LoanStream Branches Out into Correspondent, Aims to ‘Dominate’ the Market November 6, 2018 Brandon Ivey LoanStream was already originating nonprime mortgages via retail and wholesale outlets...Read More
Rated MBS Backed by Fix-and-Flip Bridge Loans Likely November 6, 2018 Brandon Ivey Fix-and-flip financing has gradually increased each year since 2011…Read More
Short Takes: Calabria for the FHFA Job? / Egenhoefer’s New Gig? / Ocwen’s Share Price Gets Clocked / WAMCO Prepares EC MBS / Invitation Homes’ SFR Inventory / Fast-Growing Servicers November 6, 2018 Brandon Ivey and Paul Muolo Among the nation’s top 20 servicers at Sept. 30, Freedom Mortgage had the largest increase its MSR balances...Read More
Mortgage Brokers Gain Share in FHA Lending, but Lose Ground on VA November 5, 2018 John Bancroft United Shore Financial Services ran the top FHA wholesale-broker program, generating $1.53 billion during the third quarter.Read More
As the Clouds Roll In, Some Lenders Turn to Non-QM, Including FGMC November 5, 2018 Paul Muolo PIMCO, which controls FGMC, is no stranger to the non-QM market…Read More
New Residential in Talks with Multiple Lenders to Buy Non-QM Loans November 5, 2018 Brandon Ivey Nierenberg, a former Bear Stearns executive, stressed that New Residential is going to be relatively conservative with its underwriting standards for non-QMs.Read More
Ahead of 3Q18 Results, Impac’s Share Price Falls to a 52-Week Low November 5, 2018 Paul Muolo Impac’s share price fell to a new 52-week low Monday: $5.10.Read More
Mutual of Omaha’s MB Inks Deal to Buy Assets of BBMC November 5, 2018 Paul Muolo No details were provided regarding the assets that Synergy will take on…Read More
Short Takes: The Election Day Crystal Ball and the GSEs / One More Try at a GSE Bill? / Hensarling Wants to Bury the GSE Model / John Britti’s Extra Pay / A New Texas Branch for Waterstone November 5, 2018 Paul Muolo On Friday, long-time GSE critic Rep. Jeb Hensarling, R-TX, took one more rock to Fannie and Freddie... Read More
Non-Agency MBS Market Revels in a Banner Year, But… November 2, 2018 John Bancroft The nonprime sector has split off from jumbo, and there are now roughly 70 investors in the sector.Read More
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