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Rates Creeping Back Up and That Means One Thing: Lower Applications

April 17, 2019
Paul Muolo

No one in the industry is hitting the panic button quite yet. After all, it’s the spring home buying season...


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360 Mortgage Plans Up to $1.0 Billion of No-Income, No-Asset Mortgages

April 17, 2019
Brandon Ivey

360 Mortgage is focusing on non-owner-occupied investment properties, which aren't subject to ability-to-repay requirements...


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A Weak Start for Ginnie MBS Issuance

April 16, 2019
John Bancroft

Ginnie production hadn’t been that low since the second quarter of 2014...


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GE Hit with $1.5 Billion Penalty from DOJ for Problems with Pre-Crisis Mortgages

April 15, 2019
Brandon Ivey
WMC Mortgage "jacked up volume without controls," according to a member of General Electric's corporate audit staff.
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Short Takes: Judge Orders Mediation for Quicken and Uncle Sam / Fighting Rather Than Quitting / A Mortgage Sample of Just 55 Loans / Calabria and GSE Stock Prices / Waiting on the Swearing In / Arch and Some Predictions About the (Coming) Recession

April 9, 2019
Paul Muolo
In late 2015, Quicken executive Bill Emerson complained how DOJ sued based on a paltry sample of the lender’s government-backed loans. “They cherry-picked just 55 loans [for its case],” he said…
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Lenders Fear Expanded HMDA Reporting Could Lead to More Scrutiny

April 9, 2019
Yemeng Yang
More data = more scrutiny?
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Lower Rates ‘Manna From Heaven’ for Lenders

April 9, 2019
Paul Muolo
Mat Ishbia, CEO of UWM, noted: “We finished the first quarter with [loan production] of about $17.56 billion, more than double what we did in 1Q1 2018…”
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JPMorgan Chase Packing Prime Loans into its First Non-QM MBS

April 9, 2019
Brandon Ivey
All of the mortgages were originated by Chase, predominantly through the correspondent channel...
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Look Who’s Gaining in the Agency Market: Loan Brokers

April 9, 2019
John Bancroft
Retail-originated loans accounted for 47.0% of first-quarter agency business, the lowest share since loan-level MBS data became available in 2013…
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Fourth Quarter Income Down Sharply for Publicly Traded Nonbanks

March 25, 2019
John Bancroft
Two nonbanks that have been steady earners reported significant losses during the fourth quarter…
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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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