Better loan grading on the way?

Meanwhile, David Lykken of Transformational Mortgage Solutions told us he was the consultant who “got Chad Overhauser in the business and helped him start AmeriPro.” Overhauser is the president of AmeriPro…

While uncertainty persists regarding TRID, KBRA said it only slightly increased its loss expectations on Redwood’s planned jumbo MBS.

Fannie Mae said the result is that potential buyers may be wrongly disqualifying themselves before they even apply for a mortgage…

Chimera retained about 15.0 percent of all three of the non-agency MBS...

Redwood indicated the income from the new jumbo MBS will be lower than income received through whole-loan sales...

“The banks’ sweet spot is with super prime,” said Marty Hughes, Redwood’s CEO…

The housing bubble did in fact burst and I don’t recall Trump making any money off of it unless he did so through private investments that none of us know about...

Four other banks were released from similar restrictions by the OCC earlier this year...

The SAFE Transitional Licensing Act of 2015 had strong support from the Mortgage Bankers Association, The Community Home Lenders Association and other trade groups.