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After 22 Years as President of Impac, Bill Ashmore Calls it a Day

November 3, 2017
Paul Muolo
No immediate successor to Ashmore was named, but whoever the person is they will have to deal with a slumping revenue picture…
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What We’re Hearing: The Mortgage Cycle Turns / PE Firms Ready to Pounce? / Show Mr. Cooper the Door? / Impac in Play? / loanDepot Retail Chief David Norris Departs for Law Enforcement Project / More Nonprime MBS on the Way

November 3, 2017
Paul Muolo
Ocwen will not be sold through a stock deal, but Nationstar could be...
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Between Multiple Hurricanes and Wild Fires, a Market Develops for a New Breed of ‘Scratch & Dent’ Loans

November 2, 2017
Paul Muolo
According to bidders in the market, the early action focuses on loans that are “stuck” on warehouse lines.
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Redwood Set to Issue its Second ‘Expanded Prime’ MBS, Suggesting Strong Origination-Volume and Investor Demand

November 1, 2017
Brandon Ivey
The total unpaid principal balance for mortgages backing the deal has yet to be disclosed.
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Little Change in MBS Characteristics in 3Q17

November 1, 2017
Brandon Ivey
Flagstar Bank was the top originator of loans that fed prime non-agency MBS in the third quarter…
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Prime Non-Agency MBS Issuance Catches Fire in October

October 31, 2017
Brandon Ivey
In the Chase MBS, 44.3 percent of the loans were originated by correspondents…
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Deephaven Brings New Nonprime MBS with Angel Oak as Top Contributor

October 31, 2017
Brandon Ivey
It’s Deephaven’s third nonprime MBS deal of the year…
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Sharp Differences in Denial Rates for Jumbos; Some Nonbanks Have Turn-Downs North of 40 Percent

October 30, 2017
Brandon Ivey
In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent.
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An Earnings Decline for MSR-Hungry New Residential; Servicing Portfolio Drops as Well

October 27, 2017
Paul Muolo
During 3Q, New Residential agreed to buy $3 billion of “flow” servicing rights from an unnamed seller.
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Prime Non-Agency MBS Issuance Perks Up, More than $2.1 Billion of Volume in 3 Deals

October 27, 2017
A flurry of prime non-agency mortgage-backed securities priced in October with issuance from JPMorgan Chase, Flagstar Bank and American International Group totalling $2.13 billion. Chase brought a $911.1 million deal backed by a higher than usual share of mortgages eligible for sale to the government-sponsored enterprises. Some 46.7 percent of the dollar volume of loans backing JPMorgan Mortgage Trust 2017-4 was loans eligible for sale to Fannie Mae or Freddie Mac ...
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