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Ten Years After the Housing Crisis, Wells Still No. 1 in Mortgages. However…

July 2, 2018
Paul Muolo
But the most telling sign of how the banking industry has lost its grip on home lending rests in the number of depositories that rank among the top 20…
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A Deal-Hungry Stearns to Acquire an Equity Stake in Certainty Home Loans

July 2, 2018
Brandon Ivey
According to sources familiar with the matter, Stearns is looking at other acquisitions as well...
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I’ve Just Seen the Future of Mortgage Banking and its Name is Amazon

July 2, 2018
Paul Muolo
Two years ago, loanDepot scuttled a much talked about initial public offering of stock...
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Rising Rates Take a Bite out of FHA Lending

July 2, 2018
George Brooks
Fairway Independent Mortgage ranked first among all FHA purchase lenders with $880.8 million in 1Q18...
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Mortgage Insurers Waiting on FHFA and PMIERs 2.0

July 2, 2018
Paul Muolo
Keefe Bruyette & Woods believes new PMIER rules could see the light of day shortly…
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Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG

July 2, 2018
Paul Muolo and Brandon Ivey
LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...
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Nonbanks Increasingly Taking Over Agency MBS Production

June 29, 2018
John Bancroft
The tally: nonbanks grew their GSE business by 1.5 percent during the first five months of the year. Banks retrenched by 16.2 percent…
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Nonbanks Increasingly Taking Over Agency MBS Production, as Market Becomes More Top-Heavy

June 29, 2018
Nonbanks have dominated the Ginnie Mae MBS issuer ranks for several years, and they are gradually claiming a bigger share of the government-sponsored enterprise market, according to a new analysis by Inside MBS & ABS. [Includes one data chart.]
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Nonbanks Feel the Heat as Some VA IRRRL Loans Miss The Securitization Deadline Set by Reform Legislation

June 29, 2018
Close to $500 million worth of VA Interest Rate Reduction Refinance Loans that do not meet new seasoning requirements ushered in under the recently approved Dodd-Frank reform act are in “orphan status,” causing financial headaches for the lenders that originated them.
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Rating Services Comfortable with the Types of GSE- Eligible Mortgages Going into Non-Agency MBS

June 29, 2018
The influx of mortgages eligible for sale to the government-sponsored enterprises being delivered to non-agency MBS is largely credit-neutral for MBS investors, according to rating services.
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