The Final Tally for 2017: $251 Billion of FHA Loans March 14, 2018 George Brooks California led all states in FHA mortgage securitization with $39 billion…Read More
Impac Gets Slammed by Lower Originations, Trump Tax Bill; Long-Time CEO Joe Tomkinson is Departing March 14, 2018 Paul Muolo The company confirmed that long-time chairman and CEO Joe Tomkinson will be stepping down at the end of July...Read More
Ginnie Mulls Changes to MSR Pacts to Improve Nonbank Liquidity March 13, 2018 George Brooks Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…Read More
Short Takes: Impac, the Day Before the ‘Ides of March’ / A Boost for Ditech? / Market Cap? / CFPB Cedes Power to the States / A Promotion at NTC March 13, 2018 Paul Muolo and Yemeng Yang Under Acting Director Mick Mulvaney, the CFPB will rely on state regulators and state attorneys general for more leadership when it comes to enforcement...Read More
Banks Continue to Invest in First Liens; Holdings Up 4.1 Percent March 12, 2018 Brandon Ivey Wells remained the top portfolio holder at the end of 2017, though Chase and BofA grew faster.Read More
KBW Issues Caution on New Freddie MI Pilot; Looks Like USMI Implored FHFA to Kill the Product? March 12, 2018 Paul Muolo The USMI fears the pilot “marks an unprecedented encroachment of Freddie Mac’s footprint into primary mortgage markets…”Read More
Citadel Loosens Underwriting Standards on Nonprime Products, Citing Strong Loan Performance March 12, 2018 Brandon Ivey Citadel introduced a 5/1 hybrid adjustable-rate mortgage and a 5/25 interest-only term loan…Read More
Mortgage Brokers Add Jobs, Bankers Don’t; JPM, Quicken, Others are Hiring March 12, 2018 Paul Muolo Quicken Loans continues to hire technology-related workers…Read More
M&A Market Heats Up; Skyline Entertaining Takeover Talks? March 12, 2018 Paul Muolo Consultant Dave Lykken: “There are some firms out there that are just flat out of cash. They just didn’t get ahead of this thing.”Read More
Short Takes: Amazon Wants to Enter the Mortgage Industry (Good Luck with That) / Who is Nick Clemente? / Risk and the GSEs / Essent’s Risk-Sharing Deal / A New Hire for Recovco March 12, 2018 Paul Muolo and Brandon Ivey From what we understand, the Amazon executive spearheading the effort is Nick Clemente...Read More
RSS