U.S. Bancorp Grows Residential Production by Almost 10 Percent October 18, 2017 Paul Muolo Compared to the same period a year ago, residential loan production declined by 19.6 percent...Read More
Short Takes: The Little Guy Gets a G-Fee Break / A Coming Spike in G-Fees? / More Financial Maneuvers by Radian / A Hot Streak for Non-Agency Prime MBS / A Stock Market Crash Warning from Treasury Secretary Mnuchin October 18, 2017 Paul Muolo and Brandon Ivey Might this suggest that g-fees charges could spike next year when zero hour comes?Read More
Ranked No. 442 as an Originator, Fintech Firm Corrals $457 Million in Financial Commitments October 17, 2017 Paul Muolo Formed in 2014, LH originated $598 million in 2016, ranking 442nd overall, according to Home Mortgage Disclosure Act figures compiled by Inside Mortgage Finance.Read More
Promontory MortgagePath Expands Private-Label Origination Platform October 17, 2017 Paul Muolo PMP was founded by former Comptroller of the Currency Eugene Ludwig and mortgage industry veteran Bruce Witherell…Read More
Short Takes: More Trouble for SoFi & Fintech? / So, Maybe CFPB’s Cordray Won’t Run / Goldman Agrees to Buy Fix-and-Flip Lender / Housing Assistance Council Hires former HUD, USDA Official to Lead the Organization October 17, 2017 Paul Muolo With fall-out spreading from the turmoil at Social Finance, investors might be thinking twice about so-called “fintech” firms... Read More
Redwood Aims for Jumbos Outside of Banks’ Focus October 17, 2017 Brandon Ivey Redwood’s Choice loan program allows for debt-to-income ratios of up to 49.9 percent while the limit for Select is 43.0 percent…Read More
Institutional Investors Reduce Positions in PHH. Meaning? October 17, 2017 Paul Muolo The disclosures aren’t entirely surprising given that PHH recently wrapped up a generous buyback offer…Read More
Short Takes: Large Nonbank Ready to Enter Second-Lien Market / Mortgage Layoffs in California? / The 30th Anniversary of ‘Black Monday.’ Beware? / UWM Rolls out ‘Client Loyalty’ Tool for Brokers / Annaly CEO will Become Chairman, Eventually October 16, 2017 Paul Muolo A large nonbank is about to enter the second-lien market...Read More
A (Slight) Drop in Originations at BofA for 3Q17 October 13, 2017 Paul Muolo Home equity lending fell even more at BofA: down 12.7 percent from the prior period...Read More
A Modest Uptick in Home Lending for Wells Fargo in 3Q17; Meanwhile, a $1 Billion Legal Charge for Mortgage Investigations October 13, 2017 Paul Muolo Gain-on-sale profits came to 124 basis points, flat from the prior period, and the weakest reading of the past five quarters...Read More
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