Shellpoint…Read More
Good News for Jumbo MBS Issuers: Investor Demand Doubles (Roughly) March 7, 2017 Brandon Ivey JPMorgan said 50 investors bought into the bank’s latest jumbo MBS. Typically, 20 to 30 buyers line up…Read More
Jumbo Servicers Post Modest Gains in 2016 March 7, 2017 Brandon Ivey Among the top 30, LoanCare had the largest increase to its jumbo servicing portfolio…Read More
Rating Services Getting (Slightly) More Comfortable with TRID Compliance Issues on Jumbo MBS March 7, 2017 Brandon Ivey Four mortgages from First Republic Bank were subject to limited reviews that didn’t include checks for compliance with TRID.Read More
Short Takes: It Appears Carson Likes the MI Industry / New HUD Chief Carson Asks Employees to Take ‘The Niceness’ Pledge / You Can’t Overload the Human Brain? / Prestwick Selling GSE Servicing Rights / Freddie’s New Whole Loan Deal March 7, 2017 Paul Muolo and Brandon Ivey "You can't overload the human brain," said newly minted HUD secretary Ben Carson. And there was more...Read More
Plenty of ‘Home Equity’ Now, but Less of a Desire to Tap the ‘House ATM’ March 6, 2017 Brandon Ivey Researchers at the Federal Reserve Bank of New York said there’s still plenty of demand for home equity loans and cash-out refis but…Read More
Redwood Trust Prepares its Third Jumbo MBS of the Year. Execution Stronger than Whole Loan Sales March 6, 2017 Brandon Ivey Redwood officials note that in recent months pricing for jumbo MBS has been stronger than the bid for whole loan sales…Read More
SFIG Vegas Turnout Tops 6,700, but That Doesn’t Mean Investors Will Cozy Up to Non-Agency MBS March 3, 2017 Brandon Ivey Issuance of non-agency MBS backed by new originations continues to be limited…Read More
CFPB Tells Consumers: If You’re Offered a Subprime Mortgage, Beware March 3, 2017 Brandon Ivey CFPB analyst Megan Thibos reminds consumers that, “During the foreclosure crisis, many borrowers with subprime mortgages faced sharply increased mortgage payments and were unable to make those payments.”Read More
Industry Pushes to Make Sure Servicing is Included in Broader Housing Reform Efforts March 2, 2017 Brandon Ivey Lenders that have representatives who are members of the UI collaborative include Bank of America, Quicken Loans, and Nationstar Mortgage…Read More