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Radian Profit Jumps 40 Percent in 3Q, a Slight Decline in NIW

October 27, 2015
Paul Muolo
For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.
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An Earnings Increase at Flagstar; Thrift Keeps Selling MSR Assets

October 27, 2015
Paul Muolo
Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.
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Correspondents Up, Brokers Down in 3Q15

October 27, 2015
John Bancroft
Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.
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Mortgage REIT CYS Ramps Up FHLB Borrowings

October 27, 2015
Paul Muolo
Its captive insurance affiliate, CYS Insurance Services, became a member in the FHLB of Cincinnati in March of this year.
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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.
Read More
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