HECM Volume Down 10.5 Percent YoY; HECM MMIF Value at Negative $7.7 Billion January 4, 2017 George Brooks Through the first nine months of 2016 the HECM volume leaders were American Advisors Group, One Reverse Mortgage and Reverse Mortgage Funding.Read More
Nonprime Lender Citadel Now Actively Hiring Retail LOs; Ends Year with Just Over $500 Million in Originations January 4, 2017 Paul Muolo Citadel now has offices in California, Georgia, Oregon and plans to open an underwriting and transaction location in Salt Lake City soon.Read More
Short Takes: Dr. Carson to Meet the Senate / Next: Steve Mnuchin / New OneWest Allegations a Problem? Probably Not / Redwood Readies its First Jumbo MBS of the Year January 4, 2017 Paul Muolo and Brandon Ivey Will the leaked memo lead to confirmation problems for Mnuchin, a Goldman Sachs and Wall Street alumni? Probably not...Read More
ARM Originations – A Force to be Reckoned With? JPM the Market Leader January 3, 2017 Brandon Ivey The nation’s top three ARM producers are: JPMorgan Chase, Wells Fargo and Bank of America…Read More
New HUD Rules: Housing Counselor Certification a Must January 3, 2017 George Brooks The agency said 108,875 homeowners avoided foreclosure after seeking assistance from a HUD housing counselor.Read More
A Small Club: Nonbank Mortgage Firms (or Their Owners) That Have Purchased Depositories January 3, 2017 Paul Muolo Consultant Joe Garrett notes: “It’s a very small club of mortgage bankers who’ve bought banks…”Read More
A Done Deal: Arch Completes Purchase of No. 1 Ranked MI, United Guaranty January 3, 2017 Paul Muolo With the purchase now complete, there are just six MI firms in the U.S.Read More
Floodwaters of Negative Equity Continue to Recede January 3, 2017 Thomas Ressler When the housing recession was in its early years, negative equity was most pronounced in a handful of Southwestern and Southeastern markets... Read More
Short Takes: Mortgage M&A Bust? / Don’t Expect Sellers to Cave on Price / RPM Mortgage Hungry for Deals? / Bank M&A Quite Strong in a Post-Crisis Sort Of Way January 3, 2017 Paul Muolo With rates rising (and staying that way, for now) mortgage M&A is expected to pick up steam in the coming months...Read More
What We’re Hearing: 10 Mortgage Firms to Keep an Eye on in 2017 – and Why December 30, 2016 Paul Muolo But if you think that Wells Fargo will pull a “BofA” and quietly downshift its presence in mortgages, think again.Read More
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