Mortgage REITs Boost MBS Investments During 2Q17, Show Healthy Appetite for Risk-Transfer Deals August 10, 2017 John Bancroft Annaly Capital Management remained the largest MBS investor in the group, accounting for 32.2 percent of the market…Read More
The Red Ink Keeps Piling Up at PHH; Revenue Plunges 43 Percent in 2Q August 9, 2017 Paul Muolo At June 30, PHH had commitments to sell $52.3 billion of mortgage servicing rights.Read More
Impac Shifts Production Away from GSE Mortgages to Non-QMs and Government-Insured Loans August 9, 2017 Brandon Ivey In trading Wednesday, Impac’s share price was down almost 6 percent… Read More
In 2Q17, Correspondent Channel Held Up in a Shifting FHA/VA Market August 9, 2017 John Bancroft Brokers saw the biggest increase in FHA business, with volume up 14.5 percent…Read More
Investors Love Mortgage REITs, Nonbanks Not So Much; Another IPO Try for loanDepot? August 9, 2017 Paul Muolo Industry consultants contend that loanDepot – the nation’s 10th largest overall originator – still hopes to go public one of these days…Read More
Mortgage Hiring Flat but Some Firms Continue to Add Heads August 9, 2017 Paul Muolo Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast...Read More
PHH Enters Into Settlements with DOJ, FHFA to Settle Underwriting Issues Tied to Legacy Loans August 8, 2017 Paul Muolo PHH said it settled the cases without admitting liability “to avoid the distraction and expense of potential litigation.”Read More
Movement Mortgage CEO Rebrands His New Bank as, You Guessed It, Movement Bank August 8, 2017 Paul Muolo According to Casey Crawford the recapitalized depository will focus on “loving and serving people.”Read More
Short Takes: CapLoc Affiliate Wanted to Buy FMC / Two Sides to a Story / MBS is Busy with M&A Deals / FRB Distinguishes Itself in Jumbo Market / Vendor Watch August 8, 2017 Brandon Ivey, Paul Muolo, and Thomas Ressler Advisory firm Mortgage Banking Solutions, Austin, TX, is working on three mortgage-related acquisitions...Read More
Jumbo Originations Up in 2Q17 as Banks Report Strong Demand August 7, 2017 Brandon Ivey Lee Smith, an executive vice president and COO at Flagstar, said the bank’s jumbo originations were bolstered by the acquisition of Opes Advisors…Read More
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