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Walter Investment Posts $101 Million Loss for 3Q; Originations Increase 13 Percent

November 9, 2016
Paul Muolo
Walter also agreed to sell $5 billion in servicing rights to New Residential Mortgage LLC.
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Jumbo Originations Show Signs of Decline at Certain Banks

November 8, 2016
Brandon Ivey
EverBank – which is in the process of being sold to TIAA – originated $869.8 million of jumbos in 3Q16, a 1.5 percent sequential decline, and down 28.7 percent from the third quarter of 2015.
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Redwood Boosts 3Q Income with Above-Average Margins on Jumbo Operations

November 8, 2016
Brandon Ivey
Redwood sold $774.0 million of home mortgages into a welcoming whole loan market along with a $358.00 million jumbo MBS…
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Shellpoint Plans First Non-Agency MBS in More than a Year

November 8, 2016
Brandon Ivey
Shellpoint is the parent of New Penn Financial and Shellpoint Mortgage Servicing, both top-50 players…
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Florida Supreme Court Sets Precedent Favoring Servicers in Foreclosure Case

November 7, 2016
Brandon Ivey
Almost six years after the initial foreclosure complaint was filed, the same borrower was facing a subsequent foreclosure action due to another default on the mortgage…
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As the Holidays Approach, Mortgage Bankers Still Hiring ‘Like Crazy’?

November 7, 2016
Paul Muolo
“We’re still hiring a lot,” said United Wholesale CEO Mat Ishbia.
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Agency MBS Issuance Slumped in October, but Still Healthy Overall

November 4, 2016
John Bancroft
Wells Fargo once again ranked first among all agency sellers with $17.6 billion sold to Fannie, Freddie and Ginnie. Quicken was second with $8.46 billion.
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The Key to the New Fannie/SoFi Cash-out Refi: Cutting the G-Fee

November 4, 2016
Paul Muolo
Early next year, Fannie Mae will open up the program to other seller/servicers…
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PennyMac Financial Sets Company Record on Correspondent Volume; Will Use Brokers by Mid-Year 2017

November 4, 2016
Brandon Ivey
By midyear 2017, PennyMac Financial will be table funding mortgages through third-party loan brokers.
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GSEs Concede Industry’s Point on UCD Reporting Burden, Postpone Requirement for One Year

November 4, 2016
Thomas Ressler
Fannie and Freddie are encouraging lenders to include seller information in their UCD files if available...
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Latest Imf News

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Featured Data

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