Nonbanks Top Contributors to Second Quarter Jumbo MBS July 28, 2015 Brandon Ivey Among the top 10 contributors to jumbo MBS through two quarters this year, half were banks or associated with banks. Read More
Banks Key ‘Behind the Scenes’ Players in Looser Credit: Lending to Borrowers One Day Out of Foreclosure July 28, 2015 Paul Muolo The lender could not provide any volume figures, but Logemann said one in 10 inquiries she receives “has some element” of a consumer who has gone through a foreclosure or short saleRead More
Flagstar Production Up Almost 17 Percent; Sells $386 Million of IOs July 28, 2015 Paul Muolo Meanwhile, the thrift’s gain-on-sale profit totaled 121 basis points compared to 127 in 1Q and just 82 in the second quarter of 2014.Read More
Former GMAC Mortgage President Abreu Launches Retail/Wholesale Lender July 28, 2015 Paul Muolo Abreu ran GMAC from October 2009 to 2013. He then went to work for Ellington Management Group where he headed originations.Read More
Loan Production Spikes at Guild Mortgage July 28, 2015 Sherry Muolo Purchase loans made by Guild totaled $4.4 billion in the first half of 2015, accounting for 66.1 percent of all production.Read More
Short Takes: Trump Mortgage an Operational ‘Train Wreck’? / Parkside Launches Non-QM Loan for Investors / What Would ‘Crush’ Housing? / mREIT Posts Strong Earnings July 28, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Operational problems at Trump Financial? It's all history now...Read More
Castle & Cooke Has Big Plans for Government Lending July 27, 2015 George Brooks Recently the company opened a new branch office in Anaheim, CA, bringing to 38 the number of C&C branch offices across the nation.Read More
Banks Ramp Up Holdings of GSE Eligible Loans – JPMorgan In Particular July 27, 2015 Brandon Ivey During JPM’s recent earnings call, Lake said “over half” of the new portfolio additions were jumbos and “the other half” were conventional mortgages.Read More
Latest Jumbo MBS from JPM Includes ARMs, IOs Mostly Originated by First Republic July 27, 2015 Brandon Ivey The vast majority of the jumbos were originated by First Republic Bank and have seasoned for an average of 2.4 years.Read More
Residential Lending Rises 44 Percent at PennyMac July 27, 2015 Paul Muolo PennyMac increased its servicing portfolio to $136 billion at June 30, an 18.2 percent sequential gain. Read More