HomeStreet Investors Criticize the Bank’s Mortgage Business December 6, 2017 Brandon Ivey The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…Read More
Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics December 6, 2017 Paul Muolo and Thomas Ressler Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney... Read More
Senate Banking Committee Advances Reg Relief Bill With Substantial Mortgage Reform December 6, 2017 Thomas Ressler Can it be? A bi-partisan reg relief measure that helps the mortgage industry?Read More
Production, Servicing Profits Up in 3Q17 December 6, 2017 John Bancroft Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.Read More
Redwood Unveils Expansion Plans: Funding Nonbanks and Lending on Investment Properties December 6, 2017 Brandon Ivey Redwood: “We will offer new ways for these [nonbank] sellers to optimize their capital bases…”Read More
Since the Summer, a Sweet Rally for Fannie Mae, Freddie Mac Common. Meaning? December 6, 2017 Paul Muolo Investor Pershing Square Capital should be happy. The firm owns roughly 9.98 percent of Fannie common and 9.77 percent of Freddie.Read More
A Small Gain for Warehouse Lending in 3Q17, but Providers Nervous About Lower Usage Rates December 5, 2017 Paul Muolo Overall, consultant Larry Charbonneau described warehouse lending as “still a great business.”Read More
The Nonprime Revival Continues: MBS Issuance Could Triple in 2018 December 5, 2017 Brandon Ivey The issuance figures suggest that investors are gaining comfort with the non-QM asset class…Read More
Mortgage Banking Earnings Declined for Depositories in 3Q17 December 5, 2017 John Bancroft Wells Fargo reported a huge drop in mortgage banking income, but the rest of the top five banks all posted increased earnings from their operations… Read More
Ocwen, Nationstar Reach Separate Settlements on Various Servicing-Related Issues December 5, 2017 Brandon Ivey But news of the settlements wasn’t doing much for their stock prices. Both were down slightly on the day.Read More