HUD IG Says FHA Improperly Cleared New Defect Taxonomy… February 9, 2017 Brandon Ivey A recall of the defect taxonomy would be a blow to lenders…Read More
Top Prime MBS Contributors are Mostly Banks February 8, 2017 Brandon Ivey Quicken Loans ranked third in terms of contributions to prime non-agency MBS…Read More
GAO Slams HUD for Weaknesses in Cost Estimates Related to FHA Modernization February 8, 2017 Brandon Ivey HUD officials said the agency has been focused on establishing an infrastructure to improve its cost estimating practices.Read More
Growing Concern that Trump’s Tax Cut Could Hammer Fannie and Freddie February 8, 2017 Brandon Ivey and Paul Muolo The DTAs are available to the GSEs as future deductions against taxable income. A reduction in the corporate tax rate would reduce existing DTAs for not just Fannie and Freddie but for other U.S. businesses as well.Read More
Short Takes: Fix & Flip Lender Targets Multifamily Sector / Branching Out Into Florida / No Word on Carson and His Deputy / New Rez Tests ABS Market / Fed General Counsel Alvarez Announces Retirement February 8, 2017 Brandon Ivey and Paul Muolo The full Senate could vote on the Ben Carson nomination next week...Read More
Fitch Gives ‘Average’ Ratings to Nonprime Lenders Angel Oak, Citadel and Deephaven February 7, 2017 Brandon Ivey The assessment matches the rating service’s “grade” on Caliber Home Loans, which issued the first AAA-rated nonprime MBS backed by new originations.Read More
Jumbo Originations Up at Some Shops, Down at Others February 6, 2017 Brandon Ivey Among four depositories that publicly disclose their jumbo originations, First Republic Bank and Flagstar Bancorp posted increases…Read More
JPM Working on a Non-Agency MBS Deal With Loans Aggregated by Two Harbors February 6, 2017 Brandon Ivey In July, publicly traded REIT Two Harbors Investment Corp. announced it was discontinuing its mortgage conduit and securitization operations.Read More
Short Takes: So, You Want to Hang Onto That Market Share? / Get Ready for Jeb’s FCA, Version 2.0 / Buy a Stake in Us First / Keeping an Eye on the 10-Year / Greystone Hires an FHA Managing Director February 6, 2017 Brandon Ivey and Paul Muolo What? Democrats won't help in changing the Dodd-Frank Act? Read More
As Dodd-Frank Repeal/Replace Plans Firm Up, SFIG Unveils Securitization Reform Priorities February 3, 2017 Brandon Ivey SFIG noted that a complete repeal of risk-retention requirements “is likely neither appropriate nor probable.”Read More