Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High November 7, 2018 Brandon Ivey Risk layering remains uncommon on the new breed of expanded-credit mortgages…Read More
Ocwen’s New CEO Talks About Severance Payments, but Growth Too November 7, 2018 Paul Muolo Ocwen CEO Glen Messina: "Having completed the merger, we now have unrestricted access to PHH employees..."Read More
Another Quarterly Loss for Ocwen, New CEO Messina Calls for ‘Re-engineering’ the Cost Structure November 6, 2018 Paul Muolo Ocwen is planning a re-engineering of its cost structure...Read More
LoanStream Branches Out into Correspondent, Aims to ‘Dominate’ the Market November 6, 2018 Brandon Ivey LoanStream was already originating nonprime mortgages via retail and wholesale outlets...Read More
As the Clouds Roll In, Some Lenders Turn to Non-QM, Including FGMC November 5, 2018 Paul Muolo PIMCO, which controls FGMC, is no stranger to the non-QM market…Read More
Ahead of 3Q18 Results, Impac’s Share Price Falls to a 52-Week Low November 5, 2018 Paul Muolo Impac’s share price fell to a new 52-week low Monday: $5.10.Read More
Mutual of Omaha’s MB Inks Deal to Buy Assets of BBMC November 5, 2018 Paul Muolo No details were provided regarding the assets that Synergy will take on…Read More
Non-Agency MBS Market Revels in a Banner Year, But… November 2, 2018 John Bancroft The nonprime sector has split off from jumbo, and there are now roughly 70 investors in the sector.Read More
PennyMac Posts Net Income of $56.2 Million, Founder Sees Consolidation Ahead November 2, 2018 Brandon Ivey Stan Kurland: “We expect to see consolidation in the mortgage market, and successful firms will be the ones that have the size, scale and technological capabilities to compete."Read More
A Sequential Earnings Decline for Fannie Mae, but a Strong Profit Nonetheless November 2, 2018 Paul Muolo In less than two weeks, the Senate Banking Committee will hold an oversight hearing on controversial pilot programs launched by Fannie and Freddie...Read More
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