Short Takes: TRID Loan Delays, Yes / Nationstar Share Price Hits New Low / Mortgage Employment Not So Bad / Don’t Roll Your Student Loan into the Mortgage / Good News for MI Firms December 9, 2015 Paul Muolo The TRID rule delays loan closings by at least 11 days at this shop...Read More
Fannie/Freddie Business Fell Sharply in November, Footprint Shrinking December 8, 2015 John Bancroft It's that time of the season: MBS issuance was down 30.6 percent at Fannie and off 17.4 percent at Freddie.Read More
SF Credit Union Rolls Out No $ Down, $2 Million Jumbo Loan; No MI Too December 8, 2015 Brandon Ivey Sky high housing costs in the Bay Area prompts one lender to roll out a $2 million jumbo loan, no money down...Read More
The ‘New’ Subprime Sector: Small Loan Volumes, Big Interest From Investors December 8, 2015 Paul Muolo PE firms and hedge funds are showing a strong interest in the emerging class of subprime residential lenders...Read More
Freddie Mac Unloads $1.1 Billion of NPLs to Three Bidders December 8, 2015 Carisa Chappell The average loan-to-value ratio of the NPLs is 91 percent, based on the broker price opinion. Read More
Origination Profits Tumble Almost 19 Percent in 3Q15 as Costs Rise December 8, 2015 Paul Muolo The trade group’s profitability calculation is based on average production volume of $614 million per company in the third quarter. Read More
Short Takes: Mid-sized Nonbank Open to Offers? / Purchase Lending Looking Up, Way Up / A Revision to the Purchase Number / Tighter Credit is Here / SFR Firm Hires COO December 8, 2015 Paul Muolo and Sherry Muolo Time to rejoice: purchase-lending could regularly top $1 trillion a year...Read More
GSE Buybacks Down Slightly in 3Q15 as Focus Shifts to More Recent Books December 7, 2015 John Bancroft During the worst of the buyback storm in late 2012 and early 2013, the GSEs reported over $18.51 billion of unresolved repurchase requests and as much as $13.22 billion in buybacks during a single quarter.Read More
Mortgage Loan Officers in Demand, Servicing Workers Not So Much December 7, 2015 Sherry Muolo According to its website, Movement Mortgage also seeks to hire underwriters, a mortgage licensing specialist and an associate general counsel. Read More
IMA Out With Almost $7 Billion Worth of MSR Deals December 7, 2015 Paul Muolo On the $5.9 billion MSR pool, 42 percent of the rights are tied to mortgages in California, Florida and Texas...Read More
RSS