Nonbanks Kept Growing Origination Share in 3Q18 October 31, 2018 John Bancroft Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.Read More
Freddie Earned $2.7 Billion (Net) in 3Q18. Treasury Will Get $2.6 Billion October 31, 2018 Paul Muolo Freddie said it expects to make the $2.6 billion dividend payment in December.Read More
Short Takes: Parity for the FHLBs and FanFred? / Once a Contender / Newfi and Non-QM / Strong Earnings from First American but Anxiety Too / From Alibaba to MGIC October 30, 2018 Paul Muolo Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.Read More
loanDepot Unveils Warehouse Securitization for Mello Unit October 30, 2018 Paul Muolo Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.Read More
Digital Footprint Useful for Predicting Loan Defaults October 30, 2018 Brandon Ivey Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.Read More
A Possible Problem for Ginnie: Fannie/Freddie MBS Getting an Explicit Guarantee from Uncle October 30, 2018 Paul Muolo Rob Zimmer, director of external affairs for the Community Mortgage Lenders of America, is in the camp of those worrying about the ramifications…Read More
Fairholme Tells Investors Court Ruling ‘Should Advance’ the ‘Re-IPO’ of Fannie and Freddie October 30, 2018 Paul Muolo Fairholme adds: “This is good news when you count the cash that Fannie and Freddie have earned and will earn.”Read More
Mortgage Complaints Took a Dive in 3Q18 October 30, 2018 John Bancroft Wells Fargo once again led the complaint pack…Read More
Short Takes: Bill Dallas Speaks / FoA’s New Reverse Product / A Blow-Out Earnings Number from Freddie? / Fannie? / No Permanent President for Ginnie, Still / Former FHLB Chicago Exec Named President of CU Mortgage Firm October 29, 2018 Paul Muolo and Brandon Ivey On Wednesday, Freddie Mac will release third-quarter results...Read More
MBS Backed Fix-and-Flip Bridge Will Expand, Morningstar to Take a Conservative View Initially October 29, 2018 Brandon Ivey Fix-and-flip loans generally have terms that range from a few months to three years…Read More
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