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Thanks to Plunging Interest Rates, Loan Production Hit a Three-Year High in 2Q16; Huge Gains at Some Shops

July 28, 2016
John Bancroft
Among the top 10 residential lenders in 2Q16, Caliber Home Loans had the largest sequential gain at 51.9 percent, according to an analysis by Inside Mortgage Finance…
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Time Running Out on July Release of ‘TRID 2.0’; NAR Weighs In

July 28, 2016
Thomas Ressler
TRID 2.0 could arrive in early August instead…
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Top-Ranked Jumbo Issuer Two Harbors Pulls the Plug on its Jumbo Conduit Business

July 28, 2016
Brandon Ivey
Two Harbors has been a major player on the post-crisis jumbo MBS market and was even the top-ranked jumbo MBS issuer in the first half of 2016…
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Mortgage Applications Down for the Week, but Business Still Humming at Some Shops

July 28, 2016
Sherry Muolo
New applications are at an all-time high at Skyline Home Loans in California…
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CIT Unveils $230 Million of ‘Additional’ Reserves Tied to Reverse Mortgage Business; HUD Probe Continues

July 28, 2016
Paul Muolo
Financial Freedom’s operation is the subject of an investigation being conducted by the HUD IG's office...
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Short Takes: Will the Last Jumbo Securitizer Left in the Business Please Turn Off the Lights / A Positive Word on Ocwen / Ocwen’s Irony / A Tidbit on One of MBA’s New Members / Strong MI Results for Arch

July 28, 2016
Paul Muolo
JGWHL’s parent company was recently delisted by the New York Stock Exchange…
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Citadel Servicing CEO: $50 Billion Available to Buy Nonprime Mortgages

July 27, 2016
Brandon Ivey
Caliber executive William Pendleton noted the nonprime MBS recently issued by Lone Star Funds (which owns Caliber) will help the lender significantly reduce interest rates on new originations.
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Small Commercial Banks Quietly Amassing MSR Market Share

July 27, 2016
Brandon Ivey
Smaller depositories held 8.0 percent of the banking industry’s total mortgage servicing assets in 2015, up from a share of less than 2.0 percent as recently as 2009.
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Home Point Financial Inks Deal to Buy Emery Financial’s Assets

July 27, 2016
Paul Muolo
Home Point, which has backing from a PE firm, may have its ears open to future deals…
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Servicers Wonder How Much Time the CFPB Will Give Them on New Rules

July 27, 2016
Thomas Ressler
“We have a pretty good idea of what the bureau is going to do in substance,” said Donald Lampe, a partner in the financial services group at Morrison & Foerster…
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