IMFnews

February 24, 2017

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Redwood Earned $25 Million in 4Q, Sees Strong Jumbo MBS Pricing, Will Expand ‘Choice’

Redwood CEO Marty Hughes said pricing for jumbo MBS is currently strong, with execution on issuance better than execution for whole loan sales. Read More

Creeping Upward: The Debt Burden of FHA and VA Borrowers

Average credit scores in the FHA program drifted slightly lower, while climbing 1.9 points for VA loans. Read More

The Time is Right for a Boom in Servicing Sales. However…

Meanwhile, selling Ginnie Mae receivables is still a difficult task… Read More

Looser Underwriting on Jumbos Backing Galton’s New MBS

Moody’s said many of the contributors to the MBS are small, regional entities that lack the sophistication of larger, more established originators. Read More

Growing Mortgage Indebtedness Helps Drive Household Debt Near Crisis Peak

“Since reaching a trough in mid-2013, the rebound in household debt has been led by student debt and auto debt, with only sluggish growth in mortgage debt,” said one New York Fed official. Read More