Publicly Traded Mortgage Firms Not Exactly Setting the World on Fire November 21, 2017 Paul Muolo Industry observers contend Ocwen, another money-losing company, would love to find a merger partner, but must first resolve its regulatory problems…Read More
Angel Oak Set to Issue its Third Nonprime MBS of the Year; Bank-Statement Loans 35 Percent of the Collateral November 17, 2017 Brandon Ivey Self-employed borrowers whose incomes were determined with bank statements account for 35.0 percent of the collateral.Read More
Lenders Start Your Engines: Texas Loosens Home-Equity Regulations November 16, 2017 Brandon Ivey The proposition revises the strict fee limits that Texas places on home-equity lines…Read More
Texas Gets Ready to Loosen Home-Equity Regulations After Voters Approve Changes November 16, 2017 Texas sticks out like a sore thumb in its regulation of home-equity lending, but the swelling will be reduced somewhat after Lone Star voters approved an amendment to the state’s constitution that will loosen some of the rules.Read More
Mortgage REITs Boost Residential MBS Holdings in 3Q17 November 16, 2017 John Bancroft MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…Read More
Chase to Include a Large Amount of Non-QMs in its Latest Jumbo MBS November 15, 2017 Brandon Ivey The new MBS from JPM concentrates on jumbo mortgages. The average loan balance is $952,747.Read More
HMDA Analysis: Higher-Priced Lending Spikes November 14, 2017 Brandon Ivey Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…Read More
Invictus Includes Loans Aggregated by Shelter Growth in Latest Nonprime MBS November 13, 2017 Brandon Ivey Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.Read More
Nonprime Lenders Aim to Avoid a Mistake of the Past: Risk Layering November 13, 2017 Brandon Ivey Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…Read More
Short Takes: Time for a Hearing on Why There’s No Housing Inventory / The Russians Invest in Mortgages / Angel Oak’s Latest MBS / A Nonprime REIT? / Eight New LOs for Minnesota MB November 13, 2017 Brandon Ivey and Paul Muolo Maybe a REIT is the way to go in nonprime...Read More