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Short Takes: An Increase in Investigations for Nationstar / Succession-Related Hiring / Movement Looking for Sales Personnel / A Solid Profit for Redwood / Greystone Hires MF Executive

August 7, 2017
Paul Muolo
Among residential lenders in a hiring/growth mode is Movement Mortgage...
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Redwood Trust Ready to Test the MBS Waters with ‘Expanded’ Prime

August 4, 2017
Brandon Ivey
Choice mortgages carry rates that are roughly 100 basis points to 125 basis points higher than rates on Redwood’s super-prime program, known as Select.
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Red Hot Housing: July MBS Total the Largest Monthly Purchase-Mortgage Volume Since Loan-Level Data Became Available

August 4, 2017
John Bancroft
Freddie’s purchase-mortgage business soared 17.1 percent from June to July, while Fannie’s was up 9.0 percent…
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Cherry Hill Inks MSR Flow Deal with RoundPoint Mortgage

August 4, 2017
Paul Muolo
CHMI was launched a few years ago by the privately owned Freedom Mortgage, the nation’s seventh largest originator…
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DOJ Cleared to Join Another Constitutional Challenge to the CFPB: Ocwen’s

August 4, 2017
Thomas Ressler
“We look forward to the attorney general’s views on the constitutional issues raised in our motion to dismiss,” an Ocwen spokesman told IMFnews.
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What We’re Hearing: The Clock is Ticking / Ivanka Trump, the GSEs, Mary Bailey and the Debt Ceiling / How Far will the FHFA Go in Loosening Credit? / Bad Timing on Mortgage M&A Deal / Impac’s Non-QM Plans Revealed

August 4, 2017
Paul Muolo
It was thought that Watt, while speaking at the annual convention of the NAREB, might, might say something about the GSE dividend payments...
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Fannie Mae Posts Strong 2Q Profit, Will Pay Treasury $3.1B ‘If FHFA Declares a Dividend in This Amount’

August 3, 2017
Carisa Chappell and Paul Muolo
In early 2018, the Fannie/Freddie capital buffer falls to zero from $600 million this year...
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Big Banks Diverge on a Huge Question: To Retain Mortgages or Not? BofA Keeping 90 Percent…

August 3, 2017
Brandon Ivey
BofA CEO Brian Moynihan: “Now, the answer is, we just retain the mortgages and frankly the credit quality on ours is not worth paying the insurance [associated with selling loans into MBS].”
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And the Beat Goes On: Nonbanks Keep Stealing MSR Market Share from Depositories

August 3, 2017
John Bancroft
Mortgage REIT New Residential posted a stunning 40.1 percent sequential growth rate in its MSR portfolio, according to Inside Mortgage Finance.
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Fannie Posts Strong 2Q Profit, Will Pay Treasury A $3.1B ‘If FHFA Declares a Dividend in This Amount’

August 3, 2017
Carisa Chappell and Paul Muolo
Treasury keeps earning huge dividends from the GSEs, while the junior preferred shareholders can only look on in jealousy...
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