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Inside Mortgage Trends
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Mortgage Banking Income Hit From Both Sides in 2017, Analysis Shows

March 16, 2018
Earnings from production-related activity and servicing fell modestly in the fourth quarter, according to a new Inside Mortgage Trends analysis of earnings reports filed by a dozen top publicly traded companies. The 12 lenders reported a combined $1.125 billion in income from loan originations and secondary market sales during the fourth quarter. That was down 9.0 percent from the previous period. Some of the earnings decline resulted from a slowdown ... [Includes one data chart]
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Home Equity Originations Strong in 2017, Sector Has its Best Year Since 2008. However…

March 15, 2018
John Bancroft
Wells Fargo was the top home equity lender in 2017 with total second lien production of $24.8 billion, according to a tally from Inside Mortgage Finance…
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Impac’s Share Price Clocked After Reporting a Huge Loss for 4Q17

March 15, 2018
Paul Muolo
Mangiaracina’s resume includes stints at UBS Securities and Deutsche Bank…
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PIMCO Hungry for Reperforming Loans

March 15, 2018
Paul Muolo
PIMCO might be hungry for RPLs but inventory is declining…
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Subservicing Volumes Begin to Ebb but Long-Term Prospects Look Good

March 14, 2018
Paul Muolo
At the end of the fourth quarter, Cenlar ranked first among all subservicers…
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Fitch: Consolidation Expected Among Nonbank Servicers. Rising Costs a Major Concern

March 14, 2018
Brandon Ivey
Fitch said independent nonbank servicers remain vulnerable to rising costs…
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IMA Hits the Market with a Large Bulk GSE Auction

March 14, 2018
Paul Muolo
The package from IMA boasts low delinquencies and a high percentage of loans based in California…
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Fresh Off of Restructuring Walter/Ditech, Renzi Joins the Nation’s Largest Subservicer

March 14, 2018
Paul Muolo
Earlier this year, Renzi stepped down as CEO and president of Walter Investment Management Corp., the parent of Ditech Financial...
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New Disclosures Show that Fannie and Freddie Keep Adding Workers

March 13, 2018
Paul Muolo
Both companies have been solidly profitable since earlier in the decade…
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Short Takes: Impac, the Day Before the ‘Ides of March’ / A Boost for Ditech? / Market Cap? / CFPB Cedes Power to the States / A Promotion at NTC

March 13, 2018
Paul Muolo and Yemeng Yang
Under Acting Director Mick Mulvaney, the CFPB will rely on state regulators and state attorneys general for more leadership when it comes to enforcement...
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