Want to Achieve TRID Compliance? First Meet These 150 Requirements… March 30, 2016 Brandon Ivey The SFIG draft includes details on potential cures for TRID violations.Read More
Non-QM Lending: A Niche Market Looking to Expand? March 30, 2016 Brandon Ivey Impac originated $132.4 million in non-QMs in 2015, including $50.8 million in the fourth quarter of the year. Citadel did even more...Read More
A New Indemnification Period for RHS Lenders: Five Years, Not Two March 29, 2016 Brandon Ivey The RHS stated that it may seek indemnification in cases of fraud or misrepresentation regardless of when the loan closed or when the default occurred.Read More
Plan to Smooth Out TRID Errors Could See the Light of Day This Week March 29, 2016 Brandon Ivey The SFIG has circulated a draft proposal regarding a standardized approach...Read More
Short Takes: Banks vs. Nonbank on TRID / Depositories Avoid ‘Fix n Flip’ Mortgages / Fannie, Freddie and ‘Nimrick’ Revisited / RHS and QMs / A Legal Case to Study: Guarantee Rate’s ‘Corporate Spy’ March 29, 2016 Paul Muolo and Brandon Ivey Meet secondary market giant "Natty MaRC"?Read More
The Successor to Fannie/Freddie Would Only Be as Large as it ‘Needs to Be’ March 29, 2016 Brandon Ivey The clock is ticking on Fannie/Freddie capital going to zero. To some, this proposal restarts the GSE "conversation..."Read More
Due Diligence Firms Continue to Work on a TRID Fix for the Secondary Market March 28, 2016 Brandon Ivey TRID errors and investor fears are playing a key role in secondary market snafus...Read More
Is Non-QM Lending a Bust? Former CFPB Official Speaks His Mind March 28, 2016 Brandon Ivey CFPB Director Richard Cordray has pushed back against claims from industry participants that regulations have unduly constricted lending...Read More
Five Oaks Facing Troubles Financing Purchases of MBS; Little Demand for New Jumbos March 24, 2016 Brandon Ivey Five Oaks’ jumbo conduit also has faced headwinds due to a lack of demand for new jumbo MBS.Read More
Fannie Mae and Freddie Mac Dominate – by Far – in Condo Financing March 23, 2016 Brandon Ivey The average loan amount on GSE condo mortgages in 2015 was $214,431.Read More