Non-QM Liquidity Has Arrived; Warehouse Lenders On Board Too October 3, 2016 Brandon Ivey Angel Oak said more warehouse banks are growing comfortable with non-QM collateral…Read More
New Residential Bundles Excess Spread from MSRs on Non-Agency MBS into a New $345 Million ABS September 30, 2016 Brandon Ivey The deal is part of New Residential’s efforts to generate income from excess MSRs…Read More
Lender Rolls Out New LO Benefit: A Share of the Servicing Fee September 29, 2016 Brandon Ivey The compensation plan is available to LOs of Atlantic Bay who originate more than $14.0 million in retail loans in a calendar year. Read More
Impac Considers Opening a Second Origination Center in Effort to Boost Retail September 29, 2016 Brandon Ivey Impac is forecasting $12 billion in originations this year, up 29.0 percent from 2015…Read More
Short Takes: The Wells Fargo Barbeque, House-Style / If Hensarling is that Unhappy He Should Refi, No? / Former FDIC Chief Bair Backs Stumpf / Impac’s Marketing Costs / What, Calling a Delinquent Borrower 12 Times a Day is Too Much? September 29, 2016 Paul Muolo and Brandon Ivey Maybe calling a delinquent borrower 12 times a day is too much...Read More
Redwood CEO: JPMorgan ‘Ahead of Everybody Else’ with Non-Agency MBS Packed with GSE-Eligible Loans September 28, 2016 Brandon Ivey The Redwood CEO said the MBS offer a number of benefits to Chase, including effectively cutting the guaranty fee…Read More
Ditech Readies $300 Million ABS Backed by Servicing Advances September 27, 2016 Brandon Ivey A few days ago, Ditech’s parent company filed an 8-K with the SEC, disclosing delinquency information on its GSE servicing portfolio.Read More
Interest-Only Originations Spiked 45 Percent in 2Q; PHH Mortgage a Standout September 26, 2016 Brandon Ivey Morgan Stanley was offering a 5/1 IO ARM with an interest rate of 3.850 percent for loan amounts below $1 million…Read More
MBA Task Force Proposes Standardized Loan Mod Program to Replace HAMP September 26, 2016 Brandon Ivey The task force consists of 20 MBA member companies, led by Alex McGillis of Quicken Loans and Erik Schmitt of JPMorgan Chase.Read More
More Purchase Loans Not Closing on Time. The Culprit: A Shortage of Appraisers September 23, 2016 Brandon Ivey More bad news on appraisals: the on-time closing share has declined for four consecutive months…Read More