Short Takes: Another Milestone for Angel Oak / Going After Bayview? / Mortgage Layoffs at HomeStreet / Genworth Unveils Rate Card Reductions / A Promotion at PRMI April 25, 2018 Paul Muolo HomeStreet Bank, Seattle, revealed in its earnings statement this week that it chopped 86 full-time positions.Read More
Originations Fall 19 Percent at Flagstar; Bank Keeps Selling MSRs April 24, 2018 Paul Muolo Flagstar sold $12 billion of mortgage servicing rights as well…Read More
The FHA Share of Mortgage Complaints Filed with the CFPB: 13 Percent April 24, 2018 George Brooks According to the CFPB’s annual report on consumer disputes, the bureau received roughly 37,300 mortgage complaints in 2017...Read More
Western Asset Management Preparing to Issue Non-QM MBS April 24, 2018 Brandon Ivey Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS…Read More
Short Takes: In Service of Fannie, Freddie and the Common Good / Fannie Ponies up to the REITs / Amazon a Bank? Good Luck with That / NYDFS Investigates RTO / FofA Hires loanDepot Manager April 24, 2018 Paul Muolo and Brandon Ivey A new policy change implemented by Fannie Mae will allow REITS, come May 1, to start investing in the GSE’s Connecticut Avenue Securities risk-transfer deals. Read More
A Trio of Prime Non-Agency MBS Deals Ready to Hit the Market April 24, 2018 Brandon Ivey Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken…Read More
PennyMac Executive Chairman Stan Kurland Took Home $9.5M in 2017 April 23, 2018 Paul Muolo Last year, PennyMac, a publicly traded real estate investment trust, earned $102.5 million in 2017, a 35 percent improvement from the year before.Read More
Angel Oak Targets Commercial Mortgages, Will Focus on $5M and Under… April 23, 2018 Paul Muolo In 2017, Angel Oak affiliates originated a company record $1.1 billion of non-qualified mortgages, a 40 percent improvement from the year prior.Read More
M&A Mania is Hitting the Mortgage Vendor Market April 23, 2018 Paul Muolo Earlier this month, Stone Point Capital bought due diligence advisor American Mortgage Consultants for an undisclosed sum…Read More
Jumbo MBS Underwriting Holds Steady, Banks Remain Top Contributors April 23, 2018 Brandon Ivey Some $4.23 billion of prime jumbo MBS was issued in the first quarter of 2018, the best showing since 1Q15…Read More
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