It’s Thanksgiving Week but the MSR Auctions Keep Coming November 24, 2015 Paul Muolo The average loan size is $15.36 million, the average interest rate 3.60 percent. Read More
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.Read More
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...Read More
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?Read More
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. Read More
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…Read More
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… Read More
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.Read More
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.Read More
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.”Read More