1Q Loan Production Comes in at an Impressive $370 Billion, Best Since 3Q13 April 30, 2015 John Bancroft In the first quarter, the top sequential gainers were all nonbanks: loanDepot (up 50.6 percent), Caliber Home Loans (46.2 percent) and Stearns Lending (22.6 percent.) Read More
GSE Low-Downpayment Programs Off to a (Really) Slow Start April 30, 2015 Carisa Chappell Freddie Mac securitized just $12 million of purchase mortgages with loan-to-value ratios of 96 percent or 97 percent during the first quarter. Read More
NMLS: Multiple-State Mortgage Franchises Increase; More LOs Too April 30, 2015 Paul Muolo The number of branch licenses for mortgage originators increased by 12 percent to 43,381.Read More
Freddie Unveils Yet Another NPL Auction: $233 Million of Product Serviced by Ocwen April 29, 2015 Carisa Chappell This is Freddie Mac’s fourth NPL auction of 2015. As for Fannie Mae...Read More
GSE Servicing Stagnant in 2015, but Nonbanks Gained April 29, 2015 John Bancroft Among the standouts in nonbank MSR growth: Seneca Mortgage, Pingora and RoundPoint... Read More
Residential Production Rises Almost 10 Percent at Flagstar; Nice Gain-on-Sale Improvement April 28, 2015 Paul Muolo More than half of Flagstar's servicing portfolio consists of subservicing contracts.Read More
More Signs of a Comeback for Loan Brokers: Market Share at 12.9 Percent April 28, 2015 John Bancroft The megabanks still report broker production in their loan sales figures, but most of the activity involves seasoned loans.Read More
Maybe, the GSEs’ Role in Multifamily Should be Increased, Not Decreased April 28, 2015 Carisa Chappell Another post-crisis trend is that the volume of Fannie’s multifamily financing had shrunk more than Freddie’s...Read More
Banks Report Solid Gains in Mortgage Income in 1Q15 April 27, 2015 John Bancroft Many lenders reported the pleasant confluence of rising origination volume and stronger gain-on-sale margins.Read More
Why a Large Chunk of 9.3 Million Foreclosed Borrowers May Never Buy a Home Again April 27, 2015 Brandon Ivey Underwriting overlays established by lenders also will limit some potential borrowers from purchasing homes in the coming years. Read More
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