IRS Confirms that Lenders Are Eligible for New 20 Percent Deduction (in Some Instances) January 22, 2019 Brandon Ivey The IRS, however, doesn’t address whether lenders that purchase mortgages are eligible for the deduction.Read More
Flagstar Sees Residential Originations Plummet January 22, 2019 Paul Muolo Flagstar CEO Alessandro DiNello: “Our mortgage business was softer than we expected."Read More
Don’t Look Now but Jumbo LTVs are on the Rise: 76 Percent and Climbing… January 22, 2019 Brandon Ivey However, the rise in the LTV ratio occurred as issuance volume declined…Read More
Government Shutdown Impedes Ginnie Liquidity Letters, More January 22, 2019 Paul Muolo Ginnie Mae hasn’t had a permanent president it two years. It may never have one in the Trump administration...Read More
Short Takes: Tim Mayopoulos Lands / More Hires at Blend / Bill Dallas and ‘The End of Easy’ / The Government Shutdown and Desperate Measures / SCOTUS and the CFPB January 22, 2019 Paul Muolo and Yemeng Yang Finance of America is calling 2019 'End of the Easy'...Read More
What We’re Hearing: GAO Worries About Fannie & Freddie / The Return of Jeb Hensarling / Top-Ranked Nonbank Enters the HELOC Market / Quicken Courts the Refi Market / Eddy Perez to Head MORPAC / Take Our Salary Survey January 18, 2019 The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...Read More
Angel Oak Preps Largest Post-Crisis Nonprime MBS January 18, 2019 Brandon Ivey Some 51.1 percent of the loans were underwritten using borrower bank statements. Read More
Megabanks’ Originations Weak, MSR Values an Issue January 18, 2019 Paul Muolo Publicly traded nonbank giants, including PennyMac and Mr. Cooper, have yet to report results, but there’s nothing to suggest these shops will fare much better…Read More
‘Mega’ Jumbos Surge. But Who’s Originating Them? January 18, 2019 Brandon Ivey You’ve heard of “super” jumbos. What about “mega” jumbos?Read More
‘Digital’ Lender Better Mortgage Triples Originations January 17, 2019 Brandon Ivey Better said the company’s LOs originate an average of 40 loans per month versus the industry average of 4.2 loans... Read More
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