Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits August 28, 2018 Brandon Ivey Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…Read More
UWM Stages an Origination Sale: No-Cost Appraisals Until Yearend August 28, 2018 Paul Muolo One UWM broker, requesting anonymity, took the offer with a grain of salt: “If someone wants to help the broker and the consumer, they would dump the application fees.”Read More
Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist August 28, 2018 Brandon Ivey and Paul Muolo But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...Read More
IRS Gives GSE Single-Security Project a Boost August 27, 2018 John Bancroft The tax code includes several provisions that address whether the exchange of property is subject to taxation. Read More
FHA Forward Production Increases, but HECM Originations Slide August 27, 2018 John Bancroft HECM originations plunged 40.9 percent in the second quarter as tighter reverse-mortgage regulations limited the product’s appeal to borrowers…Read More
More GSE-Eligible Loans in New MBS from JPMorgan Chase August 27, 2018 Brandon Ivey The top contributors to the MBS: Chase, AmeriHome and loanDepot…Read More
Fear and Loathing in MBS-Land: Trading Volume Hits Low for the Year; New Product Creation Hardly Robust August 27, 2018 Paul Muolo Then again, it’s not the first half that market watchers are worried about – it’s the remainder of the year.Read More
No Longer for Sale, RoundPoint Sells Shares in Private Placement August 27, 2018 Paul Muolo Of the $17.2 billion that RoundPoint subservices, roughly $3.0 billion is non-agency product, said Alan Price, an executive at the company…Read More
Short Takes: Don’t Worry About the Government / Don and Maxine, Fireworks Ahead? / Steve’s Choice / Invitation Homes CEO Takes A Leave of Absence / Customers You Never Need to Call (A Good Thing) August 27, 2018 Paul Muolo Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...Read More
Expanded-Credit Lending Gains, but Not as Much as Overall Market August 27, 2018 Brandon Ivey The top-five EC lenders are: Redwood, U.S. Bank, Angel Oak, Citi and Citadel Servicing…Read More
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