Short Takes: Quicken Chief Economist: ‘Rates Could Go Lower’ / Oil, Housing, Mortgages? / One Crazy Mortgage Guy is Against Lower FHA Premiums / TPLS Buying MSRs / New PAC Chief for MBA January 8, 2015 Paul Muolo and Brandon Ivey Mortgage lenders are delirious about lower FHA premiums, right? Well, not everyone. Read More
It’s Time for Lenders to Consider Loosening Underwriting Guidelines: CoreLogic January 7, 2015 Brandon Ivey Molly Boesel, a senior economist at CoreLogic, said mortgages originated in the past four years are among the most pristine loans made in the past two decades.Read More
CBO Weighs Auction of Fannie/Freddie MBS Guarantees January 7, 2015 Brandon Ivey “Auctions would determine the market prices of those guarantees and allocate them to the lenders who most valued them,” the CBO said.Read More
Fitch: Progress Slow on Needed Changes for Non-Agency MBS January 6, 2015 Brandon Ivey Potential actions by regulators also give non-agency MBS investors cause for concern. Read More
Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Auction.com Sees Possible Shift in CRE January 6, 2015 Paul Muolo and Brandon Ivey “There’s a lot of 60- and 70-year old mortgage managers out there.” Read More
Yet More Mortgage Charges for SunTrust, This Time for $145 Million January 5, 2015 Brandon Ivey SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.Read More
Short Takes: Obama Again on GSE Reform / Newly Minted MBAs Hate Mortgages? / Guild Goes HLTV / An ATR for Payday Loans? / John Adams Settles FHA Charges January 5, 2015 Paul Muolo and Brandon Ivey Are recent graduates of business schools avoiding the mortgage industry?Read More
Outlook for First Quarter 2015 Mortgage Profits: Stable December 30, 2014 Brandon Ivey The share of lenders reporting a decreased profit margin outlook over the next three months appears to have remained relatively stable.Read More
Lenders Largely Happy with Proposed Rule on Flood Insurance December 30, 2014 Brandon Ivey The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective. Read More
REITs that Focused on Residential MBS See Promise in Commercial December 29, 2014 Brandon Ivey PennyMac Commercial will focus on mortgages of under $10 million.Read More