Nationstar Reports 2Q18 Results: Income and Servicing Down, Originations Up July 17, 2018 Paul Muolo Nationstar said it continues to “evaluate significant servicing growth opportunities” and expects to end 2018 with at least $530 billion of MSRs...Read More
Despite a Slim Profit Margin, Redfin Hopes to Raise $239 Million by Selling Equity and Debt July 17, 2018 Paul Muolo The company released an estimate of earnings for the second quarter of 2018, forecasting a profit of $2.6 million to $3.2 million on revenues of about $142.1 million.Read More
Court Rules FHFA’s Structure Violates the Constitution. But Upholds Treasury Sweep July 17, 2018 Carisa Chappell The court said Congress encased the regulator in layers of insulation, which limits the president’s power to remove and replace the FHFA director... Read More
Still Festering: the VA IRRRL ‘Orphan’ Loan Mess July 17, 2018 Paul Muolo “We want to get more bidders involved,” said MBA’s Pete Mills…Read More
Short Takes: The Slow Fade of Banks Continues / False Claims Act Relief on the Way? / A Bank Advertising Mortgages on National TV / The Next Move for Bob Ryan of the FHFA? / Fannie Elects a New Director with a Blockchain Background July 17, 2018 Paul Muolo Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…Read More
Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction July 16, 2018 John Bancroft, Brandon Ivey, and Paul Muolo Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...Read More
High DTIs and Other Concerns at FHA Give Way to Weekly ‘Triage’ Meetings July 16, 2018 Paul Muolo Among FHA loans endorsed in April and May, only 41.9 percent were at or below the benchmark DTI test for qualified mortgages, which is 43.0 percent.Read More
A 23 Percent Increase in Home Lending for Bank of America July 16, 2018 Paul Muolo Bank of America no longer breaks out mortgage income separately.Read More
Non-Agency MBS (Backed by New Production) Hits Another Quarterly Record July 16, 2018 Brandon Ivey Prime jumbo mortgages continue to account for the majority of non-agency MBS issuance…Read More
Trades Urge Congress to Extend NFIP. NAR Fears Lost Home Sales… July 16, 2018 George Brooks NAR fears a major loss in home sales...Read More
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