SFIG Details Key Performance Indicators for Deal Agents on Non-Agency MBS November 9, 2017 Brandon Ivey While the concept was introduced more than a year ago, the specific duties for a deal agent remained a work in progress…Read More
Ellington Readies First Non-Agency MBS. Loans Supplied by LendSure Mortgage November 8, 2017 Brandon Ivey LendSure has financial backing from Ellington, among other investors…Read More
Short Takes: Angel Oak Rolls Out New Non-QM Product / A Banner Month for Citadel / Radian Says Don’t Worry About Clayton / Tax Overhaul and the MID? Relax / A New Hire for Stearns Lending November 8, 2017 Paul Muolo A handful of mortgage executives have suggested to us that trade groups are overreacting to the GOP’s tax overhaul plan and the way it treats the mortgage interest deduction... Read More
Ocwen Requests Oral Arguments in CFPB Case, Sans Trump’s DOJ November 7, 2017 Thomas Ressler The Trump White House has made it clear that it’s no fan of the CFPB, but the DOJ has yet to weigh in on the case…Read More
Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime' November 7, 2017 Brandon Ivey Redwood Trust plans to issue expanded-prime MBS on a regular basis…Read More
Short Takes: Bill Ashmore’s Next Move / Richard Pickup, the Largest Investor in Impac / Weaker Results for PennyMac, the REIT / A New Hire for MBA November 3, 2017 PennyMac (the REIT) said third quarter results were also affected by the reduced earnings contribution from "our credit risk transfer investments..."Read More
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…Read More
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...Read More
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.Read More
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.Read More
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