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What We’re Hearing: Two Giants May Change Hands (Or Maybe Not) / Job Cuts at Ditech / Can HL Sell Ditech Fast Enough? / Tom Marano’s Experience with Troubled Shops / CALCAP Bullish on Fix-and-Flip / A Confidential GSE File On…

August 17, 2018
Paul Muolo
It might be in Ditech’s best interest if Houlihan Lokey finds a buyer now while MSR values are still peaking…
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GSE Sellers Continued to Stretch the Credit Box – Incrementally – in 2Q18

August 17, 2018
Mortgage lenders became slightly more daring in terms of the credit characteristics of the loans they sold to Fannie Mae and Freddie Mac during the second quarter of 2018, according to an exclusive new Inside Mortgage Trends analysis and ranking. [Includes two data charts.]
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Supply, Pricing Boost Second-Lien Trading

August 17, 2018
Secondary market trading for home-equity loans has increased across most market segments, thanks to greater available supply driven by higher prices, according to a new report from MountainView Financial Solutions, a Denver-based provider of financial services analytics and advisory services.
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Jumbo Originations Up Sharply in 2Q18

August 16, 2018
John Bancroft
Wells Fargo, JPMorgan Chase and Bank of America were the top producers of jumbo loans in the second quarter…
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Angel Oak Readies Non-Agency MBS

August 16, 2018
Paul Muolo
Select Portfolio Services will handle the monthly servicing chores for Angel Oak.
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Bankers Ask for TRID Exemption on Single-Family Construction Loans

August 16, 2018
Yemeng Yang
Bankers argue that single-family construction loans should be exempt from TRID because they are temporary and cover construction activity…
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RBS Agrees to Pay DOJ $4.9 Billion to Settle MBS Fraud Charges

August 15, 2018
Paul Muolo
Among those subprime MBS investors: Fannie Mae and Freddie Mac.
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Moody’s Gives loanDepot an ‘Average’ Assessment

August 15, 2018
Brandon Ivey
This spring, loanDepot was rumored to be a takeover target of Internet retailer Amazon.com…
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Surprise: Quicken Rolls Out Private Sector Reverse Mortgage

August 15, 2018
George Brooks
Funding for Quicken's new reverse mortgage will come from securitization…
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Short Takes: Who Needs the GSEs? / JPM’s Strategy / Subservicers on the Auction Block? / New Diligence Advisors Gets the Seal of Approval from KBRA / Atlantic Bay Mortgage Won’t be Buying VA Bank After All

August 15, 2018
Paul Muolo
We know of one large subservicer that’s for sale (Ditech Financial), but a second processor may also be considering offers.
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Latest Imf News

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