Short Takes: The 10-Year Gets Ugly / Losing Refi Customers / Maybe Mortgage Bankers Should Revisit Their Volume Estimates for 2017 / Angelo Mozilo, a Good Pick for HUD Secretary? / FGMC Hires Former BofA Executive December 12, 2016 Brandon Ivey and Paul Muolo JPMorgan Chase readies its fifth jumbo MBS deal of the year...Read More
Cato Institute’s Mark Calabria Up for the FHA Job? December 9, 2016 Brandon Ivey If Cato's Mark Calabria becomes FHA chief, private MI firms could benefit… Read More
SFIG Members Cite Progress on Non-Agency MBS Reform Effort; But More Work Ahead, Much More… December 9, 2016 Brandon Ivey “That’s a lot of work for an industry that apparently doesn’t exist,” said Richard Johns, SFIG’s executive director.Read More
Subprime Loan Performance Improves, but Servicing Continues to Run Off December 9, 2016 Brandon Ivey Caliber Home Loans was the only subprime servicer among the top 10 to increase its subprime portfolio compared with the third quarter of 2015Read More
Lone Star’s New Nonprime MBS Sets the Standard: An AAA Rating and the Largest Post-Crisis Deal to Date December 8, 2016 Brandon Ivey The loans funded by Sterling and Lendsure entailed the use of bank statements to verify borrower income.Read More
Short Takes: Post-Crisis Non-Agency MBS Gets AAA Rating / Refi Specialists Might as Well Call it a Day? / An IPO for Invitation Homes / Ben Carson in a Museum / FICO Readings on FHA and VA December 7, 2016 George Brooks, Brandon Ivey, and Paul Muolo Refi specialists could be in for a word of hurt...Read More
Higher GSE Loan Limits Won’t Have Much of an Impact on Jumbos December 6, 2016 Brandon Ivey Of the $292.98 billion in non-agency jumbo mortgages originated in 2015, 3.1 percent were in areas where the loan balance would have been eligible for delivery to the GSEs under the loan limits set to take effect in January.Read More
Jumbo Servicing Up 10.2 Percent Year Over Year December 5, 2016 Brandon Ivey The volume of jumbo mortgages outstanding rose to an estimated $892.4 billion as of the end of September…Read More
SFIG Proposes Standards for ABS from Marketplace Lenders December 5, 2016 Brandon Ivey SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.Read More
Moody’s Issues Caution on ‘Bank Statement’ Mortgages December 1, 2016 Brandon Ivey More lenders are making “bank statement” loans these days, including both banks and nondepositories…Read More