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Inside Mortgage Trends
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New Wholesale Non-QM Lender Altloan Promises to be a ‘Disruptor’

January 2, 2018
Brandon Ivey
Looks like Angel Oak, Caliber and Citadel Servicing Corp. are about to get some competition in the non-QM sector…
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First California Mortgage Still Operating?

January 2, 2018
Paul Muolo
FCM is headed by Chris Hart, who is also a member of Fannie Mae’s western region advisory board.
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A Gain for Correspondents in Jumbo Market Share

December 29, 2017
Brandon Ivey
Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…
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MBS Analysis: Looks Like the GSEs are Taking Market Share from FHA

December 29, 2017
Carisa Chappell
Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…
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Want to Buy Mortgage Servicing Rights? You’d Better Have a License

December 29, 2017
Brandon Ivey
“If the state requires it, then the GSEs would require it, and could use their remedies in connection with any failure to do so,” said one attorney…
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HUD IG Anxious About Legacy Tech Systems; 87 Percent are ‘Old’

December 29, 2017
Paul Muolo
What could go wrong? For starts, FHA might not be able to pay claims…
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Banks Continue to Add Home Mortgages to Portfolio

December 28, 2017
Brandon Ivey
JPMorgan Chase continued to boost its first-lien holdings even as it issued a number of relatively large jumbo MBS deals…
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Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren

December 28, 2017
Paul Muolo
The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…
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Correspondent Channel Gains Market Share in Government-Insured Mortgage Market

December 27, 2017
George Brooks
Through three quarters this year, retail originations fell 20.2 percent while brokers saw a 10.3 percent production drop and correspondent lending declined by only 1.8 percent.
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Competition for Lower Volume of Originations Driving Down Lenders’ Projections for Profit Margins

December 27, 2017
Brandon Ivey
Some lenders said they’re loosening underwriting standards in in an effort to compete for volume.
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