Short Takes: Pickup Picks Up the Pace on Impac Buys / Buy Low, if You Can Get It / Stolen GSE Money? / No Longer ‘Distressed’ / New AI Chief Starts his Term January 2, 2018 Paul Muolo Richard Pickup, a real estate investor by trade, owns more than 10 percent of Impac… Read More
The Story (So Far) on Non-QM MBS: Few Losses, Some Delinquencies; Investors Pleased… December 29, 2017 Brandon Ivey A $150.4 million deal from Angel Oak Capital Advisors issued in December 2015 had a cumulative net loss of just 0.02 percent…Read More
A Gain for Correspondents in Jumbo Market Share December 29, 2017 Brandon Ivey Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…Read More
MBS Analysis: Looks Like the GSEs are Taking Market Share from FHA December 29, 2017 Carisa Chappell Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…Read More
What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break December 29, 2017 Paul Muolo We get the sense that merger and acquisition activity could be fierce as profit margins tighten... Read More
Expected on GSE Reform: Reconstituted Versions of Fannie and Freddie but… December 28, 2017 Paul Muolo What’s gestating now in Congress may represent the best chance of reforming the secondary market since Fannie Mae and Freddie Mac were placed into conservatorship in September 2008…Read More
The Ocwen Legal Settlement Tally: 25 Down, Five to Go December 28, 2017 Brandon Ivey Ocwen’s stock price peaked earlier in the decade at roughly $60.00 a share…Read More
Banks Continue to Add Home Mortgages to Portfolio December 28, 2017 Brandon Ivey JPMorgan Chase continued to boost its first-lien holdings even as it issued a number of relatively large jumbo MBS deals…Read More
Guaranteed Rate Rolls Out New Jumbo Loan with No MI December 28, 2017 Paul Muolo The nonbank is also allowing a 50 percent debt-to-income ratio on the product.Read More
Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren December 28, 2017 Paul Muolo The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…Read More
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