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Private MIs Boost Market Share in 2Q18, Report Post-Crisis Record in Earnings

August 9, 2018
John Bancroft
Arch wrote $19.94 billion of traditional policies in the second quarter, ranking first overall, according to exclusive figures compiled by Inside Mortgage Finance. Radian was second with $16.36 billion…
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More of the Same from Ditech: A Net Loss, Lower Originations and Liquidity Concerns

August 9, 2018
Paul Muolo
In June, Ditech agreed to sell MSRs to New Penn Financial...
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Impac Reports Large Loss for 2Q18, Blames Cash Call. Is Keen to Grow Non-QM Production

August 9, 2018
Paul Muolo
A spokesman said Impac is now funding $100 million per month in nonprime loans and plans to grow the business further.
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Bulk Servicing Sales Continue at a Brisk Pace. A Record Year?

August 9, 2018
Paul Muolo
IMA and MountainView expect to trade more product this year than last…
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Mortgage Banking Income Fades at Banks

August 8, 2018
John Bancroft
Second-ranked JPMorgan Chase had a similarly disappointing quarter.
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Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion

August 8, 2018
Paul Muolo
At the end of July, Citadel serviced $1.75 billion of non-QMs…
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Redwood Reports Lower Earnings, but a Rise in Loan Purchases

August 8, 2018
Paul Muolo
At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.
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Short Takes: Brother, Can You Spare $77.6 Billion? / If Things Get Rough, This is How Much Money I Might Need / Define ‘Severely Adverse’ Scenario / The Wells Fargo Mortgage Layoff Tally for July / Fannie Director Departs

August 8, 2018
Paul Muolo
But the bailout calculations – mandated under the Dodd-Frank Act Stress Tests – were not done by the FHFA.
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Zillow’s Share Price Crushed After Agreeing to Buy Kansas-Based Mortgage Firm

August 7, 2018
Paul Muolo
Zillow, a real estate information services company, highlighted the mortgage purchase as a key part of its third quarter results.
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PHH Continues to Sell Servicing Rights Ahead of Sale to Ocwen

August 7, 2018
Paul Muolo
In its earnings statement, PHH notes that Ocwen can terminate the acquisition if “available cash on hand falls below a prescribed amount…”
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