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Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job

November 16, 2017
Paul Muolo
Kittle was first approached by the White House nine months ago about the job.
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Academy Mortgage Production EVP Departs

November 16, 2017
Paul Muolo
Nemec oversaw a retail network of 250 branches...
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Publicly Traded Mortgage Firms Not Exactly Setting The World on Fire. Is a Major Shake Up Coming?

November 16, 2017
Most of the nation’s six publicly traded mortgage firms have seen their share prices get smacked around this year. The exception is PennyMac Financial Services, a stand-out in a group that’s struggling to keep its head above water.
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Speculation Mounts: More Banks May Exit Mortgages

November 15, 2017
Paul Muolo
Meanwhile, there’s already speculation that Capital One – known for its prowess in credit cards – might eventually re-enter the mortgage business in one way or another.
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Correspondent Share of FHA Loans Nears the 49 Percent Mark

November 14, 2017
John Bancroft
Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…
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HMDA Analysis: Higher-Priced Lending Spikes

November 14, 2017
Brandon Ivey
Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…
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Nonprime Lenders Aim to Avoid a Mistake of the Past: Risk Layering

November 13, 2017
Brandon Ivey
Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…
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Senate’s Tax Reform Bill Maintains Higher Limit for Mortgage Interest Deduction but Housing Industry Warns of Other Faults

November 10, 2017
Brandon Ivey
NAR’s Mendenhall: such provisions “can turn the American Dream into a nightmare for families, as the rug is pulled out from under them.”
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The Red Ink Kept Flowing at Walter in 3Q17; Revenues Down 15 Percent

November 10, 2017
Paul Muolo
Walter CEO Tony Renzi: “Our operating performance is improving in many areas, and we are continuing our financial restructuring efforts…"
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News Briefs

November 10, 2017
The Structured Finance Industry Group this week unveiled key performance indicators for deal agents to track in new non-agency mortgage-backed securities. The proposed standards detail 150 measurements for deal agents to monitor. Ocwen Financial reported a net loss of $6.14 million for the third quarter of 2017. The loss would have been worse if not for a one-time tax benefit of $23.2 million related to the release of previously established reserves ... [Includes three briefs]
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