Short Takes: $3 Billion in Ginnie MSRs Up for Grabs / More Servicing Regulations from the CFPB / Sterne Agee Lowers Estimates on PHH / Which GSE CEO Leaves First? / LenderLive’s New Hire December 3, 2015 Paul Muolo and Thomas Ressler Now that President Obama has signed legislation to cap Fannie Mae/Freddie Mac CEO pay, which GSE chief will leave first?Read More
Purchase Lending the Star of 3Q15: $280 Billion; Best Showing Since 2007 December 3, 2015 John Bancroft At the same time, credit standards – at least in the agency market – have eased only slightly over the past two years...Read More
Mortgage REITs Quietly Investigating Options in Non-QM, Nonprime and Consumer Loans December 2, 2015 Paul Muolo Ellington Financial, a REIT that carries an 11.20 percent dividend and yield, has admitted to buying non-QM loans in past filings with the SEC, but has not racked up huge volumes...Read More
Looks Like a $13 Billion Year for United Wholesale Mortgage December 2, 2015 Paul Muolo UWM may soon surpass Stearns Lending to become the largest wholesale-broker lender in the nation...Read More
Groups Believe ‘Jumpstart GSE Reform Act’ Would Hinder Fannie/Freddie Reform December 2, 2015 Carisa Chappell G-fees were tapped in a recent highway transportation bill, but eventually the language was stripped from the measure…Read More
Mortgage Applications Down Slightly, but No Need to Panic December 2, 2015 Sherry Muolo ARM activity continues to be low at just 6.1 percent of new applications.Read More
Short Takes: Certain Branches Ready to Bolt Blackstone? / No Market Too Small / Beach Point Nonprime MBS Still on Track / CFPB Issues HMDA Compliance Guide / loanDepot Securitizes Personal Loans December 2, 2015 Paul Muolo and Thomas Ressler So, whatever happened to Beach Point Capital’s $70 million subprime MBS? Sources contend the deal is very close with strong investor interest...Read More
Jumbo Lending Declines in 3Q, Competition is Stiff December 2, 2015 Brandon Ivey Among the top five jumbo lenders, only Chase was able to increase its production between the second quarter and the third quarter.Read More
Short Takes: Xome Isn’t Exactly Uber / Investors Unite Cancels Miami Rally / MBA Wants Seat at Risk-Share Table / New Investor Loan from AOMS /New Hires for Pacific Union December 1, 2015 Paul Muolo, Sherry Muolo, and Carisa Chappell Xome isn't exactly Uber, said one Nationstar critic...Read More
CFPB Doubles $$$ Collected from Penalties but Seems Slow in Redistributing It December 1, 2015 Thomas Ressler At the CFPB, penalty money comes in, but doesn't necessarily go out very quickly...Read More