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Angel Oak Offering $100 Million of Nonprime Whole Loans? Securitization on Hold?

June 10, 2015
Paul Muolo
One source said Nomura also was providing warehouse credit to Angel Oak.
Read More

Fannie/Freddie Issuance Slips in May, but Purchase Business Finally Takes Hold

June 10, 2015
John Bancroft
During May Quicken ranked second among all GSE sellers with 68.2 percent of its business going to Fannie Mae.
Read More

The Savior of First Quarter Mortgage Earnings: Loan Originations

June 9, 2015
John Bancroft
Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.
Read More

The Industry Speaks: 80 Percent Say CFPB Rules Putting the Squeeze on Mortgage Credit

June 9, 2015
Thomas Ressler
The survey also found that about 90 percent of loans originated by banks were QM compliant compared to 84 percent last year...
Read More

Will Citadel’s New Second Lien Spur Similar Offerings by ‘A’ Paper Nonbanks?

June 9, 2015
Paul Muolo
Calls to nonbanks from Inside Mortgage Finance revealed a great deal of interest in the Citadel product...
Read More

Slightly Tighter Underwriting on Latest Jumbo MBS from WinWater

June 9, 2015
Brandon Ivey
Caliber Home Loans is the top contributor to the pending MBS from WinWater with a 10.2 percent share of originations...
Read More

More Executive Departures at Nationstar?

June 9, 2015
Paul Muolo
One official described the situation: “Just more house cleaning now that Harold [Lewis] is gone. Most of the senior people leaving were his supporters.”
Read More

Short Takes: RoundPoint Sale Update / MSR Prices Firm Up / More on that Departing Nationstar Executive / Morningstar Joins the Jumbo Party / A New CEO for Auction.com

June 9, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
One of the departing executives at Nationstar Mortgage used to work at JPMorgan Chase, Fannie Mae and Macquarie Bank…
Read More

Commercial Banks Continue Their Retreat From Owning Servicing Rights

June 8, 2015
John Bancroft
Compared to a year ago, bank mortgage servicing for others – nearly all of which is connected to MBS – was down 6.1 percent.
Read More

CFPB Nails Another Lender for LO Compensation Violations

June 8, 2015
Paul Muolo
The regulator said Guarantee – which is in the process of liquidating – paid its LOs, in part, based on the interest rate of the loans they were bringing in.
Read More
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