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Redwood’s Mortgage Income Takes It on the Chin; But Outlook Improves

May 5, 2015
Brandon Ivey
Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter.
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Nationstar’s Stock Hammered After Firm Posts $48 Million 1Q Loss

May 5, 2015
Paul Muolo
On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.
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Report: A Large Chunk of VA Loans are Not Closing On Time

May 5, 2015
George Brooks
“For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.
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Freddie’s CEO Layton: Earnings Won’t Rise Much From Here

May 5, 2015
Paul Muolo
In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.
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Short Takes: CFPB Holds a Candle for the 'Credit Invisible' / Walter Gets Smacked Around Too / New Fannie MF MBS / Correction on MDS

May 5, 2015
Paul Muolo
Fannie Mae reported Tuesday that the GSE issued $10.4 billion of multifamily MBS in the first quarter of 2015, primarily through its delegated underwriting and servicing program.
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Securitization of Seasoned Fannie/Freddie Mortgages on the Rise

May 4, 2015
Paul Muolo
Over the past few years, both the mega banks and regionals have been keeping some of their agency-eligible loans in portfolio...
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VA Loan Production Almost Equal to FHA – Thanks to Refis

May 4, 2015
George Brooks
Wells Fargo, top VA seller to Ginnie Mae, showed a modest 7.6 percent increase in Ginnie MBS issuances in the first quarter...
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State Regulators Found Evidence of Document Tampering by Servicers

May 4, 2015
Brandon Ivey
“Some companies were proactive in addressing these deficiencies in a timely fashion while others' control structures remained problematic,” the MMC said.
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Quicken Raises $1.25 Billion of Debt at Attractive Yields

May 4, 2015
Paul Muolo
Quicken is controlled by Michigan businessman Dan Gilbert, who has been aggressively purchasing Detroit area real estate the past few years.
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Hatteras Financial Builds Holdings of Jumbo ARMs

May 4, 2015
Brandon Ivey
Hatteras held $123.3 million of jumbo ARMs at March 31, a 296 percent increase over three months.
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