Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal July 3, 2018 Paul Muolo and Brandon Ivey TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.” Read More
A Big Decline for Interest-Only Originations July 3, 2018 Brandon Ivey Among all IO originators, First Republic Bank ranked first with $1.54 billion…Read More
Despite Favorable Court Rulings, Questions Remain on Marketing Services Agreements July 3, 2018 Yemeng Yang The RESPA statute and existing regulations still clearly prohibit payments for referrals…Read More
HomeStreet to Sell 20 Percent of its MSR Portfolio to Matrix Financial Services July 3, 2018 Brandon Ivey HomeStreet continues to deemphasize its role in residential mortgages… Read More
Banks Boost First-Lien Holdings in 1Q18 but a Slight Drop at Wells Fargo July 2, 2018 Brandon Ivey The three largest holders of first-liens are Wells Fargo, JPMorgan Chase and Bank of America…Read More
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...Read More
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…Read More
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...Read More
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...Read More
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...Read More
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