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Short Takes: ‘Fix n Flip’ Lender Jordan Should Have a Record Year / Help Wanted: SVP of Sales / Nonprime Retail Firm Angel Oak Continues Expansion / Declining MSRs at Prospect Mortgage / Luther Hires Former Finance of America Official

September 1, 2016
Paul Muolo
Retail nonprime/non-QM originator Angel Oak Home Loans is continuing its national expansion...
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Steady as She Goes in Subservicing Market. Cenlar Continues to Dominate

August 31, 2016
Paul Muolo
Certain subservicers, including Nationstar Mortgage, continue to solicit others to shift their servicing chores over to them…
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Some Lenders Expect to Set New Production Records in August

August 31, 2016
Paul Muolo
One originator described August’s activity as “busy, crazy busy…”
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The Six-Month Tally: FHA Production Up 8.4 Percent, VA by Almost 13 Percent

August 30, 2016
George Brooks
It was the highest three-month total for government-insured lending on record, although private mortgage insurance did more business in the second quarter than either FHA or VA…
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Subservicer Statebridge Nearly Doubles Contracts to $2.60 Billion

August 30, 2016
Brandon Ivey
FrontRange Capital first invested in Statebridge back in 2013. The money allowed the subservicer to buy out its then-owner, Integrated Asset Services.
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MBA: Servicing Losses Worsen by 36 Percent, But Origination Profits Rise 104 Percent

August 30, 2016
Paul Muolo
The results should surprise few: big gains on production, losses on servicing…
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REIT MBS Holdings Up Modestly in 2Q16, but…

August 29, 2016
John Bancroft
Annaly Capital Management remained the top REIT MBS investor despite an 0.8 percent drop in its portfolio.
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Short Takes: Just Because You’re Kicked Off the NYSE, That Doesn’t Mean… / Buying an MB for Diversification Purposes / A 10 Percent Broker Market Share and Holding / Clayton and Angel Oak / Nationstar is Hiring!

August 29, 2016
Paul Muolo
The nation's fourth largest servicer, Nationstar Mortgage, will hold a job fair on Sept. 12 at the Maude Cobb Convention Center in Longview, TX.
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GSEs Introduce a New Loan Dispute Appeal Process…

August 26, 2016
Carisa Chappell
Fannie Mae and Freddie Mac introduced the IDR program back in February as the final piece to the representation-and-warranties framework.
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FHFA Announces New Streamlined Refinance To Replace HARP in 2017, Allows Multiple Use

August 26, 2016
The Federal Housing Finance Agency revealed details this week on a new high loan-to-value streamlined refinance option for Fannie Mae and Freddie Mac mortgages that will replace the Home Affordable Refinance Program. HARP was due to sunset at the end of this year, but the FHFA extended it until Sept. 30, 2017, with the new alternative beginning immediately after. The as-yet-unnamed option is...
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