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Morgan Stanley Declares 5.2 Percent Stake in PHH Corp.

August 22, 2017
Paul Muolo
PHH is in the throes of transforming from a business predicated on private-label originating and servicing to being mostly a subservicing vendor.
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Watchdog Group Seeks Answers from CFPB About Clayton Homes’ Lending Practices

August 22, 2017
Thomas Ressler
Clayton Homes is one of the nation’s largest mobile home sellers, and is owned by Warren Buffett’s Berkshire Hathaway.
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Ellington Financial Sells $86 Million Worth of Notes

August 22, 2017
Sherry Muolo
Ellington is showing an increasing interest in the non-QM market…
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Short Takes: loanDepot’s Hsieh has Some Fun / Fannie’s Forecast / Finance of America Ramps Up Reverses / Jumbo Credit Standards Loosened, Somewhat / New Regional Hires for Silver Hill

August 22, 2017
Brandon Ivey and Paul Muolo
No update from loanDepot on the IPO, but CEO Anthony Hsieh took some shots at the rumor mill...
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The Final Tally for 2Q17: FHA Lending Up, VA Production Down

August 22, 2017
George Brooks
Nonbank home originators continued to dominate the top five FHA rankings...
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A New Tally: Nonconforming Originations Hit $7 Billion in 2Q17

August 21, 2017
Brandon Ivey
Our ranking of the nonconforming sector is divided among lenders that specialize in the products and those where it accounts for a small slice of production.
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Watt Hinted He Won’t Alter the Dividend Payment Soon but That Doesn’t End the Debate

August 21, 2017
Paul Muolo
One lobbyist told Inside Mortgage Finance this week he believes that Watt eventually will strike a deal on the issue with Treasury, but he was uncertain how it might play out.
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Deephaven Mortgage Managing Director Brett Hively Departs; Former Quicken Executive His Replacement

August 21, 2017
Paul Muolo
Hively’s resume includes stints at Goldman Sachs (where Nichols also worked), New Century Mortgage Co., and Option One Mortgage.
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Bank Investment in MBS Sets a New Record: $1.799 Trillion

August 21, 2017
John Bancroft
Total bank investment in residential MBS rose by $36.28 billion during the second quarter…
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Millennials Have Major Homebuying Anxiety

August 21, 2017
Sherry Muolo
Having enough money to make a downpayment was a concern of 63 percent of millennial respondents…
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