GSE Shareholders Propose New Theory in their Legal Challenge: the FHFA is Unconstitutional August 9, 2018 Carisa Chappell Legal argument: If the FHFA is unconstitutional, then the net worth profit sweep must be…Read More
More of the Same from Ditech: A Net Loss, Lower Originations and Liquidity Concerns August 9, 2018 Paul Muolo In June, Ditech agreed to sell MSRs to New Penn Financial...Read More
Impac Reports Large Loss for 2Q18, Blames Cash Call. Is Keen to Grow Non-QM Production August 9, 2018 Paul Muolo A spokesman said Impac is now funding $100 million per month in nonprime loans and plans to grow the business further.Read More
Short Takes: In Non-QMs We Trust / A Land Rush Into Non-QM? / A Nonbank Buying a Bank, Not an Everyday Occurrence / Ultimate Goal: To Tap FHLB Advances? / Nick Smith Departs Blackstone TORO August 9, 2018 Paul Muolo Impac's Justin Moisio: “Everyone’s getting into this game.” Read More
Bulk Servicing Sales Continue at a Brisk Pace, but New Concerns Emerge on Counterparty Risk August 9, 2018 Roughly $97.1 billion of bulk mortgage servicing rights changed hands in the second quarter, bringing year-to-date activity to $193.3 billion, according to Inside Mortgage Trends, an affiliated newsletter. But even stronger sales may lie ahead. Read More
Bulk Servicing Sales Continue at a Brisk Pace. A Record Year? August 9, 2018 Paul Muolo IMA and MountainView expect to trade more product this year than last…Read More
Mortgage Banking Income Fades at Banks August 8, 2018 John Bancroft Second-ranked JPMorgan Chase had a similarly disappointing quarter.Read More
CFPB Active Again in Enforcement Actions. 23 Cases Being Litigated August 8, 2018 Yemeng Yang A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”Read More
Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion August 8, 2018 Paul Muolo At the end of July, Citadel serviced $1.75 billion of non-QMs…Read More
Redwood Reports Lower Earnings, but a Rise in Loan Purchases August 8, 2018 Paul Muolo At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.Read More
RSS