GOP Tax Bill Will Boost GSE Earnings by $3 Billion. However… January 4, 2018 Paul Muolo And now for the bad news: The lower corporate tax rate will force Fannie and Freddie to write down the value of their deferred tax assets by $15.3 billion…Read More
Angel Oak Raises Almost $300 Million for Non-QM Investments January 4, 2018 Paul Muolo Angel Oak has securitized $850 million of non-QM loans since 2015.Read More
PHH Will Pay $45 Million to Settle State Servicing Allegations January 3, 2018 Paul Muolo PHH Mortgage is in the process of transforming into a subservicing specialist. Read More
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…Read More
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.Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More