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Retail Channel Gained Share in Some Markets

June 12, 2018
John Bancroft
Mortgage brokers actually gained some share in the government market…
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Sierra Pacific Hires Ex-Stearns, Ex-Wells Executive Goulding

June 12, 2018
Paul Muolo
A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…
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Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine

June 12, 2018
Paul Muolo and Yemeng Yang
JMP likes the higher profit margins that accompany non-QM lending…
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Organizational Changes to CFPB Might Have Profound Impact

June 11, 2018
Mick Mulvaney has made many significant changes at the CFPB since President Trump named him acting director of the agency in November. Attorneys said the organizational changes may have the most profound impact. Mulvaney was not a fan of the consumer bureau, which he called a joke “in a sick, sad way.” Six months into his interim tenure, he was doing everything he could to change the consumer agency both structurally and operationally, in how it makes ...
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Bank MSR Holdings Decline Again in 1Q18, but Valuations Hit Record High

June 11, 2018
John Bancroft
Banks have been reducing their servicing for others since late 2009…
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American Action Forum: Merge the GSEs into HUD. (You Heard that Right)

June 11, 2018
Carisa Chappell
The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…
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Cardinal Financial/Sebonic in Talks With Peoples Home Equity?

June 11, 2018
Paul Muolo
Earlier in the decade, Sebonic was started by former employees of RoundPoint Financial...
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Pittsburgh Bank Agrees to Sell its Consumer Finance Unit

June 11, 2018
Paul Muolo
Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.
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MBS and ABS Issuers Taking Steps to Address Move Away from LIBOR

June 11, 2018
Brandon Ivey
The banks that report rates that form the basis of LIBOR won’t be required to participate in the survey after 2021…
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Short Takes: Celebrity Wants to be a Player in Mortgage M&A / Commercial Bank Seeks Mortgage Company / Garrett on LO Pay / Genworth Sale Clears a Hurdle / Wells Fargo LO Bolts for Nonbank

June 11, 2018
Paul Muolo
Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."
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Latest Imf News

  • Largest Issuers Drive Down ECM MBS Issuance in 2Q

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  • Trade Groups Call for FHA Reforms

  • Affordability Gets Boost in Some Pockets of Starter Home Market

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Featured Data

  • Ginnie Issuance Soars in 2Q; Purchase Mortgages Strong

  • Non-Agency MBS Issuance Declines in Second Quarter

  • MBS/ABS Issuance Rises in 2Q26, But Momentum Stalls

  • Lenders Put an Emphasis on FHA, VA Loans in 2Q

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  • Guide to Mortgage Lending to First-Time Homebuyers

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