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Short Takes: Not Everyone Loves the New Fannie, Freddie Application / Okay, Who Bought the Subprime Deals? / PennyMac Gets Repo Line from JPM / MountainView Selling MSRs / Apps Fall

August 24, 2016
Paul Muolo
One source said that in the Angel Oak transaction, bidding started with eight investors…
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New GSE Application Allows for Cell Phone Numbers, Email Address, More. Industry Applauds

August 23, 2016
Paul Muolo
Regarding the omission of cell phone numbers and email addresses, one Florida-based mortgage executive said, “It drove us crazy – of all things not to have in this day and age.”
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The Final Tally: Nonbanks Battered by MSR Accounting in 2Q16

August 23, 2016
John Bancroft
Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...
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Short Takes: A 25 Percent Chance Uncle Sam Will Lose the GSE Lawsuits / Risk-Sharing Depletes Shareholder Value / Former Fannie CEO Mudd Settles with SEC / Mudd’s Second Act Didn’t Last Long / A New Hire for Closing Corp.

August 23, 2016
Paul Muolo
KBW believes all the GSE risk-sharing deals will “put further pressure” on the long-term value of the stocks of Fannie and Freddie…
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Mortgage M&A Activity Continues Apace; Eight Deals in Two Months

August 22, 2016
Paul Muolo
Meanwhile, it’s anticipated that private equity firms could play an even larger role...
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Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market

August 22, 2016
John Bancroft
By itself, the FHA insured 37.1 percent of first-timer business in the first half of 2016…
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MBA’s ‘Profit’ Falls Ever So Slightly; Revenues Increase Along With Salaries

August 22, 2016
Paul Muolo
The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.
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Tennessee Bank FB Financial Files for IPO, Looks to Increase Mortgage Business

August 22, 2016
Brandon Ivey
FB also services roughly $4.02 billion in residential loans…
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Call Reports Show Modest Increase in Mortgage-Banking Income for 2Q16

August 22, 2016
John Bancroft
The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…
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Mortgage Underwriters Make How Much?

August 22, 2016
Sherry Muolo
Stratmor based its findings on results from 36 companies. Most of the focus was on retail lending.
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