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October 8, 2018

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One-Month Bank Statement Mortgages Questioned

A handful of lenders offer one-month bank statement programs… Read More

Mortgage Brokerage Firms Slash Jobs. More Carnage to Come?

With originations expected to fall, lenders of all different stripes are carefully examining their staffing needs… Read More

Senate Banking Committee Hearing Likely to Touch on Freddie Mac MSR-Financing Pilot

In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.” Read More

Ginnie MBS Production Down 11 Percent Through Sept. 30

Issuers pooled $19.63 billion of FHA and VA refi loans during the third quarter, down 11.6 percent from the previous period… Read More

Short Takes: Waiting on a Client / Layoffs at Eli Global? / Bonuses: Based on Volume or Profits? / New Penn Rolls Out New Non-QM Loan / NewDay Hires a Former Governor

One source familiar with Eli Global’s mortgage operations said layoffs have occurred at the company’s mortgage unit... Read More

Fannie Names Former Berkshire Hathaway Executive Hugh Frater Interim CEO

Frater was also executive vice president at PNC Financial Services... Read More

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