MBA’s ‘Profit’ Falls Ever So Slightly; Revenues Increase Along With Salaries August 22, 2016 Paul Muolo The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.Read More
Tennessee Bank FB Financial Files for IPO, Looks to Increase Mortgage Business August 22, 2016 Brandon Ivey FB also services roughly $4.02 billion in residential loans…Read More
Call Reports Show Modest Increase in Mortgage-Banking Income for 2Q16 August 22, 2016 John Bancroft The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…Read More
Mortgage Underwriters Make How Much? August 22, 2016 Sherry Muolo Stratmor based its findings on results from 36 companies. Most of the focus was on retail lending.Read More
Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource August 22, 2016 Paul Muolo Is Ocwen's share price extremely undervalued? Read More
Non-QM Lending Stuck in a Funk? August 22, 2016 Thomas Ressler Investors are more willing to buy non-QM loans as long as they are Alt A in nature, industry sources told Inside the CFPB…Read More
The Love Affair Continues: Bank Holdings of MBS Hit a New High in June. GSE Paper Leads the Way August 19, 2016 John Bancroft Depositories also added to their Ginnie Mae pass-through investments, but by only 0.7 percent…Read More
Credit Suisse Involved in Warehouse Financing Security Backed by Agency-Eligible Mortgages August 19, 2016 Brandon Ivey The deal is secured by a master repurchase agreement, purchased mortgages and related assets.Read More
PennyMac’s Stan Kurland Returns to His Past: Table Funding Through Loan Brokers August 19, 2016 Brandon Ivey PennyMac also is pursuing new initiatives to grow seller relationships with credit unions and smaller banks…Read More
Phoenix Selling Flow MSR Package that Could Yield $4.8 Billion August 19, 2016 Paul Muolo Meanwhile, MountainView Servicing Group is selling a $1.9 billion Fannie Mae/Freddie Mac bulk MSR portfolio…Read More
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