Surprise: The Subprime Delinquency Rate Jumps in 3Q17 December 11, 2017 Brandon Ivey The dollar volume of outstanding subprime mortgages continues to decline…Read More
Redwood Unveils Expansion Plans: Funding Nonbanks and Lending on Investment Properties December 6, 2017 Brandon Ivey Redwood: “We will offer new ways for these [nonbank] sellers to optimize their capital bases…”Read More
HomeStreet Investors Criticize the Bank’s Mortgage Business December 6, 2017 Brandon Ivey The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…Read More
The Nonprime Revival Continues: MBS Issuance Could Triple in 2018 December 5, 2017 Brandon Ivey The issuance figures suggest that investors are gaining comfort with the non-QM asset class…Read More
Ocwen, Nationstar Reach Separate Settlements on Various Servicing-Related Issues December 5, 2017 Brandon Ivey But news of the settlements wasn’t doing much for their stock prices. Both were down slightly on the day.Read More
New Amendment in GOP Tax Bill Spares Adverse Treatment for Mortgage Servicing Income December 4, 2017 Brandon Ivey The MSR-saving amendment fixing the tax language was offered by Sen. Mike Rounds, R-SD...Read More
A Wide Variety in Securitizations of MSR Assets December 4, 2017 Brandon Ivey Ocwen Asset Servicing Income Series 2014-1 was secured by MSR related to $11.80 billion of mortgages serviced for Freddie Mac.Read More
Latest Nonprime MBS from Angel Oak Met with Strong Demand from Investors November 29, 2017 Brandon Ivey The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…Read More
Jumbo Originations Increased in 3Q17 but Sector Lost Some Market Share November 28, 2017 Brandon Ivey While banks continue to compete for jumbo loans, some have actually tightened underwriting standards…Read More
Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650 November 28, 2017 Brandon Ivey In high-cost areas, the GSE loan limit will increase to $679,650...Read More