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Inside Mortgage Trends
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Megabanks the Big Winners as Jumbo Conduits Close?

August 10, 2016
Paul Muolo
The fear is that loan pricing will be worse and loan-to-value ratios will be more restrictive.
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It’s Summer Vacation Time, but Mortgage Applications are Going Strong

August 10, 2016
Sherry Muolo
The VA share of new loan applications improved to 13.0 percent from 12.1 percent the week prior.
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Loan Broker Employment Best Since the Financial Crisis

August 10, 2016
Paul Muolo
UWM is beginning to see some of its competitors pick up their game...
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Short Takes: Brokers are Hot, Bankers Not So Much / Help Wanted: Senior Mortgage Execs / Flagstar Boosting Retail / The Cost Savings From Closing a Jumbo Conduit / New NPL Auction from Fannie Mae

August 10, 2016
Brandon Ivey and Paul Muolo
Senior-level mortgage executives are in demand these days, according to one recruiter...
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Redwood Boosts Net Income in Second Quarter, Sees Promise in Risk Sharing with Banks

August 9, 2016
Brandon Ivey
Redwood is working to increase investments in first-loss risk on loan pools delivered to Fannie Mae and Freddie Mac.
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Walter Posts Staggering Loss of $232 Million for 2Q16; Sells MSRs and Hires New CEO

August 9, 2016
Paul Muolo
On the production front, Walter’s Ditech unit reported $4.8 billion of new originations, a 3.4 percent drop compared to 1Q16.
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Banks See Lower Mortgage Profits in 2Q16. Blame it on the Big Guys

August 8, 2016
John Bancroft
The 22 regional banks fared a lot better, reporting a combined $903.5 million of mortgage-banking income…
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Freddie Mac Expects a Record Year for Multifamily Originations in 2016

August 5, 2016
Sherry Muolo
If you’re a multifamily lender, the future looks bright with record production expected for 2016.
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Banks Post Drop in Mortgage-Banking Profits in 2Q16. Blame It on the Big Guys

August 5, 2016
Banks reported a drop in mortgage-banking income during the second quarter of 2016, according to a new Inside Mortgage Trends analysis of earnings reports from 26 major public companies. But virtually all of the decline came from the four too-big-to-fail banks with over $1 trillion in assets, while regionals posted a substantial increase in mortgage-banking profits. As a group, the 26 banks earned $3.12 billion from mortgage banking during ... [Includes one data chart]
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Mortgage Lenders Work to Prevent Cyber Attacks

August 5, 2016
Lenders and servicers are seen as prime targets for cyber criminals that focus on Social Security numbers and bank accounts. Bill Beckmann, president and CEO of MERSCORP, said, “There’s almost nothing more robust” than the information mortgage companies have regarding individual borrowers. Beckmann and Mitch Tanenbaum, a partner at CyberCecurity, a consultant to financial service companies, addressed cyber security issues facing the mortgage industry ...
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