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Loan Broker Market Share Climbs to New Post-Crisis High: 14.9%

August 22, 2019
John Bancroft

Quicken was the market leader in retail lending with UWM taking top honors (by far) in the wholesale category. Wells Fargo was the top correspondent buyer in 2Q19…


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Short Takes: Caution: Possible G-Fee Hike Ahead? (Trump) / A Tax on Homeownership? / Falling Applications and the Industry’s ‘Capacity’ Problem / Top Tech Exec Bolts loanDepot for GR

August 21, 2019
Paul Muolo

The big question: Will the White House and Congress visit the guarantee fee trough once again to pay for it? 


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Its Share Price Waning, Nation’s Fourth Largest Servicer Launches a Buyback Program

August 21, 2019
Paul Muolo

New Residential's stock buyback program is for common shares only and will expire at year-end 2020. In 2019, New Rez has sold additional shares of both common and preferred...


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Zillow Slows Loan Officer Hiring. Reason: Mortgage Tech Issues

August 21, 2019
Brandon Ivey

Until Zillow bought a mortgage company, it was predominantly known for its estimates of individual home values and its residential marketplace... 


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Ginnie Mae MBS Issuance Surges to Four-Year High in July

August 21, 2019
John Bancroft

Lenders pooled $44.70 billion of single-family forward mortgages into Ginnie MBS last month. It was the highest monthly total since July 2015…


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Non-Agency MBS Market Faces ‘Daunting’ Task of Switching from LIBOR

August 21, 2019
Brandon Ivey

The end of LIBOR presents a number of logistical challenges for trustees of vintage non-agency MBS.


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Short Takes: Trump Tells the Market: Mr. Powell, Tear Down Those Interest Rates / The Double-Edged Sword / Not Prepared for the Onslaught? / AEI Sees Negatives In FHA Loosening Condo Rules / Tech Vet Launches Zedvue

August 20, 2019
Paul Muolo

Meanwhile, lenders are swamped these days with new business but are they prepared (staffing wise) to handle the volume?


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More Ocwen Insiders Buy Shares in the Open Market

August 20, 2019
Paul Muolo

Generally, it’s a bullish sign when executives purchase shares of their companies in the open market, especially if they’re paying cash as opposed to buying on margin.


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The Stock Market is Gyrating but Mortgage REITs Keep Issuing Additional Shares

August 20, 2019
Paul Muolo

The issuer list encompasses an array of public “mREITs,” including two of the largest players in the MBS-investing market…


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The Secret Sauce of Non-QM Liquidity: Mortgage REITs

August 20, 2019
Brandon Ivey

CEO Craig Knutson: “MFA’s reputation as a reliable buyer of residential whole loans and dependable capital partner has enabled us to source significant volume of whole loans, including transactions with limited competition.”


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