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Short Takes: Walter Exits Reverse Lending, May Sell the Business / Redwood Queues Up Another Jumbo Deal / Dark Money in Cordray Effort? / A Small Gain for Applications / New Hires for Churchill

August 10, 2017
Paul Muolo, Thomas Ressler, Brandon Ivey, and Sherry Muolo
It’s safe to say that CFPB Director Richard Cordray has been one of the most controversial financial regulators to work in Washington, D.C. for quite some time...
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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…
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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…
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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...
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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…
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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…
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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.
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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…
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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…
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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…
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