Nationstar to Issue Non-Agency MBS Backed by ‘Inactive’ Reverse Mortgages and REO February 23, 2016 Brandon Ivey This marks the fourth non-agency MBS from Nationstar backed by inactive HECMs...Read More
Impac Officials Not too Impressed with Quicken’s Rocket Mortgage, See Similarities with CashCall February 22, 2016 Brandon Ivey “I personally called their line. I didn’t see much difference, to be honest with you,” said Impac executive Joe Tomkinson.Read More
The CashCall Acquisition Continues to Pay Off for Impac; MSR Sales Help Too February 19, 2016 Brandon Ivey Impac sold a large block of MSRs in 4Q, which boosted profits.Read More
Shareholders in Altisource Warn of Conflicts of Interest with Former Chairman Erbey February 18, 2016 Brandon Ivey The shareholders demanded that a planned large acquisition of single-family homes by Altisource be halted...Read More
Short Takes: Why GSE Hiring is on the Rise / When is Don Layton Leaving Freddie? / Ellington Accelerates Non-QM Loan Buys / No, Says FHA / Stonegate Hires Former NovaStar Official February 18, 2016 Paul Muolo, George Brooks, and Brandon Ivey Shrinkage? Thanks to the CSP, changes in reps and warrants, cyber security and more, Freddie Mac continues to hire new workers...Read More
REIT Moves to Increase Funding Options by Launching Its Own Broker-Dealer February 18, 2016 Brandon Ivey The REIT's new broker-dealer unit is now fully staffed and is in the regulatory application process...Read More
REIT Rethinks Jumbos: Hatteras Will Reduce Presence in the Market February 17, 2016 Brandon Ivey At Hatteras Financial jumbos are "out" and mortgage servicing rights are "in"...Read More
Jumbo Originations Up Nearly 40 Percent in 2015; Market Share Highest in 10 Years February 16, 2016 Brandon Ivey Eight of the top 10 jumbo producers in 2015 were banks...Read More
Fed Loan Officer Survey: Jumbo Demand Dropping, Banks Will Loosen Underwriting Standards February 12, 2016 Brandon Ivey Trends in demand for non-QM jumbos were more clear-cut, with 25.4 percent of 59 banks reporting that demand was weaker…Read More
OCC to Issue Guidance Aimed at Loosening LTV Ratio Standards for Purchase Mortgages February 10, 2016 Brandon Ivey In general, the OCC doesn't like the idea of banks funding loans with LTV ratios above 90 percent unless the mortgage has appropriate credit support...Read More