You know, just when I thought our industry had gone soft… the week of March 25th, 2019 happened, and we totally redeemed ourselves (think Harry Dunn in Dumb & Dumber)!! Let’s take a look around the industry and see what the heck has been happening! March 25th – Goldman Sachs issued its first MBS (since before the crash) with a mix of prime jumbo loans & Fannie/Freddie eligible product March 26th – Anthony Casa declares war on retail lenders claiming they are overcharging vete

“After assessing the profile of loans delivered to us since the DU 10.1 changes went into effect, we are fine-tuning DU’s risk assessment to limit risk layering.” This is a direct quote from Fannie Mae as they set to implement their new Desktop Underwriter updates over St. Patrick’s Day weekend. We all remember last year when Fannie Mae adjusted DU 10.1 to allow for mortgages with DTIs up to 50%... well, it just so happens that the industry took full advantage of that (give a