ATR Rule Has Done Little to Crimp Mortgage Activity by Banks June 2, 2015 Brandon Ivey Portfolio holdings of mortgages also have increased at a faster rate for smaller banks than larger ones.Read More
Two Harbors Turning Out to be a Prolific Issuer of Jumbo MBS June 2, 2015 Brandon Ivey Two Harbors is outpacing a fellow REIT, Redwood Trust, in terms of jumbo MBS deals with the latter putting more of an emphasis on whole loan sales.Read More
Short Takes: CFPB Fines of $1 Million a Day? / A Boon for Second-Lien Investors? / Billions of Dollars in HELOCs? / HARP Goes to Arizona / A New Hire for Hamilton June 2, 2015 Brandon Ivey and Paul Muolo According to one trader, secured nonperforming seconds sell in the secondary market for one penny on the dollar to 20 cents on the dollar…Read More
Jumbo Originations Up Sharply in 1Q15 – Compared to a Year Ago June 1, 2015 Brandon Ivey Chase was the second-ranked jumbo lender in the first quarter of 2015, nearly closing the wide gap that Wells Fargo has maintained in recent years.Read More
Loan Limit for Redwood/FHLB Jumbo Program More Than Doubles June 1, 2015 Brandon Ivey The higher loan limit for the jumbo program will go into effect early in the third quarter.Read More
Short Takes: Two Harbors Readies a Jumbo MBS / Available: A Large Pool of Subprime Loans? / LenderLive Buys Walz / A Done Deal: The Merger of Two FHLBs / A New Hire for ZAIS June 1, 2015 Brandon Ivey and Paul Muolo We understand that a large pool of nonprime mortgage loans is looking for a home...Read More
Bigger Winner in BofA SCOTUS Ruling: Holders of Second Liens June 1, 2015 Brandon Ivey “What Dewsnup held is that the lienholder, according to the basic non-bankruptcy bargain, is entitled to keep its lien until payment in full or until a lender decides to foreclose,” said attorney Danielle Spinelli... Read More
Credit Suisse Issues Jumbo MBS, Sticks with New Penn and Quicken as Main Contributors May 29, 2015 Brandon Ivey New Penn contributed 19.1 percent of the loans included in the deal, followed by Quicken with a 19.0 percent share. Read More
FHFA Ready to Hike Conforming Loan Limits? May 28, 2015 Brandon Ivey The regulator said it plans to use its “expanded data” house price index to determine adjustments for conforming loan limits. Read More
Black Knight Nets Nearly $480 Million on IPO, Plans to Expand in Mortgage Services May 27, 2015 Brandon Ivey Black Knight plans to expand its offerings to existing clients, gain new clients, introduce new products and selectively acquire smaller vendors...Read More