Short Takes: Late for an Anniversary / GSE Reform: A Solution Searching for a Problem / ClearEdge Lending Ramps Up / Warehousing the Non-QM Market / LendingTree Shareholders Not Smiling Right Now September 13, 2018 Paul Muolo Silvergate Bank is actively providing warehouse lines of credit to non-QM lenders and we understand that Comerica is now sticking its toe in the water…Read More
Home-Equity Lending Up Sharply in 2Q18, but Market Far Below Its Potential September 13, 2018 John Bancroft Mortgage lenders generated an estimated $54.0 billion of new home-equity loans during the second quarter, up 18.7 percent…Read More
Jumbo Servicing Balances Up by Almost 11 Percent Year Over Year September 12, 2018 Brandon Ivey Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past year…Read More
Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017 September 12, 2018 John Bancroft Through the first eight months of the year, Ginnie issuance was down 11.0 percent...Read More
A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales September 12, 2018 Paul Muolo Wedbush estimates that originations will fall by 8.0 percent this year…Read More
Short Takes: What Will Become of the GSEs’ CSP? / How Much Is it Worth? / Capital One Warehouse Joins MBA / Two Utah Nonbanks Celebrate Anniversaries / PRMI Hires Former Wells Fargo LO September 11, 2018 Paul Muolo The nonprofit exchange must pay for any “property” associated with CSS…Read More
Short Takes: Time for Executives to Consider Their Options? / Tight Profit Margins Can Lead to ‘Internal Strife’ / AO Seeks Account Executives / Analyzing the Prospects for Filling the Fannie CEO Job / Milken Institute Hires SEC Commissioner September 10, 2018 Paul Muolo "As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick GlassRead More
Mortgage Bankers Add Jobs, Brokers Trim Slightly September 10, 2018 Paul Muolo Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”Read More
HECM Production Gets Clocked in 2Q18. A Long Reverse ‘Winter’ Ahead? September 10, 2018 George Brooks Analysts blamed the reduction in volume on the new lower Principal Limit Factors...Read More
Correspondent Channel a Flashpoint in Competitive Jumbo Market September 10, 2018 Brandon Ivey While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.Read More