A Challenging 4Q18 for Impac; Lender Sells $10.5B of MSRs March 15, 2019 Paul Muolo In the fourth quarter, Impac’s gain-on-sale margin increased 85 basis points to 203 bps, a reflection of its growing originations of non-QM loans.Read More
FHFA’s Otting in a Position to Bolster the Non-Agency Market March 15, 2019 Brandon Ivey SIFMA’s Daniel Goodwin: “Financial regulators must create a level playing field so that entities like the GSEs do not enjoy capital benefits that add to the tilting of the market…”Read More
Home-Equity Market Sagged in 2018, but Still a Bright Spot March 14, 2019 John Bancroft Credit unions reported a 19.5% increase in closed-end second originations from the first half of 2018 to the second half…Read More
SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform March 14, 2019 Paul Muolo NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...Read More
Lender Diversity, Inclusion Activities on CFPB’s Radar Screen March 14, 2019 Yemeng Yang The letters refer to the diversity and inclusion standards issued by the agency in 2015...Read More
Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage March 14, 2019 Paul Muolo Thanks to declining interest rates, lenders are feeling more optimistic these days...Read More
Freddie Mac’s MBS Business Rebounds in February March 13, 2019 John Bancroft Fannie Mae saw its monthly MBS output decline by 18.1% from January…Read More
Tiered Supervision of Nonbanks Advocated by Trade Groups March 13, 2019 Yemeng Yang Nonbanks in recent years have expanded their presence in the market significantly...Read More
Broker Business Gained Market Share in 2018 March 13, 2019 John Bancroft Retail’s biggest presence was in the jumbo market…Read More
Short Takes: More Non-QM MBS Deals on the Way / What’s Ginnie Mae Really Worried About? / A Big ‘Nothing Burger’? / What Borrowers Want When They Shop Online for a Mortgage / Amherst’s Appetite for SFR / A New Hire for Incenter March 13, 2019 Paul Muolo Another official described the Ginnie Mae change as a “nothing burger…”Read More
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