Ginnie Mae Reinstates Nations Lending Following Talks on Loan Churning May 8, 2018 George Brooks Nations Lending was reinstated by Ginnie Mae after reaching a confidential agreement…Read More
Another Quarter and More Red Ink for PHH Corp. May 8, 2018 Paul Muolo PHH CEO Robert Crowl: "Our team is fully committed to executing our business plans and meeting the closing requirements for our merger with Ocwen."Read More
Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count May 8, 2018 Brandon Ivey and Paul Muolo It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...Read More
New Residential Hires Fortress Executive David Schneider as New CAO May 8, 2018 Paul Muolo Fortress also controls roughly 500,000 shares of New Residential's common stock and holds options on 18.1 million shares. Read More
Redwood Posts a Handsome Profit for 1Q18, Reports Strong Demand for Jumbos May 8, 2018 Brandon Ivey Redwood is set to issue its largest expanded-credit MBS ever: A $520.48 million security backed by…Read More
MIAC Offers Up $2.2 Billion of Servicing Rights May 8, 2018 Paul Muolo The seller of the portfolio will provide full representations and warranties.Read More
Short Takes: Being in Debt to a GSE, Not So Bad / FHFA Approved the Product / Coming Soon: Large MSR Deals / Wedbush Drops Coverage of Capital One / RIP: Safeguard Founder Robert Klein May 7, 2018 Paul Muolo But before anyone gets too excited, the Federal Housing Finance Agency approved the Freddie initiative…Read More
Prospects Suddenly Brighten for Regulatory Relief… May 4, 2018 Yemeng Yang Earlier in the month, Rep. Jeb Hensarling, R-TX, said he is open to “other pathways…” Read More
$5.1 Billion of GSE Mortgage Servicing Rights Up for Grabs May 4, 2018 Paul Muolo The average loan size is $285,547 with the average LTV coming in at 70.0 percent.Read More
PennyMac’s Net Income Declines as Nonbank Cites Intense Competition for Originations May 4, 2018 Brandon Ivey PennyMac entered the broker channel in January and took in $7 million worth of product during the first quarter…Read More
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