Mortgage Complaints in the Windy City on Par with National Average October 28, 2015 Thomas Ressler Of the 21,100 complaints submitted by consumers in the region, 27 percent have been related to mortgages.Read More
Earnings and Production Drop at EverBank; MSR Sale to Nationstar Pending October 28, 2015 Paul Muolo The sale of mortgage servicing rights to Nationstar should transfer by Nov. 1.Read More
Lenders Get Ready: Hispanic Borrowers Could Provide a Surge in Originations October 28, 2015 Carisa Chappell In addition to alternative credit scoring models and low downpayment products, panelists suggested more public/private partnerships are needed to create affordable housing communities. Read More
Short Takes: Will Ocwen Short-Sellers Get Squeezed? / What Will Faris Say About Origination Growth? / Another Loss for NMI / Guild Sets Origination Record / NYDFS Chief Albanese Departs October 28, 2015 Paul Muolo The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...Read More
The Final HMDA Tally for 2014: Conventional Conforming the Market Leader, By Far October 27, 2015 John Bancroft The privately held Quicken Loans was also the biggest originator of government-insured loans, accounting for 5.7 percent of the sector.Read More
Radian Profit Jumps 40 Percent in 3Q, a Slight Decline in NIW October 27, 2015 Paul Muolo For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.Read More
An Earnings Increase at Flagstar; Thrift Keeps Selling MSR Assets October 27, 2015 Paul Muolo Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.Read More
Correspondents Up, Brokers Down in 3Q15 October 27, 2015 John Bancroft Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.Read More
Short Takes: FBR Says Goodbye to PennyMac / A Sweet Dividend At Least / Revenue Figures for Radian’s Non-MI Unit / The Earnings Power of Flagstar’s Balance Sheet / Genworth Agrees to Sell European MI Division October 27, 2015 Paul Muolo However, in a final note on the companies, FBR analyst Paul Miller called PMMIT an “outperform,” while giving it a price target of $20…Read More
Suddenly, 2016 Residential Production Isn’t Looking So Bad; Then Again… October 26, 2015 John Bancroft Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.Read More