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Inside Mortgage Trends
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An Early Look at 2Q17 Production: A Mixed Bag at the Mega Banks; Nonbanks like UWM are Bullish

July 19, 2017
Paul Muolo
“Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia.
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2Q17 Results: A 10 Percent Gain in Originations for U.S. Bancorp

July 19, 2017
Paul Muolo
The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...
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Utah-Based Nonbank Buys Industry Vet’s First Mortgage of Oklahoma

July 19, 2017
Paul Muolo
A press statement on the sale included no production or servicing information for either company…
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Mortgage Applications Heat Up for the Week

July 19, 2017
Sherry Muolo
Applications are heading northward again...
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Short Takes: A Bulk MSR Deal from MountainView / Proposed HUD Lender Fee Is Cut From Spending Measure / Invictus Readies Nonprime MBS Deal / A Promotion at loanDepot

July 19, 2017
George Brooks, Brandon Ivey, and Paul Muolo
Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...
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Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth

July 19, 2017
John Bancroft
Outstanding MBS servicing at Fannie actually declined slightly in the second quarter…
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Residential Production at BofA Rises 16 Percent; MSR Balances Continue to Fall

July 18, 2017
Paul Muolo
Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.
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Walter’s Warehouse Lenders Show Patience – but for How Long?

July 18, 2017
Paul Muolo
In late May, Walter disclosed in an SEC filing that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”
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Short Takes: EverBank CEO Now the Head of LenderLive / Strong Volumes at Skyline / Refi Shops Hurting / Walter Files Layoff Notice on Irving Office / loanDepot Snatches Top LO from Guaranteed Rate

July 18, 2017
Paul Muolo
Walter Investment filed a WARN notice with the Texas Workforce Commission, saying it will close its Irving, TX, office and cut 437 workers...
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Bank Mortgage Repurchases Trend Lower

July 18, 2017
John Bancroft
Bank of America once again reported the biggest volume of residential loan repurchases: $421 million…
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