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Inside Mortgage Trends
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The Big Loser in the Nationstar-WMIH Merger: Uncle Sam

March 7, 2018
Paul Muolo
In a new SEC filing, Nationstar reveals plans to introduce new products aimed at debt consolidation…
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Warehouse Commitments Begin to Suffer, ‘Usage Levels’ Fall into the Ugly Zone

March 6, 2018
Paul Muolo
With rates rising steadily since late last year and refinancing growing scarce, nonbanks are now experiencing weak origination volumes…
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Impac Set to Report Fourth Quarter Results Next Week

March 6, 2018
Paul Muolo
The company’s largest individual shareholder is Southern California businessman Richard Pickup...
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Short Takes: PIMCO Shows a Strong Interest in RPLs / A Tough Profit Picture for 1Q18? / Thinning the LO Herd? / Texas Capital Weighs In / Stearns Hires Former Caliber Executive

March 6, 2018
Paul Muolo
Texas Capital: “Nonbank competitors may have a pricing advantage as they are not subject to the same capital maintenance requirements..."
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GSE Loan Buybacks Fell Sharply in 4Q17, Second Lowest Reading Ever

March 5, 2018
John Bancroft
Wells Fargo led the pack in GSE buyback activity for the fourth quarter…
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Nationstar Plans to Cut Ties to Philippine Vendors, Cites Political and Economic Risk

March 5, 2018
Paul Muolo
India and the Philippines “are subject to relatively higher degrees of political and social instability and may lack the infrastructure to withstand political unrest or natural disasters,” Nationstar said.
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The Seasonal Downturn Strikes: GSE Production Declined in February

March 5, 2018
John Bancroft
Business levels at the two were not the same: Fannie MBS issuance was down 14.1 percent from January, while Freddie production was up 0.5 percent…
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The SFIG Roundup: Market Participants Confident, Record Attendance. What Could Go Wrong?

March 2, 2018
Brandon Ivey
Issuance is increasing across various asset sectors, with many sponsors reporting improved pricing and growing interest from investors…
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Ocwen and PHH: A Match Made in Adversity?

March 2, 2018
Paul Muolo
PHH’s common once traded as high as $28 a share, Ocwen $58 a share. Today they trade for $10.50 and $3.50, respectively…
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GSE Buybacks Fell Sharply in 4Q17, Hit Record Low in Pending Cases

March 2, 2018
Mortgage repurchases and indemnifications declined significantly in the fourth quarter of last year, according to a new Inside Mortgage Trends analysis of buyback disclosures filed by Fannie Mae and Freddie Mac. Lenders repurchased $230.4 million of single-family loans from mortgage-backed securities guaranteed by the two government-sponsored enterprises during the fourth quarter. That figure – which includes loans for which lenders indemnified ... [Includes two data charts]
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