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Short Takes: Keeping Tabs on GSE Dividends / The GOP Tax Plan and DTAs / Good News for ‘Conforming’ Jumbos? / LendingTree Getting Frothy? / First Republic Bank Stands Out in Second Liens

December 14, 2017
Paul Muolo and Brandon Ivey
The share price of online loan broker LendingTree is looking a bit pricey these days at $337.80 a unit...
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A Slow Fourth Quarter for Servicing Sales, but 1Q18 Could be a Barn-Burner

December 13, 2017
Paul Muolo
Another contributing factor to slower sales: Concerns about how the pending GOP tax bill might hammer the asset value of servicing rights...
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Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform

December 13, 2017
Brandon Ivey
The way things stand today, the tax bill could be on track for final approval as soon as next week.
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Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months

December 13, 2017
Paul Muolo
Citadel CEO Dan Perl: “We’re on a hiring spree.”
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Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton

December 13, 2017
Paul Muolo
In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”
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REITs and Nonprime Lenders Look to Strike ‘Working Relationships’

December 12, 2017
Paul Muolo
Mike Fierman, managing partner and co-CEO of the Angel Oak Companies: “I get calls every day” from investment funds.
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Nonprime Lending Competition Could Heat up in 2018

December 12, 2017
Paul Muolo
It appears that Angel Oak, Caliber and Citadel Servicing Corp. might have more company in the nonprime arena come next year…
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VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed

December 11, 2017
George Brooks
USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.
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It’s that Time of the Year: Mortgage Layoffs

December 11, 2017
Paul Muolo
Still, large cutbacks have not been the norm, at least not yet…
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Ginnie Mae Expands Seasoning Requirement for VA Refi Loans

December 8, 2017
Ginnie Mae has issued expanded guidelines to protect veterans and investors from harmful loan churning and rapid prepayments in mortgage-backed securities. The changes, along with additional measures under consideration by a joint Ginnie Mae/VA refinance task force, are aimed at ensuring continued strength and liquidity of the Ginnie Mae MBS program, said Michael Bright, the agency’s acting president. The latest guidelines expand on an initial measure Ginnie implemented requiring six-months of seasoning of VA loans before they can be refinanced and delivered into Ginnie MBS pools. However, some lenders have found ways around the measure and have continued their questionable lending practices, said Bright during recent testimony before a House Financial Services subcommittee. Churning is both illegal and unethical because it preys on unsuspecting borrowers, who are pressured by ...
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Latest Imf News

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Featured Data

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