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Inside Mortgage Trends
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Thanks to Plunging Interest Rates, Loan Production Hit a Three-Year High in 2Q16; Huge Gains at Some Shops

July 28, 2016
John Bancroft
Among the top 10 residential lenders in 2Q16, Caliber Home Loans had the largest sequential gain at 51.9 percent, according to an analysis by Inside Mortgage Finance…
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Mortgage Applications Down for the Week, but Business Still Humming at Some Shops

July 28, 2016
Sherry Muolo
New applications are at an all-time high at Skyline Home Loans in California…
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Small Commercial Banks Quietly Amassing MSR Market Share

July 27, 2016
Brandon Ivey
Smaller depositories held 8.0 percent of the banking industry’s total mortgage servicing assets in 2015, up from a share of less than 2.0 percent as recently as 2009.
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Home Point Financial Inks Deal to Buy Emery Financial’s Assets

July 27, 2016
Paul Muolo
Home Point, which has backing from a PE firm, may have its ears open to future deals…
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Short Takes: Mortgage M&A Mania Finally Arrives? / Five Oaks Halts Jumbo Aggregation / Angel Oak Rolls Out Investor NI Product / Fannie Tweaks High-LTV Guidelines / Mountain States Lead the Way, Says Black Knight

July 27, 2016
Brandon Ivey, Macie Jones, and Paul Muolo
Nonprime lender Angel Oak Mortgage Solutions is now offering a “no-income” loan to investors with credit scores as low as 660...
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Thanks to ‘Brexit’ Vote and Resulting Refis, Origination Capacity is Strained, and Then Some

July 26, 2016
Brandon Ivey
Applications and refis are so robust that production "capacity" is now a major concern...
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Flagstar Grows Originations by 31.1 Percent in Second Quarter

July 26, 2016
Paul Muolo
Flagstar capitalized its residential servicing portfolio at 99 basis points at June 30, compared to 106 bps at March 31.
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Bulk MSR Sales Heated Up in 2Q16 Along with Surge in ‘Co-Issuance’ Deals

July 26, 2016
John Bancroft
Some banks nearly tripled their bulk MSR acquisitions in 2Q16. SunTrust, for example, bought $7.41 billion of GSE servicing during the period, making it the third most active buyer in the market.
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Megabank Originations Surged in 2Q16, but Mortgage Profits Sagged

July 25, 2016
John Bancroft
The bigger issue was a sharp drop in net servicing income…
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With Threat of Servicing Moving Away from Ocwen, Altisource Works to Diversify

July 22, 2016
Brandon Ivey
With the possibility of investors transferring non-agency servicing rights away from Ocwen Financial, Altisource Portfolio Solution has put an emphasis on providing services to other companies.
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Latest Imf News

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Featured Data

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