Short Takes: Angel Oak is Hiring / Carrington Launches Correspondent Division / Applications Decline / 2 Non-QM MBS with Loans from Impac / MIAC Offers Whole Loans for Auction / A Short Publishing Break November 20, 2018 Brandon Ivey and Paul Muolo Carrington Mortgage this week announced the launch of its correspondent lending division. Read More
Largest Holders of MSRs Leave the Asset Values Unchanged November 20, 2018 Paul Muolo The largest gain among the 14 companies was 3.6 percent, the largest decline -5.6 percent. Read More
Cash-Out Refi Investment-Property Mortgages Collateral for New MBS November 20, 2018 Brandon Ivey Visio originates through the retail channel but also uses loan brokers… Read More
Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale November 20, 2018 Paul Muolo Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...Read More
Correspondent Platforms Gained Market Share in 3Q18 November 20, 2018 John Bancroft Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…Read More
Meetings Scheduled for January as Nonbanks Ponder Impact of Ginnie ‘Liquidity Letter’ November 19, 2018 Paul Muolo Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced. Read More
As Conventional Lending Slumps, Expanded-Credit Originations Fill the Void November 19, 2018 Brandon Ivey The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…Read More
FHA Seeks to Strengthen MRB Authority November 19, 2018 George Brooks While the goal of a stronger MRB is not new, it has taken on a new urgency in discussions between HUD and DOJ...Read More
MIAC Hits the Market with a $7B MSR Package November 19, 2018 Paul Muolo Loans in the pool have an average age of 24 months.Read More
Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager November 19, 2018 Brandon Ivey, Paul Muolo, and Yemeng Yang Rates were in a decline Monday morning...Read More
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