A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales September 12, 2018 Paul Muolo Wedbush estimates that originations will fall by 8.0 percent this year…Read More
Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017 September 12, 2018 John Bancroft Through the first eight months of the year, Ginnie issuance was down 11.0 percent...Read More
S&P Estimates $63B of CMBS Exposure to Hurricane Florence September 12, 2018 Yemeng Yang The CMBS transactions with the highest potential exposure are collateralized by shopping malls and office properties in Northern Virginia...Read More
Jumbo Servicing Balances Up by Almost 11 Percent Year Over Year September 12, 2018 Brandon Ivey Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past year…Read More
Short Takes: Wells Fargo’s (Mortgage) Job Cuts / Annaly Poised to Buy More MSRs? / FHFA Seeks Comment / Eight Consecutive Quarters of Feeling Bad About Profit Margins / PenFed Hires a TV Journalist September 12, 2018 Paul Muolo Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights… Read More
Many Lenders Plan on Keeping Underwriting Standards ‘As Is’ September 11, 2018 Brandon Ivey One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”Read More
Blackstone Takes a Hard Look at Some of Incenter’s Mortgage-Related Operations September 11, 2018 Paul Muolo As one source put it: “Blackstone wants you to make it big or you’re gone.”Read More
Eager to Buy Jumbos, Redwood Offers a ‘Working Capital’ Option September 11, 2018 Brandon Ivey During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…Read More
MIAC Offering Fannie/Freddie MSR Package September 11, 2018 Paul Muolo The selling institution is described as a mortgage banking firm with a west coast concentration...Read More
Short Takes: What Will Become of the GSEs’ CSP? / How Much Is it Worth? / Capital One Warehouse Joins MBA / Two Utah Nonbanks Celebrate Anniversaries / PRMI Hires Former Wells Fargo LO September 11, 2018 Paul Muolo The nonprofit exchange must pay for any “property” associated with CSS…Read More
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