Lenders Preparing for a Refi Boom(let)? Looks That Way January 16, 2015 Brandon Ivey At press time, the yield on the 10-year Treasury was at 1.80 percent, the lowest level since May 2013.Read More
REITs Cite Disadvantages Due to FHFA Moratorium on Captive Insurers January 14, 2015 Brandon Ivey Stan Kurland, PennyMac’s chairman and CEO, said the FHLB application for PMT Insurance has been on hold since it was submitted.Read More
Short Takes: New Jumbo Deal from Two Harbors / Now for a Nice Word on Ocwen / Maybe Bill Erbey Will Buy…Nah… / What Will Altisource Say? / The 2015 GSE Scorecard is Out January 14, 2015 Brandon Ivey and Paul Muolo One servicing advisor raised an interesting scenario Tuesday: Maybe Bill Erbey will swoop in and buy all of Ocwen’s shares and take the whole thing private.Read More
Strong Opposition to FHFA Proposals on FHLB Membership January 13, 2015 Brandon Ivey The Council of Federal Home Loan Banks said the FHFA has shown “no compelling need” for the proposed changes to membership standards. Read More
Home Equity Lending Expected to Increase January 13, 2015 Brandon Ivey The two top banks increased their HEL holdings from midyear, and industry analysts expect home-equity lending to continue to increase in 2015.Read More
Cove Financial, a Lender Operated by Former New Century Officials, Goes Bust January 12, 2015 Brandon Ivey Patrick Flanagan, Cove’s CEO, was once the president of New Century Mortgage, a now-defunct subprime giantRead More
2014: The Jumbo MBS Boom That Wasn’t January 11, 2015 Brandon Ivey S&P believes the gap in execution between whole-loan sales and securitization has started to narrow.Read More
Okay, Mortgage Underwriting Has Loosened, But Loan Performance a Concern January 9, 2015 Brandon Ivey The average credit score on the 10th percentile of purchase mortgages increased from 555 in 2000 to 655 at the end of the third quarter of 2014.Read More
Cerberus Unit Plans to Issue Non-Agency MBS Backed By Re-Performers January 8, 2015 Brandon Ivey Moody’s noted that 88.1 percent of the mortgages slated for securitization have been modified. Read More
Short Takes: Quicken Chief Economist: ‘Rates Could Go Lower’ / Oil, Housing, Mortgages? / One Crazy Mortgage Guy is Against Lower FHA Premiums / TPLS Buying MSRs / New PAC Chief for MBA January 8, 2015 Brandon Ivey and Paul Muolo Mortgage lenders are delirious about lower FHA premiums, right? Well, not everyone. Read More