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…" Read More
Fannie and Freddie QM Patch Under Attack By GOP Lawmakers, Trump Administration November 10, 2017 The special qualified-mortgage treatment for home loans eligible for sale to the government-sponsored enterprises is getting more attention lately as some say that it gives Fannie Mae and Freddie Mac an unfair advantage.Read More
Private MIs Gained Ground in 3Q17, but VA Shined the Most November 9, 2017 John Bancroft Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…Read More
Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale November 9, 2017 Paul Muolo Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…Read More
New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches November 8, 2017 Thomas Ressler Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…Read More
Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope November 8, 2017 Paul Muolo Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…Read More
Treasury’s GSE Plan Still a ‘Work in Progress.' No Balance Sheet Allowed? November 8, 2017 Paul Muolo A guarantee fund would be developed to cover losses.Read More
Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime' November 7, 2017 Brandon Ivey Redwood Trust plans to issue expanded-prime MBS on a regular basis…Read More
Retail Still the Largest Source of Agency Loans November 7, 2017 John Bancroft Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.Read More
As Industry Plans for Next Year, Layoffs Commence. CEO Changes Ahead? November 7, 2017 Paul Muolo Industry consultant Paul Hindman believes more executive changes are likely in the months ahead…Read More