Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months December 13, 2017 Paul Muolo Citadel CEO Dan Perl: “We’re on a hiring spree.”Read More
Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton December 13, 2017 Paul Muolo In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”Read More
Senate Vote on FHA Nominee Could Come Before Yearend December 12, 2017 George Brooks If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…Read More
JPM’s New Non-Agency MBS Chock Full of ‘Agency Eligible’ Loans December 12, 2017 Brandon Ivey The conforming mortgages in the deal were largely originated by correspondent lenders…Read More
REITs and Nonprime Lenders Look to Strike ‘Working Relationships’ December 12, 2017 Paul Muolo Mike Fierman, managing partner and co-CEO of the Angel Oak Companies: “I get calls every day” from investment funds.Read More
Nonprime Lending Competition Could Heat up in 2018 December 12, 2017 Paul Muolo It appears that Angel Oak, Caliber and Citadel Servicing Corp. might have more company in the nonprime arena come next year…Read More
Jumbo Delinquency Rate Increased in 3Q17, but in Line with Overall Market December 12, 2017 Brandon Ivey Late-payment rates rose due to a number of factors…Read More
VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed December 11, 2017 George Brooks USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.Read More
Surprise: The Subprime Delinquency Rate Jumps in 3Q17 December 11, 2017 Brandon Ivey The dollar volume of outstanding subprime mortgages continues to decline…Read More
It’s that Time of the Year: Mortgage Layoffs December 11, 2017 Paul Muolo Still, large cutbacks have not been the norm, at least not yet…Read More
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