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Short Takes: FBR Says Goodbye to PennyMac / A Sweet Dividend At Least / Revenue Figures for Radian’s Non-MI Unit / The Earnings Power of Flagstar’s Balance Sheet / Genworth Agrees to Sell European MI Division

October 27, 2015
Paul Muolo
However, in a final note on the companies, FBR analyst Paul Miller called PMMIT an “outperform,” while giving it a price target of $20…
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Nonbanks Continue to Gain in Agency Servicing, Except Ocwen

October 26, 2015
Paul Muolo
The megabanks – Wells Fargo, JPMorgan Chase, Bank of America and U.S. Bank – ranked first through fourth, respectively, with a combined agency market share of 40.3 percent at Sept. 30.
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Suddenly, 2016 Residential Production Isn’t Looking So Bad; Then Again…

October 26, 2015
John Bancroft
Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.
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Shake Up in Mortgage Division at Citizens Bank

October 26, 2015
Paul Muolo
During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.
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Mortgage Trade Group Chief Marc Savitt to Run for Congress, Again

October 26, 2015
Paul Muolo
As the head of the NAIHP, Savitt has been a frequent critic of the Consumer Financial Protection Bureau...
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Phoenix Capital Selling ‘Flow’ Deal that Could Top $600 Million

October 26, 2015
Paul Muolo
Phoenix Capital is out with a new “flow” servicing offering where the seller will deliver $40 million to $50 million per month in Fannie Mae and Freddie Mac product.
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Short Takes: $500,000 the New GSE Loan Limit? / Coming Soon: The GSE Scorecard / CEO Pay Capped? / Declining Earnings and Revenue for ASPS / Mortgage Network Opens New Office in West Roxbury

October 26, 2015
Paul Muolo
In other GSE news, the Senate version of legislation to cap CEO salaries at Fannie and Freddie is moving along and a vote could happen this week…
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Trouble Ahead? Non-Mortgage ABS Issuance Down Sharply in 3Q

October 23, 2015
John Bancroft
On a year-to-date basis, new ABS production was down 4.5 percent from the first nine months of 2014.
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Stonegate Mortgage Shedding Branches? Or Perhaps More?

October 23, 2015
Paul Muolo
Firms looking to take over those branches from Stonegate include Skyline Home Loans and Prospect Mortgage...
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Fannie, Freddie CEOs Urge Patience to the Industry on the Single GSE Security

October 23, 2015
John Bancroft
The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.
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