First-Time Homebuyer Share of Residential Purchases Falls to Level Last Seen in 2014 October 24, 2016 Brandon Ivey Back in May, the reading for first-time homebuyers was 40.4 percent.Read More
Short Takes: FHFA Chief Mel Watt: Embrace Change, Folks / Halfway to Five Years / MBA’s Stevens Makes Reference to FHA Lawsuits / For Wells Fargo, the Fallout Continues October 24, 2016 Paul Muolo and Brandon Ivey For Mel Watt, he's at the halfway point...Read More
Sales of Higher-Priced Mortgages Declined in 2015 October 12, 2016 Brandon Ivey Higher-priced mortgages are sometimes seen as a proxy for nonprime mortgages...Read More
At the End of 3Q16, Just Two Firms Were Still Issuing ‘Prime’ Non-Agency MBS October 11, 2016 Brandon Ivey Five deals were issued during the quarter, led by a $2.65 billion MBS from Chase that combined mortgages eligible for sale to the government-sponsored enterprises and jumbo loans.Read More
Portfolio Retention of ARMs Increased in 2Q16 October 11, 2016 Brandon Ivey Wells Fargo was the top ARM lender in the second quarter with $5.76 billion in originations.Read More
In Crafting the Deal Agent Concept for Non-Agency MBS, Investors Looked to the GSEs October 10, 2016 Brandon Ivey Clayton Holdings is one firm that’s interested in providing deal-agent services to the industry…Read More
Redwood Set to Issue Third Jumbo MBS of the Year; New Bond Includes FHLB Loans October 7, 2016 Brandon Ivey On average, the loans have seasoned just 1.9 months, one of the fastest turn times for a jumbo MBS in recent years…Read More
They’re Back: Cash-out Refis October 6, 2016 Brandon Ivey Cash-out refis are propping up the refi market, said one analyst.Read More
‘Service Levels’ Prompted KB Home to Switch Lender Partnership from Nationstar to Stearns October 5, 2016 Brandon Ivey KB Homes CEO Jeff Mezger said Stearns’ lending platform is far more efficient than Nationstar’s…Read More
Short Takes: Another Year, Another Issuance Record for Ginnie / 3Q16 Looks Like a Blowout Quarter / KB Will Take a Financial Hit on NSM JV / Redwood Readies New Jumbo MBS / New Chief for Appraisal Organization October 5, 2016 Paul Muolo and Brandon Ivey A blowout 3Q16 for residential originations and MBS issuance? Read More