Mortgage REITs Boost MBS Investments During 2Q17, Show Healthy Appetite for Risk-Transfer Deals August 10, 2017 John Bancroft Annaly Capital Management remained the largest MBS investor in the group, accounting for 32.2 percent of the market…Read More
Impac Shifts Production Away from GSE Mortgages to Non-QMs and Government-Insured Loans August 9, 2017 Brandon Ivey In trading Wednesday, Impac’s share price was down almost 6 percent… Read More
In 2Q17, Correspondent Channel Held Up in a Shifting FHA/VA Market August 9, 2017 John Bancroft Brokers saw the biggest increase in FHA business, with volume up 14.5 percent…Read More
Mortgage Hiring Flat but Some Firms Continue to Add Heads August 9, 2017 Paul Muolo Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast...Read More
Loans in New ‘Nonprime’ MBS Look like ‘Alt A’ Loans Really August 8, 2017 Brandon Ivey In fact, some of the underwriting characteristics on new nonprime loans are even stronger than the credit quality on pre-crisis Alt A mortgages…Read More
Jumbo Originations Up in 2Q17 as Banks Report Strong Demand August 7, 2017 Brandon Ivey Lee Smith, an executive vice president and COO at Flagstar, said the bank’s jumbo originations were bolstered by the acquisition of Opes Advisors…Read More
Trader Joe’s a Beacon for Homebuyers? August 7, 2017 Sherry Muolo Homes located near a Trader Joe’s location had an average 5-year appreciation of 67 percent…Read More
Fairholme Predicts Trump’s DOJ Will See (GSE) Things Its Way August 7, 2017 Paul Muolo “There is a proven blueprint to succeed, and we hope to successfully resolve this matter before reaching the Supreme Court of the United States,” the company told investors.Read More
Red Hot Housing: July MBS Total the Largest Monthly Purchase-Mortgage Volume Since Loan-Level Data Became Available August 4, 2017 John Bancroft Freddie’s purchase-mortgage business soared 17.1 percent from June to July, while Fannie’s was up 9.0 percent…Read More
Cherry Hill Inks MSR Flow Deal with RoundPoint Mortgage August 4, 2017 Paul Muolo CHMI was launched a few years ago by the privately owned Freedom Mortgage, the nation’s seventh largest originator…Read More
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