Warehouse

Browse articles from IMFnews related to Warehouse.

October 30, 2018 - IMFnews

loanDepot Unveils Warehouse Securitization for Mello Unit

Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.


October 29, 2018 - IMFnews

A Sure Bet for the New FHFA Director: No More GSE Pilot Programs?

The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…


October 24, 2018 - IMFnews

Short Takes: Honey, If You Put Any More Money Into that Mortgage Company… / Citadel (Officially) Branches Out into SBCL / $400 Million Next Year? / Fannie Mae Sees Ghost Companies / When Bullying Might Work (Trump and Powell)

Fannie Mae continues to mine for non-existent companies that might show up on the consumer loan applications submitted to its seller-servicers...


October 18, 2018 - IMFnews

Short Takes: BCFP, Not CFPB / At MBA, Standing Room Only for Mick Mulvaney / Annaly Readies Non-QM MBS / A Warehouse Securitization Deal for loanDepot / Cash is King

An affiliate of Annaly Capital Management is preparing to issue a $384 million mortgage-backed security stocked with non-qualified mortgages and loans for investment properties…


October 18, 2018 - IMFnews

Nonbank Liquidity a Growing Concern. Ginnie Readies Stress Tests

Ginnie EVP Maren Kasper said the agency is currently working on stress tests for its issuers and could have results by early December…


October 16, 2018 - IMFnews

MBA Panelists Express Grave Concerns about the Current Profit Picture

Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”


October 5, 2018 - IMFnews

Warehouse Banks Ponder MSR Financing – But There’s Freddie Mac to Worry About

This executive, like many interviewed, called it an example of charter creep. Freddie and the FHFA think otherwise…


Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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