Private MIs Boost Share of Agency Purchase Loans January 16, 2019 John Bancroft The FHA share of insured purchase loans has been falling…Read More
Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending January 16, 2019 Paul Muolo Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.Read More
Residential Production Falls 17 Percent at Wells Fargo, Mortgage Profits Plunge January 15, 2019 Paul Muolo Management blamed the lower figures on “seasonality.”Read More
Residential Production Down by Almost 24 Percent at No. 2-Ranked JPMorgan Chase January 15, 2019 Paul Muolo JPM valued its MSR portfolio at 117 basis points at the end of the fourth quarter, reducing the mark from 122 bps in 3Q18...Read More
First Republic Bucks the Trend and Increases Mortgage Originations January 15, 2019 Brandon Ivey Jumbo mortgages account for the vast majority of First Republic’s single-family production.Read More
Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank January 15, 2019 Yemeng Yang Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...Read More
Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel January 15, 2019 Dennis Hollier and Paul Muolo We understand a bit of a price war may be brewing in the non-QM market... Read More
Retail Channel Continues to Lose Market Share as Correspondent Surges January 14, 2019 John Bancroft Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...Read More
Redwood Set to End Lull in Prime Non-Agency MBS January 14, 2019 Brandon Ivey The Redwood transaction is set to close Jan. 17…Read More
Citigroup Sees Retail Residential Production Drop by Almost 15 Percent January 14, 2019 Paul Muolo Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...Read More
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