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JPM Continues to Dominate (By Far) as a Securitizer of USDA Loans

January 6, 2016
George Brooks
Chase’s nine-month USDA volume translated into a 31.0 percent market share.
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IMA Rolls Out Fannie Mae MSR Deal, More Auctions in the Works

January 6, 2016
Paul Muolo
The receivables are dominated by Texas collateral at almost 62 percent.
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JPM Fined $48 Million for Violating OCC Servicing Consent Order, EverBank $1 Million

January 6, 2016
Brandon Ivey
The OCC said the mortgage-related fine against Chase was due to the servicer’s actions from December 2011 through November 2013...
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Two Harbors Set to Continue Prolific Jumbo MBS Issuance with First Deal of 2016

January 5, 2016
Brandon Ivey
The Two Harbor deal ends a span of 31 days without a presale report for a new non-agency security.
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Short Takes: Yet More TRID Problems? / CFPB Looking at ‘Pricing Concessions’ / NAMB Backs Savitt for House Seat / Ocwen Gets a B+ From KBRA / Lender Hires Former Capital One Executive

January 5, 2016
Paul Muolo and Brandon Ivey
Industry consultant Joe Garrett is advising his clients to keep a “concession log…”
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Stocks Plunge, Rates Down Slightly; Mortgage Stocks So-So

January 4, 2016
Paul Muolo
As IMFnews went to press, Stonegate Mortgage was suffering the most among real estate finance-related stocks, down 7.16 percent on the day.
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Nationstar Registers $498.5 Million of Debt Securities with the SEC

December 31, 2015
Paul Muolo
Nationstar Mortgage is laying the ground work for a huge debt sale. But what will it use the money for?
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PennyMac Registers Shares for Sale; Potential Sellers Include CEO Kurland, BlackRock, Others…

December 31, 2015
Paul Muolo
If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.
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Short Takes: The ‘Biggest’ Mortgage Stories of 2015? A Subject Ranking, for Sure / But Here’s the List: Strong Origination Volumes; TRID, Nonbanks, FHA Loan Volumes, No GSE Reform, Blackstone’s Mortgage Growth…

December 31, 2015
Paul Muolo
The biggest mortgage story of 2015? How about origination volumes being a lot better than anyone dreamed of?
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New Tactic Suggested for Subprime ARM Mods

December 31, 2015
Servicers and borrowers with subprime adjustable-rate mortgages would benefit from a new type of loan modification, according to research recently published by the Federal Reserve’s division of research and statistics and division of monetary affairs. The researchers suggested that mods triggered when housing price declines exceed a certain percentage may reduce delinquency and foreclosure rates along with reducing servicers’ costs. The results were detailed in a paper titled ...
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