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Ditech Posts $467 Million Profit for 1Q18 – Thanks to BK Filing and Debt Cancellation

June 6, 2018
Paul Muolo
Ditech CEO Tom Marano: “I am pleased with the improving performance of our servicing business; however, I am disappointed with the performance of the origination business...”
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Short Takes: Hey, Hands Off of GSE Multifamily / What Ed DeMarco Wanted To Do / Cuts at Stearns? / More Non-QM Lenders Target Self-Employed Borrowers / New Hires at Promontory MortgagePath

June 6, 2018
Paul Muolo and Brandon Ivey
Over the years it seems as though commercial banks have basically ceded the multifamily market to nonbanks that use the GSEs as their secondary market takeout…
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Lenders Lost Money on Originations in 1Q18; Servicing to the Rescue…

June 6, 2018
Paul Muolo
Personnel expenses averaged $5,899 per loan in 1Q18 compared to $5,560 in the fourth quarter, up 5.7 percent…
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Tepid Increase in Subservicing Contracts During 1Q18

June 5, 2018
Paul Muolo
“There could be some sector consolidation down the road,” noted Allen Price, senior vice president in charge of business development for RoundPoint Mortgage…
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Despite Production Decline, FTHB Market Expected to Remain Robust

June 5, 2018
George Brooks
The number of first-time homebuyers has increased 50 percent over four years…
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MBA Wants FHFA to be More Transparent on New GSE Activities

June 5, 2018
Paul Muolo
MBA: “An important recent example is the use of a single vendor for various aspects of a major enterprise technology project, thereby forcing many lenders to choose whether to retain their existing vendors or switch to the lone ‘approved’ vendor.”
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Short Takes: Angel Oak Buys Stake in Commercial MB / Questions Being Asked about Trading in GSE Corporate Bonds / Texas Mortgage Shop Closes? / A New Hire for Pavaso

June 5, 2018
Paul Muolo and Carisa Chappell
Another mortgage company has closed. This one in Texas...
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HMDA: Purchase Share of Jumbos Increased in 2017

June 4, 2018
Brandon Ivey
Meanwhile, Guaranteed Rate, Flagstar and HomeBridge Financial more than doubled their jumbo lending in 2017...
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Mortgage Brokers Gain Ground in Government-Insured Market

June 4, 2018
John Bancroft
Correspondent production remained the biggest source of FHA/VA loans, accounting for 53.5 percent of the survey sample…
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Short Takes: Will the GSEs and MIs Gain? / A New Call to Cut FHA Premiums / Reverse Market Turns Rosy? / Ellie Mae’s CFO Departs / Where Were You When the Secondary Market Shivered? / A New Hire for MGIC

June 4, 2018
Paul Muolo and Brandon Ivey
Will the new FHA chief cut premiums and end the “life of the loan” premium policy?
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