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Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM

August 17, 2016
Carisa Chappell, Brandon Ivey, and Paul Muolo
Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”
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Jumbo MSR Market Hit $863 Billion at Mid-Year

August 16, 2016
Brandon Ivey
Second-ranked Chase Home Finance serviced $176.60 billion of jumbos at June 30, up 4.1 percent compared to 1Q16…
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Caliber Home Loans Taking a Look at PHH Assets?

August 16, 2016
Paul Muolo
For now, Caliber isn’t commenting on PHH and the latter isn’t discussing anything to do with a sale of its assets.
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Walter’s New CEO Tony Renzi Could be a $5 Million Man His First Year

August 16, 2016
Paul Muolo
Compared to the second quarter of last year, revenues at Walter declined an ugly 54.6 percent to $187.5 million. In other words, Renzi has a lot to turn around…
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Sequential Decline in Non-QMs at Impac Blamed on Refi Activity

August 16, 2016
Brandon Ivey
Impac president Bill Ashmore said that at the end of 2Q, the lender had a $115.0 million pipeline of non-QM originations, about level compared to the pipeline the lender had at the end of the previous quarter.
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MountainView Selling $3 Billion of Ginnie Mae Servicing Rights

August 16, 2016
Paul Muolo
In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.
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Short Takes: Another MI M&A Deal in the Works? / Tony Renzi’s Stock Award / Fannie Reviewed Board Seat for CEO / Don Works for Free / Regions Works Out HUD Settlement

August 16, 2016
George Brooks and Paul Muolo
Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...
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FHA Endorsements Increase on Purchase Activity in Second Quarter

August 15, 2016
John Bancroft
The FHA endorsed a total of $61.54 billion of forward mortgages during the second quarter, according to a new Inside FHA/VA Lending analysis and ranking.
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Jumbo MBS Planned by JPMorgan Chase Includes Many Non-QMs

August 15, 2016
Brandon Ivey
Non-QMs will account for 20.2 percent of the planned $302.71 million JPMorgan Mortgage Trust 2016-2.
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Freedom Mortgage Acquires Sterling National Bank’s Mortgage Origination Operations

August 15, 2016
Brandon Ivey
Freedom had $13.27 billion of originations in the second quarter, up 42.5 percent from the previous quarter, according to Inside Mortgage Finance.
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