Left on the Table by ‘Big Blue’: Promontory MortgagePath and Promontory Interfinancial October 10, 2016 Paul Muolo One mortgage insurance official who used Promontory Financial Group in the past described the firm’s work as “excellent,” but noted: “They don’t come cheap.” Read More
BLS: Mortgage Brokerage Jobs Up, Mortgage Banking Jobs Down October 10, 2016 Paul Muolo The hiring picture looks bright for now – at least for mortgage brokerage firms…Read More
Ginnie Mae Crushed Single-Family MBS Issuance Records in 3Q16 October 10, 2016 John Bancroft The agency issued a whopping $145.14 billion of single-family MBS during 3Q16…Read More
In Crafting the Deal Agent Concept for Non-Agency MBS, Investors Looked to the GSEs October 10, 2016 Brandon Ivey Clayton Holdings is one firm that’s interested in providing deal-agent services to the industry…Read More
Bank Selling ‘Flow’ Servicing That Could Reach $600 Million a Year October 10, 2016 Paul Muolo Based on past production trends of the seller, 52 percent of the loans originated will come through the correspondent channel.Read More
Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know? October 10, 2016 Paul Muolo Who will succeed S.A. Ibrahim at Radian? We've heard two names...Read More
What We’re Hearing: The Best Place for an LO? Answer: At a Nonbank / How Wells Fargo Grades its LOs / Remember FM Watch? / Jump? How High? / Pingora Continues to Buy MSRs / The Revolving Door at Clayton / Wornow and Hughes Land October 7, 2016 Paul Muolo Want to make more money? Go work for a nonbank. Want better job security? Work for a depository...Read More
Securitization Market Revved Up in 3Q16, Reaching Three-Year High October 7, 2016 John Bancroft Single-family MBS issuance jumped 25.7 percent during the third quarter to $440.77 billion…Read More
A Minor ‘Realignment’ at Clayton Holdings: Pollock Named Chief Revenue Officer; Capital Markets Chief Wornow Out October 7, 2016 Paul Muolo Radian agreed to buy Clayton in May 2014 for $305 million.Read More
Redwood Set to Issue Third Jumbo MBS of the Year; New Bond Includes FHLB Loans October 7, 2016 Brandon Ivey On average, the loans have seasoned just 1.9 months, one of the fastest turn times for a jumbo MBS in recent years…Read More
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