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Short Takes: Fannie’s First NPL Sale Draws Near? / Former Subprime Executives Stage a Comeback / Golden First Settles with FHA for $36 Million / BofA Top Seller to Freddie

April 2, 2015
Paul Muolo and George Brooks
According to an informational circular on Angel Oak Mortgage Solutions, some of the top executives at the firm used to work for Southstar Funding in Sandy Spring, GA.
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Industry Vet Newman Unveils Expansion Plans for New Mortgage Acquisition

April 2, 2015
Paul Muolo
Maverick, which will take on the Home Point name, services roughly $1 billion in home mortgages.
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Refinance Surge Lifts GSE Business in Early 2015, Freddie Regained Some Market Share

April 2, 2015
Business is booming at Fannie Mae and Freddie Mac thanks to a healthy surge in refinance activity, according to a new Inside Mortgage Finance analysis of mortgage-backed securities issued by the two government-sponsored enterprises during the first quarter of 2015. Fannie and Freddie issued a total of $189.92 billion of single-family MBS during the first three months of the year. That was up 5.9 percent from the fourth quarter of 2014, and it marked the biggest output for the GSEs since the third quarter of 2013. Early 2015 was leaps and bounds ahead of the pace set during the same period last year, which marked a 14-year low in mortgage production. All of the oomph came...[Includes three data charts]
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Thanks to Refis, A Sweet Issuance Quarter for Fannie and Freddie

April 2, 2015
John Bancroft
Refinance loans accounted for over half (62.2 percent) of total GSE business during the first quarter...
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Zacks Goes Against the Grain and Downgrades MGIC

April 2, 2015
George Brooks
Zacks Investment Research downgraded MGIC Investment Corp. by two notches...
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Former FDIC Chief Isaac: No Capital for the GSEs is a Bad Idea

April 2, 2015
Carisa Chappell
In years past, some have likened Fannie and Freddie to being giant thrift institutions...
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Impac’s 1Q Volume Surge Aided by CashCall Acquisition

April 2, 2015
Brandon Ivey
Tomkinson plans to increase CashCall’s licensing by an additional 30 states within 60 days.
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RoundPoint Will Keep Buying Servicing on a Flow Basis; As for the Sale…

April 1, 2015
Paul Muolo
An outside public relations representative for RoundPoint said the company does not comment on M&A rumors.
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Short Takes: A Record Production Month for One Lender / Another LLPA Change From Fannie Mae / Trouble for Altisource Residential? / Auction.com Updates Forecast / Former Fannie Chief Mudd Appears in Court

April 1, 2015
Paul Muolo
Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...
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The Problem with 2014 Mortgage Profits: A Weak Return on Originations

April 1, 2015
John Bancroft
Residential originations for the group fell 45.7 percent from 2013, indicating that profit margins shrank slightly more than production volume.
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