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
Short Takes: W.J. Bradley Workers Wind Up At… / Who Owned WJB? / Not Only TRID / New Residential Readies MBS March 23, 2016 Paul Muolo and Brandon Ivey Meanwhile, we’re told that WJB’s woes can be traced to more than just TRID errors…Read More
FTC Warns that Hackers are Directing Borrowers to Wire Closing Funds to Scam Bank Accounts March 22, 2016 Brandon Ivey “Many sophisticated parties have been duped,” said NAR.Read More
Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP March 22, 2016 Paul Muolo and Brandon Ivey What does a depository do if it has a mortgage with a TRID error?Read More
Due Diligence Firms Draft Proposal with Standardized Approach to Grading Mortgages Subject to TRID March 21, 2016 Brandon Ivey SFIG noted that the proposal won’t supplant the group’s efforts to pursue a resolution from the CFPB to uncertainty related to TRID exceptions.Read More
Trouble in Appraisals? FHA and VA Valuations Often Miss the Mark March 18, 2016 Brandon Ivey A Realtor based in California noted that selling prices are generally increasing, but at widely disparate rates based on location...Read More
Western Asset Management Will Increase Holdings of Non-QMs Seeing Profits Where Others Fear to Tread March 17, 2016 Brandon Ivey Anupam Agarwal, CIO of Western Asset Mortgage Capital, noted: “Well, that unicorn doesn’t exist.”Read More
Banks Pushed Redwood Trust Out of GSE Lending March 16, 2016 Brandon Ivey Redwood said its conforming operations generated a negative return of 22.0 percent in 2015.Read More