SEC Charges Against Hedge Fund Chief Include Allegations Tied to Altisource Investment September 22, 2016 Brandon Ivey Altisource’s stock price declined by 6.4 percent to $30.77 per share shortly after the charges were announced, but the stock has rebounded somewhat… Read More
Short Takes: Don v. Hillary. Bring the Popcorn / The Future of Fannie and Freddie? / How to Promote Homeownership / JPM Finishes the Mortgage Test Early September 22, 2016 Paul Muolo and Brandon Ivey Meanwhile, if you want to know where Clinton and Trump stand on the issue of homeownership in America, you can review their respective party platforms...Read More
Freddie Mac Predicts a 3Q16 Production Boom of $595 Billion September 21, 2016 Brandon Ivey Freddie expects originations to hit $2.0 trillion this year, a 14.3 percent sequential improvement…Read More
JPM Prepares Another Jumbo MBS, First Deal in More than a Month September 20, 2016 Brandon Ivey Despite improvement in securitization returns, jumbo whole loan sales are still more profitable, KBW said.Read More
Short Takes: The Wells Fargo Senate Barbeque / The Scandal’s Effect on Wells’ Mortgage Business? / Hats Off to the Los Angeles Times / Sen. Warren Slams Stumpf / Jumbo Update September 20, 2016 Paul Muolo and Brandon Ivey Will a potential residential mortgage customer bolt Wells Fargo because they can’t trust the bank’s employees, including its retail loan officers?Read More
Deal Agent Concept for Non-Agency MBS Closer to Reality with Release of Sample Document September 19, 2016 Brandon Ivey However, the sample deal agent agreement doesn’t address one of the remaining controversial issues: how much to pay for their services.Read More
Short Takes: Ocwen Executive Bolts for Flagstar / Number Seven with Hopes to Go Higher / RPM Mortgage Launches Second Lien Product / Will More Nonbanks Offer Seconds? / Time for a Background Check on Your Branch Manager? September 19, 2016 Paul Muolo and Brandon Ivey We know of at least one nonprime lender offering seconds and we expect that in time others may follow…Read More
Guess Who Benefits from a Rate Rise? Answer: Nonprime Lenders September 16, 2016 Brandon Ivey What’s the market potential for nonprime/non-QM lending? Maybe $100 billion a year…Read More
Boom Times Ahead for Nonprime. And Yes, the Megabanks are Staying Home September 15, 2016 Brandon Ivey All three panelists expressed the view that the nonprime market is safe from competition from the megabanks...Read More
Short Takes: Even Under Trump, the CFPB May Be Invincible / Five Years of Abuses? / Warehouse Money Available for Non-QM? / The Wild, Wild West / PIMCO-Owned Lender Hires Ex-BOK Official September 15, 2016 Paul Muolo and Brandon Ivey Warehouse money is available from commercial banks for nonprime home mortgages, but...Read More