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May 22, 2018

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Mortgage Production Was a Net Loss in 1Q18 as Competition Takes a Toll

Respondents to the Mortgage Bankers Association's quarterly mortgage banking performance survey reported, in aggregate, a negative margin in the “mid to high single digits” for the first quarter. Read More

FVA, VA Lending Down in First Quarter with Some Variations in Refi Business

Most of the decline in FHA business was in purchase-mortgage lending while VA business took a hit due to reductions in the Interest Rate Reduction Refinance Loan program. Read More

Deephaven Set to Issue its Latest Nonprime MBS, Stocked with Non-QMs and Business-Purpose Loans

Non-QMs account for 81.1 percent of the dollar volume of the planned MBS while the other loans are for rental properties and exempt from ability-to-repay standards. Read More

Short Takes: Stated-Income Alert / FHLBank Loses Another MBS Case / New CFO at Impac / MSR Consulting M&A

If stated income appears to be overstated by 15.0 percent or more, PointPredictive notifies the lender so additional verification can be completed. Read More

House Set to Pass Reg Relief Bill With Changes to QM Standards

The House decided to take a vote on the current Senate bill with no amendments and the Senate is expected to consider a separate deregulation package from the House. Read More

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