Investor That Settled Insider Trading Charges Amasses a 10-Percent-Plus Stake in Ocwen January 24, 2018 Paul Muolo Ocwen is trying to put its regulatory problems in the rearview, while focusing on being a subservicer…Read More
CFPB Chief Mulvaney Hangs Tough in Nationwide Biweekly Case January 23, 2018 Thomas Ressler However, the bureau eventually pressed ahead, arguing to uphold the judgment against the biweekly lender…Read More
Redwood’s Net Income Increased as the REIT Boosted ‘Expanded-Credit’ Activity January 22, 2018 Brandon Ivey Redwood said profit margins exceeded its "long-term expectations" of 75 to 100 basis points...Read More
Short Takes: Fannie, Freddie and the Government Shutdown / Ginnie Mae Down to a Skeleton Crew? / Sorry, Call Later When We’re Open / But the CFPB is Open for Business / New LOs for Mortgage Network January 22, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler HUD tells the mortgage industry: “Due to the federal government shutdown, the information on this website may not be up to date…”Read More
What We're Hearing: GSE Reform is Dead, Here’s Why / Okay, Maybe a 20 Percent Chance of Passage / What’s Riskier? GSE Stock or Bitcoin? / Nonbank CEO Ready to Depart / Brett Hively Resurfaces / FHA and the Government Shutdown January 19, 2018 Paul Muolo The White House may be committed to GSE reform, but Republicans are not...Read More
Non-Mortgage ABS Issuance Hit a Post-Crisis High in 2017 January 19, 2018 John Bancroft Total non-mortgage ABS production climbed to $211.72 billion in 2017, the market’s strongest year for new issuance since 2007…Read More
Four Years In, Non-QM Market Struggles to Amass Volume January 18, 2018 Thomas Ressler Authoritative numbers on the size of the non-QM space are difficult to come by.Read More
Galton Funding Tests the Non-Agency MBS Waters January 18, 2018 Brandon Ivey Most of the mortgages in the MBS were underwritten with full documentation…Read More
In 4Q17, A Sharp Increase in Prime Jumbo MBS, and Expanded-Credit Deals January 17, 2018 Brandon Ivey Expanded-credit MBS – which include loans with alternative documentation, non-qualified mortgages and nonprime loans – hit $4.08 billion in 2017…Read More
New Prime Jumbo MBS from Chase Smaller than Previous Deals January 16, 2018 Brandon Ivey In the new MBS, 41.9 percent of the mortgages were eligible for sale to Fannie Mae and Freddie Mac…Read More
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