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Celebrities, in Theory, Can be Good Mortgagors

July 21, 2015
Sherry Muolo
Of course, just because some actors earn millions each year doesn’t mean they’re good at holding onto what they bring home...
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Short Takes: Some Details on LPMI Volume and Discounting / Happy Birthday to the CFPB and Dodd-Frank? / Do Mortgage Firms Need a Chief Risk Officer? / Annaly Gets a New CEO

July 21, 2015
Paul Muolo and Thomas Ressler
Happy birthday to the CFPB? Well, it all depends on which side of the mortgage table you sit on...
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As Megabanks Retreat, Smaller Depositories Build Share in Mortgages

July 20, 2015
John Bancroft
The titans of the industry – the four banks with over $1 trillion in total assets – shrank their mortgage portfolios by a combined 0.5 percent over that period.
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United Wholesale Launches Interest-Only ARM, Allows for Non-Jumbo Borrowers

July 20, 2015
Brandon Ivey
Mat Ishbia, CEO of United Wholesale, stressed that interest-only mortgages are for “well informed” borrowers.
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Is the 25-Day Loan Closing a Myth?

July 20, 2015
Paul Muolo
One senior mortgage manager, who has been in the business for 25 years., said despite what lenders may say about closing times, actual experience is probably worse. “No one is closing under 30 days,” he said. “Most will be over 50 days.”
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Nonprime Lender Citadel on a Tear, Hires Correspondent Chief

July 20, 2015
Paul Muolo
To date, most of Citadel's mortgages have been sourced through loan brokers, but recently the company hired a correspondent manager, Alan Peviani...
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Ginnie Mae Securitization Volume Soars

July 20, 2015
George Brooks
Wells Fargo was the top issuer in 2Q with $16.0 billion, followed by PennyMac and Freedom Mortgage.
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Short Takes: More Wholesalers Entering the Market? / Expanding from VA to FL / Cerberus Unit Readies ‘Seasoned’ MBS / When on PHH? / W.J. Bradley Exec Jumps Ship for Home Point

July 20, 2015
Brandon Ivey and Paul Muolo
A unit of Cerberus Capital Management is preparing to issue a non-agency MBS backed by loans that have seasoned for an average of 8.9 years...
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What We’re Hearing: Is Non-QM Lending a Bust? / The Pathos of Ethos / TRID May Delay Loan Closings by How Many Days? / Telling the Truth on Loan Closings / A Record Year, So Far, for United Wholesale / Little League 1, the CFPB 0

July 17, 2015
Paul Muolo
During the first six months of 2015 UWM funded $6.78 billion. “It was our best six months ever,” CEO Mat Ishbia told IMFnews...
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First Republic, EverBank Lead Contributors to New Jumbo MBS from JPMorgan

July 17, 2015
Brandon Ivey
The dollar volume of the jumbo security differs significantly from a $189 million deal suggested by American Mortgage Consultants last week
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