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Originations
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With Blackstone’s Blessing, Incenter Agrees to Buy Servicing Broker Interactive Mortgage Advisors

February 10, 2016
Paul Muolo
In the fourth quarter, IMA sold $30 billion of mortgage servicing rights for its clients...
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The Final Tally on Mortgage Income at Banks: 4Q Not-so-Good; Full Year Better

February 10, 2016
John Bancroft
Most of the decline came among the largest banks, with many regionals turning in stronger results in the fourth quarter…
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Proposed FY 2017 U.S. Budget Estimates a $9.1 Billion Profit for FHA

February 10, 2016
George Brooks
Now, for the obvious question: With greater profits coming, will HUD allow FHA to cut premiums?
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Redwood Trust Pulls the Plug on Its Commercial MBS Conduit, More Layoffs

February 10, 2016
Paul Muolo
Redwood noted that although it is quitting commercial mortgage production, it will continue to “opportunistically invest in mezzanine and subordinate CMBS tranches that meet our risk/return profile.”
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Short Takes: Everything’s Coming Up Blackstone / Odds Increase for an FHA Premium Cut? / Volatile Rates a GSE Problem? / U.S. Bank No Longer Facing Servicing Restrictions / Correction on Redwood Numbers

February 10, 2016
Paul Muolo, George Brooks, and Brandon Ivey
Falling rates are great for the mortgage industry, right? Yes and no...
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The New White House Budget: $151.5 Billion of GSE Dividends to Come – Right to Uncle Sam

February 9, 2016
Paul Muolo
The White House still wants to kill Fannie and Freddie, but in the meantime it benefits from the their healthy revenue streams...
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Shakeup at Ditech Financial: Patti Cook Out as President, David Schneider Is In

February 9, 2016
Paul Muolo
Shakeup at Ditech Financial: Patti Cook Out as President, David Schneider Is In
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The Emotional Relief Provided by the CFPB’s ‘Clarifying’ Letter Has Since Faded

February 9, 2016
Paul Muolo
For now, the CFPB isn't talking about the matter...
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GSE MBS Production Slipped in January. A TRID ‘Ice Patch’?

February 9, 2016
John Bancroft
MBS issuance rebounded in December, with Fannie/Freddie production rising 17.7 percent. In other words, had TRID not caused a December bump in GSE business, January could have looked better than it did.
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Jefferies Rolls Out MBS Backed by a Revolving Warehouse Line

February 9, 2016
Brandon Ivey
The loans backing the bond will be originated by nonbanks Ditech Financial and loanDepot.
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