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Correspondent Production Up Slightly in 3Q15; Retail and Broker Lending Take a Tumble

November 24, 2015
John Bancroft
Stearns Lending was the top table funder in 3Q15 with $2.95 billion originated through loan brokers. United Wholesale Mortgage was an extremely close second at $2.94 billion.
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IMA Working on MSR Deals that Could Net Almost $3B of Flow and Bulk

November 24, 2015
Paul Muolo
It may be holiday week, but Interactive Mortgage Advisors is out with a handful of new MSR offerings...
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Short Takes: Loan Brokers See a Drop in Market Share / NAR, Others Want GSE Language Attached to Spending Bill / Who Said Treasury Wants to Sell Its Preferred Stock Anyway? / Fannie and Freddie are Not Equal / Angel Oak Offers a 10 Percent Subprime Loan

November 24, 2015
Paul Muolo
In case you’re wondering, Fannie Mae has a market capitalization rate of $12.28 billion, Freddie Mac $6.86 billion. Why?
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Freddie Mac: Regulation Could Re-Ignite Consolidation of the Servicing Market

November 24, 2015
Brandon Ivey
"Many servicing functions resemble the assembly line processes used in auto manufacturing," said a new report from Freddie Mac.
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Is a Cut in Fannie/Freddie Guaranty Fees in the Cards for 2016?

November 24, 2015
Brandon Ivey
Barclays believes there is both an economic argument and a policy argument for reducing GSE guaranty fees…
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Short Takes: When Will the FHFA Say Something About Captives? / FHLB Advances Decline / Banks Still Top the List of Borrowers / LoanStar LO Count Reaches 120 / Executive Bolts LenderLive for Clayton

November 23, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
LoanStar expects to originate $750 million of home mortgages this year and has set a goal of doubling that in 2016…
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Mortgage Profits at Banks Take a Turn for the Worse in 3Q15

November 23, 2015
John Bancroft
Unless mortgage-banking income takes another steep downturn in the fourth quarter, 2015 will likely prove more profitable than 2014 by a slim margin.
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Are Mortgage Lenders Missing the Mobile Boat?

November 23, 2015
Thomas Ressler
However, 40 percent of those lenders who do not offer a mobile app plan to make one available over the next 12 months.
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Eventually, loanDepot Will Go Public; As for the CFO Resignation…

November 23, 2015
Paul Muolo
One investment banker familiar with the firm said, “a CFO disruption so close to the IPO just doesn’t look good.”
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Mixed Views Abound on GSE Loan Limits

November 23, 2015
Carisa Chappell
The 2008 Housing and Economic Recovery Act stipulated that the baseline limit could not be lowered when house prices were falling. And during recovery, there could be no increase until the HPI reached its previous high, in the third quarter of 2007.
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