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Inside Mortgage Trends
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(Certain) Nonbanks Ponder the Unthinkable: Owning a Depository

June 29, 2017
Paul Muolo
“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.
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Credit Suisse Resuming Non-Agency MBS Issuance, Prepares Deal Backed by Re-performers

June 28, 2017
Brandon Ivey
The firms originating the collateral backing the MBS were not identified.
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Freedom Inks Deal with NYCB; CEO Says Nonbank is Working on ‘Several’ MSR Acquisitions

June 28, 2017
Paul Muolo
Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…
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ARMs Gain Market Share in 1Q17; JPM Ranks First

June 28, 2017
Brandon Ivey
-The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…
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Cordray Gone By Year End? Who Will Replace Him?

June 27, 2017
Thomas Ressler
If Trump names a top GOP lawmaker to head the CFPB it would leave open another House or Senate seat…
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Mark Filler Racks up $1 Billion from Investors, Has Plans for F&F, Broker Lending and More

June 27, 2017
Paul Muolo
Filler was named CEO of Finance of America Commercial, but departed after roughly two months.
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IO Originations Decline in First Quarter 2017

June 27, 2017
Brandon Ivey
PHH Mortgage and Chase both played a role in the decline of IO originations.
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Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie

June 27, 2017
Paul Muolo and George Brooks
We kid you not: Home loans from a firm called Homie...
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Surprise: A Decline in Bank and Thrift Holdings of First Liens

June 26, 2017
Brandon Ivey
Wells Fargo, which has the largest portfolio of first-lien mortgages, reported a 3.2 percent drop in its holdings, down to $272.72 billion as of the end of the first quarter.
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MBA Asks Supreme Court to Rule in Favor of Employment Agreements with Class-Action Waivers

June 26, 2017
Brandon Ivey
The trade groups argued that the interpretation that employees have a right under the NLRA to engage in class or collective litigation is “dubious at best.”
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