Short Takes: Post-Crisis Non-Agency MBS Gets AAA Rating / Refi Specialists Might as Well Call it a Day? / An IPO for Invitation Homes / Ben Carson in a Museum / FICO Readings on FHA and VA December 7, 2016 Paul Muolo, George Brooks, and Brandon Ivey Refi specialists could be in for a word of hurt...Read More
Higher GSE Loan Limits Won’t Have Much of an Impact on Jumbos December 6, 2016 Brandon Ivey Of the $292.98 billion in non-agency jumbo mortgages originated in 2015, 3.1 percent were in areas where the loan balance would have been eligible for delivery to the GSEs under the loan limits set to take effect in January.Read More
Jumbo Servicing Up 10.2 Percent Year Over Year December 5, 2016 Brandon Ivey The volume of jumbo mortgages outstanding rose to an estimated $892.4 billion as of the end of September…Read More
SFIG Proposes Standards for ABS from Marketplace Lenders December 5, 2016 Brandon Ivey SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.Read More
Moody’s Issues Caution on ‘Bank Statement’ Mortgages December 1, 2016 Brandon Ivey More lenders are making “bank statement” loans these days, including both banks and nondepositories…Read More
Short Takes: Mnuchin Turned Down Fannie CEO Job / Lockhart and Ross / More HUD Transition Team Members Named / SFIG Releases ‘Green Paper’ / CFPB Servicing Update / New Texas Retail Chief for Gateway December 1, 2016 Paul Muolo, Thomas Ressler, and Brandon Ivey The Trump administration has added two more transition team members to HUD. Still, no word yet on whether Ben Carson wants to the secretary job...Read More
Lone Star Readies Another MBS Backed by New Nonprime Mortgages November 30, 2016 Brandon Ivey The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.Read More
FirstKey, New Rez Out with Separate Nonprime MBS Deals Backed by Seasoned Loans November 29, 2016 Brandon Ivey In the FirstKey deal, the loans have seasoned for an average of 10 years…Read More
FCC Hangs Up on MBA’s Telephone Exemption Request November 29, 2016 Brandon Ivey The MBA said the calls would generally be from servicers to borrowers, seeking to determine the reasons and nature of a delinquency…Read More
New SFIG ‘Green Paper’ Suggests Benchmark Reps & Warrants for Non-Agency MBS November 28, 2016 Brandon Ivey Current R&W disclosures are seen as particularly inadequate for deals involving non-agency mortgages from multiple lenders…Read More