Mortgage Complaints Down Without Exception, Data Show April 10, 2017 Thomas Ressler Compared to the fourth quarter of last year, mortgage complaints declined by 14.8 percent.Read More
Are Nonbanks Losing Their Mojo with Fannie and Freddie? GSE Market Share Slips Again April 10, 2017 John Bancroft Single-family volume was down from the unusually high level in the fourth quarter of last year…Read More
Phoenix Capital Selling $2.5 Billion of Bulk GSE Servicing Rights April 10, 2017 Paul Muolo It’s not often that FHLB servicing rights hit the auction block…Read More
Mixed Performance for Nonbanks, but Quicken Strong April 10, 2017 Brandon Ivey Moody’s notes that the privately held Quicken Loans has strong profitability “due to its solid franchise position and strong capital levels…”Read More
UWM Funds $4.6 Billion in 1Q, Expects 2Q to be Much Bigger April 10, 2017 Paul Muolo UWM is the nation’s largest table funder in the nation, followed by Caliber Home Loans and Stearns Lending, according to a full-year 2016 ranking from Inside Mortgage Finance…Read More
Short Takes: Ocwen’s $6 Million Man / 21 Board Meetings in One Year / GSE Reform on Track for Next Year? / Senate Meeting on GSE Reform / FirstKey’s SFR Deal April 10, 2017 Paul Muolo Cowen assigns a 65 percent probability to a GSE bill becoming law next year…Read More
MBS and ABS Issuance Cooled in Early 2017 as Refis Swooned April 7, 2017 John Bancroft Fannie, Freddie and Ginnie securitized $156.80 billion of refi loans during 1Q17, down 35.1 percent sequentially, according to Inside MBS & ABS.Read More
Fannie Mae Controller and Principal Accounting Officer to Depart April 7, 2017 Paul Muolo Fink is expected to leave Fannie Mae in the second half of the year.Read More
What We’re Hearing: Ocwen and Walter, Two Peas in a Pod? / The Shorts Have Made Their Money and Moved On / Will loanDepot Ever Go Public? / Freddie Bullish on MF / When Fannie Mae Earned More Money than the Roman Empire April 7, 2017 Paul Muolo One GSE watcher called it, "The biggest company quarterly profit since the Roman Empire, adjusted for inflation of course.”Read More
Annaly Buying More Non-Agency Whole Loans April 6, 2017 Brandon Ivey As its footprint in the residential credit market expands, counterparties are looking to Annaly as a source of liquidity…Read More