Brandon Ivey

CFPB Hesitancy on QM Rule Limiting Non-Agency Lending

April 9, 2021

An effort by the CFPB to delay the end of the QM patch is causing uncertainty for non-agency lenders. A coalition of lenders and consumer advocates said the CFPB shouldn’t move forward with the proposal.

Non-QM Impairment Rate Increases for Second Straight Month

April 9, 2021

Brandon Ivey

The impairment rate on securitized non-QMs hit 11.1% at the end of February. At the end of 2020, the rate stood at 10.3% after months of steady improvement.

CFPB Foreclosure Delay Plan Includes Non-Agency Loans

April 9, 2021

Brandon Ivey

Legal analysts say the bureau’s across-the-board delay on foreclosure starts could face legal challenges. Meanwhile, consumer advocates call for more stringent requirements.

HMDA: Origination of Loans with Short Terms Decline in 2020

April 9, 2021

Brandon Ivey

Residential lending with loan terms of three years or less declined by nearly 30% on an annual basis in 2020. LendingHome topped lenders in the fix-and-flip and bridge loan sector. (Includes data chart.)

Concerns Over Appraisal Waiver Loans in Non-Agency MBS

April 9, 2021

Brandon Ivey

Two non-agency MBS issued in March included a significant number of loans that didn’t receive full appraisals due to GSE policies. Rating services penalized the collateral by increasing assessed LTV ratios.

Spring Boom: Several Non-Agency MBS Deals are in the Pipeline

April 9, 2021

Brandon Ivey

AIG is set to issue a jumbo MBS with new production and MFA Financial has a non-QM deal with loans that have seasoned for 16 months. A surge of issuance also looks likely later this month.

News Briefs

April 9, 2021

Brandon Ivey

CSBS moving forward with servicing standards for nonbanks; A&D launches jumbo with new QM standards; Angel Oak Commercial Lending expanding into wholesale; Redwood adds Faith Schwartz and Armando Falcon to its board.

Bayview Aggregating Jumbos for MBS Issuance

April 9, 2021

Brandon Ivey

Bayview hired former employees of Redwood Trust to boost its jumbo-mortgage aggregation efforts.

Short Takes: In-Person is Back at MBA / By the Numbers / Employee Compensation Costs / What Mortgage Stock Investors Like / NOOs for Sale / Deephaven’s New Hire

April 9, 2021

Paul Muolo and Brandon Ivey

From analyst Henry Coffey of Wedbush Securities: “Investors do not like lower GOS margins"...

Fannie and Freddie Announce the End of the QM Patch

April 9, 2021

Dennis Hollier and Brandon Ivey

Under previous Director Kathy Kraninger, the CFPB claimed the impact from these changes would be minimal. According to the bureau, the vast majority of loans that received QM status due to the patch would also meet the new standards.

Brandon Ivey

ARTICLES

CFPB Hesitancy on QM Rule Limiting Non-Agency Lending

Non-QM Impairment Rate Increases for Second Straight Month

CFPB Foreclosure Delay Plan Includes Non-Agency Loans

HMDA: Origination of Loans with Short Terms Decline in 2020

Concerns Over Appraisal Waiver Loans in Non-Agency MBS

Spring Boom: Several Non-Agency MBS Deals are in the Pipeline

News Briefs

Bayview Aggregating Jumbos for MBS Issuance

Short Takes: In-Person is Back at MBA / By the Numbers / Employee Compensation Costs / What Mortgage Stock Investors Like / NOOs for Sale / Deephaven’s New Hire

Fannie and Freddie Announce the End of the QM Patch

Latest Imf News

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Featured Data

M&A Reshapes Conventional Mortgage Market

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Featured Reports

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IMF Mortgage Directory: Full interactive database

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?