Phoenix Selling Bulk Fannie Mae Servicing Rights June 15, 2017 Paul Muolo Bids are due June 27. Delinquencies total just 0.3 percent of the entire package.Read More
Short Takes: Atlanta Nonbank Gets its Ginnie Mae Eagle / FSR Top Heavy in Former FHFA Officials / MAXEX Wants to be a Player in Jumbos / Hunt Mortgage Hires PennyMac Official June 15, 2017 Paul Muolo and Brandon Ivey It certainly seems like the Financial Services Roundtable wants to be a key player in GSE reform... Read More
Nonbanks Contemplate Raising Debt. But Can They? June 15, 2017 Paul Muolo Two years ago, Quicken Loans sold $1.25 billion worth of corporate bonds at a yield of 5.75 percent for 10 years.Read More
The Collingwood Group Ready to Make ‘Key’ Government Hires, But Who? June 15, 2017 Paul Muolo Unfortunately, Rood said he’s not at liberty to name names or agencies...Read More
DOL to Seek Public Comment on Blocked Overtime Rule, Which Affects LOs June 15, 2017 George Brooks During his confirmation hearing in March, Labor Secretary Alexander Acosta said he favored raising the exemption threshold but only up to $33,000.Read More
Servicing Balances Hit $10.33 Trillion; Eight Consecutive Quarters of Growth June 15, 2017 John Bancroft Fun fact: Ginnie Mae servicing now represents 16.5 percent of all residential debt outstanding – more than triple the program’s market share at the end of 2008.Read More
In Wake of Accounting Problems, Walter/Ditech Discloses ‘Waivers’ From Warehouse Lenders June 14, 2017 Paul Muolo Walter’s warehouse providers include Wells Fargo and Credit Suisse, among others.Read More
Marketplace Lender SoFi Files for Bank Charter. Is an IPO in the Wings? June 14, 2017 Paul Muolo Last year, SoFi received approval to become a Fannie Mae seller/servicer.Read More
Short Takes: Lending to Real Estate Agents? / An Industrial Bank Charter / SoFi’s Purchase of Zenbanx / Apps Rise / C&C Moves Into Reno June 14, 2017 Paul Muolo And a business plan is born: lending money to real estate agents... Read More
USDA Securitizations Decline; Freedom Shows Stellar Growth, Thanks to Chase Deal June 14, 2017 George Brooks In the first quarter, Amerihome Mortgage had the largest sequential growth rate in USDA lending.Read More