Top-Ranked Warehouse Lender Texas Capital Launches Correspondent Effort July 23, 2015 Paul Muolo One competitor to TCB said he is aware of the correspondent launch, but said “So far, they haven’t gotten any traction with our customer base.”Read More
MBA Feeling More Bullish on Purchase Lending; The Millennial Effect? July 23, 2015 Sherry Muolo The trade group also is seeing an increase in mortgage "pull-through" rates.Read More
As FHFA Dawdles Over Captive Rule, REITs Ramp up Borrowings July 23, 2015 Paul Muolo Another REIT ramping up advances is Two Harbors Investment Corp., which – like Redwood – is active in the jumbo MBS market. Read More
Short Takes: Originations to Foreign Nationals Booming? / A Profit and LPMI Figures from Radian / Things Looking up at Ocwen? / An MPF First July 22, 2015 Paul Muolo, George Brooks, and Brandon Ivey Who says the future looks bleak for Ocwen Financial? Not Sterne Agee CRT...Read More
The Battle Continues Over Extending the 10-Basis-Point G-Fee ‘Tax’ July 22, 2015 Paul Muolo It appears that Democrats just won't give up on trying to tap guaranty fee revenue.Read More
Mortgage Applications Rise Ever So Slightly July 22, 2015 Sherry Muolo Some originators continue to offer mortgages at rates of under 4.0 percent, depending on the loan amount and points charged.Read More
It’s Official: CFPB Finalizes New TRID Effective Date of October 3 July 22, 2015 Thomas Ressler Many mortgage lenders continue to press the bureau – or failing that, Congress – to formally provide an extended “hold harmless” enforcement period...Read More
The Mortgage IPO Market is Dead – For Now July 22, 2015 Paul Muolo Some consultants and analysts would add Stonegate Mortgage to the list of negatives weighing on the mortgage equities market.Read More
Short Takes: Some Details on LPMI Volume and Discounting / Happy Birthday to the CFPB and Dodd-Frank? / Do Mortgage Firms Need a Chief Risk Officer? / Annaly Gets a New CEO July 21, 2015 Paul Muolo and Thomas Ressler Happy birthday to the CFPB? Well, it all depends on which side of the mortgage table you sit on...Read More
Celebrities, in Theory, Can be Good Mortgagors July 21, 2015 Sherry Muolo Of course, just because some actors earn millions each year doesn’t mean they’re good at holding onto what they bring home...Read More