BLS: Mortgage Brokerage Jobs Up, Mortgage Banking Jobs Down October 10, 2016 Paul Muolo The hiring picture looks bright for now – at least for mortgage brokerage firms…Read More
Ginnie Mae Crushed Single-Family MBS Issuance Records in 3Q16 October 10, 2016 John Bancroft The agency issued a whopping $145.14 billion of single-family MBS during 3Q16…Read More
In Crafting the Deal Agent Concept for Non-Agency MBS, Investors Looked to the GSEs October 10, 2016 Brandon Ivey Clayton Holdings is one firm that’s interested in providing deal-agent services to the industry…Read More
Bank Selling ‘Flow’ Servicing That Could Reach $600 Million a Year October 10, 2016 Paul Muolo Based on past production trends of the seller, 52 percent of the loans originated will come through the correspondent channel.Read More
Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know? October 10, 2016 Paul Muolo Who will succeed S.A. Ibrahim at Radian? We've heard two names...Read More
What We’re Hearing: The Best Place for an LO? Answer: At a Nonbank / How Wells Fargo Grades its LOs / Remember FM Watch? / Jump? How High? / Pingora Continues to Buy MSRs / The Revolving Door at Clayton / Wornow and Hughes Land October 7, 2016 Paul Muolo Want to make more money? Go work for a nonbank. Want better job security? Work for a depository...Read More
Securitization Market Revved Up in 3Q16, Reaching Three-Year High October 7, 2016 John Bancroft Single-family MBS issuance jumped 25.7 percent during the third quarter to $440.77 billion…Read More
A Minor ‘Realignment’ at Clayton Holdings: Pollock Named Chief Revenue Officer; Capital Markets Chief Wornow Out October 7, 2016 Paul Muolo Radian agreed to buy Clayton in May 2014 for $305 million.Read More
Redwood Set to Issue Third Jumbo MBS of the Year; New Bond Includes FHLB Loans October 7, 2016 Brandon Ivey On average, the loans have seasoned just 1.9 months, one of the fastest turn times for a jumbo MBS in recent years…Read More
Want ‘Cure’ Provisions in TRID? You’d Better Ask Congress October 7, 2016 Thomas Ressler In its proposed rulemaking, the CFPB clearly indicated it was not going to re-open the substance of the rule and address what it considered policy issues…Read More
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