First California Mortgage Still Operating? January 2, 2018 Paul Muolo FCM is headed by Chris Hart, who is also a member of Fannie Mae’s western region advisory board.Read More
New Wholesale Non-QM Lender Altloan Promises to be a ‘Disruptor’ January 2, 2018 Brandon Ivey Looks like Angel Oak, Caliber and Citadel Servicing Corp. are about to get some competition in the non-QM sector…Read More
The Story (So Far) on Non-QM MBS: Few Losses, Some Delinquencies; Investors Pleased… December 29, 2017 Brandon Ivey A $150.4 million deal from Angel Oak Capital Advisors issued in December 2015 had a cumulative net loss of just 0.02 percent…Read More
Want to Buy Mortgage Servicing Rights? You’d Better Have a License December 29, 2017 Brandon Ivey “If the state requires it, then the GSEs would require it, and could use their remedies in connection with any failure to do so,” said one attorney…Read More
MBS Analysis: Looks Like the GSEs are Taking Market Share from FHA December 29, 2017 Carisa Chappell Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…Read More
A Gain for Correspondents in Jumbo Market Share December 29, 2017 Brandon Ivey Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…Read More
What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break December 29, 2017 Paul Muolo We get the sense that merger and acquisition activity could be fierce as profit margins tighten... Read More
HUD IG Anxious About Legacy Tech Systems; 87 Percent are ‘Old’ December 29, 2017 Paul Muolo What could go wrong? For starts, FHA might not be able to pay claims…Read More
Expected on GSE Reform: Reconstituted Versions of Fannie and Freddie but… December 28, 2017 Paul Muolo What’s gestating now in Congress may represent the best chance of reforming the secondary market since Fannie Mae and Freddie Mac were placed into conservatorship in September 2008…Read More
Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren December 28, 2017 Paul Muolo The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…Read More
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