Short Takes: PHH and the Merrill PLS Contract? / What About Morgan and HSBC? / Stonegate Buries the Lead / Compass Point Not Impressed with Walter / PennyMac Joins an FHLB May 7, 2015 Paul Muolo and Brandon Ivey Most firms report the earnings/loss figure in the first or second paragraph of their press release, but not Stonegate Mortgage.Read More
PennyMac Set to Acquire $9.3 Billion of Ginnie Mae MSRs; Boosts Originations May 7, 2015 Brandon Ivey PennyMac Financial Services also originated $8.9 billion of home mortgages in 1Q, an 11.3 percent increase compared to the previous quarter.Read More
Two Harbors Reports a Profit for 1Q, Sees Opportunities in MSR Acquisitions May 7, 2015 Brandon Ivey Two Harbors is developing a network of lenders that will sell MSR assets to the company on a flow basis.Read More
Short Takes: FHFA’s Reps-and-Warranties Clarifications a Bust? / Deephaven’s Nonprime Volume a Mystery / A ‘Responsible’ Nonprime Lender / Mostly a Seller’s Market for Homes? May 6, 2015 Paul Muolo Deephaven's website boasts that it helps “aspiring” homeowners “purchase homes as soon as one day after foreclosure or short sale.” Read More
Bank of America Throws 203(k) Loan Program Overboard May 6, 2015 Paul Muolo Among all FHA originators, Bank of America ranks eighth nationwide, based on January figures...Read More
Trade Group Calls for Disclosures on Loan Officer Qualifications May 6, 2015 Thomas Ressler Such disclosures also should show whether the LO has passed the SAFE Act test.Read More
Broker Market Share Up to 13 Percent; Is 20 Percent Doable? May 6, 2015 Paul Muolo Now that brokers are gaining traction, the big question becomes: how much more market share can they gobble up?Read More
First Republic Remains Top Jumbo MBS Lender May 6, 2015 Brandon Ivey Fun fact: First Republic was the only bank among the top five contributors to jumbo MBS issued in the first quarter. Read More
Report: A Large Chunk of VA Loans are Not Closing On Time May 5, 2015 George Brooks “For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.Read More
Freddie’s CEO Layton: Earnings Won’t Rise Much From Here May 5, 2015 Paul Muolo In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.Read More
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