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Although Originations are Up Compared to Last Year, ARM Production Falters

December 15, 2015
Brandon Ivey
Meanwhile, Wells Fargo was the top-ranked ARM lender through three quarters in 2015 with $18.83 billion funded. PHH Mortgage was a somewhat close second...
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Ally Back in Mortgages but Don’t Expect it to Keep MSRs or Securitize

December 15, 2015
Paul Muolo
Make no mistake about it, Ally – whose financing roots can be traced to General Motors – has no visions of grandeur in residential finance.
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Securitization Rates Drift Slightly Higher, but Remain Below Historical Levels

December 15, 2015
John Bancroft
Fannie and Freddie have securitized roughly 80.8 percent of conventional-conforming mortgages over the first nine months of the year.
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MBA Chief Sees Aggregators Kicking Back Problem TRID Loans to Lenders

December 15, 2015
Paul Muolo
Private rights of action are not covered by the CFPB good faith language on TRID...
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FHFA Seeks Comments on Expanding GSE Role in Manufactured Housing Loans, More…

December 15, 2015
Carisa Chappell and Paul Muolo
In the past, the duty to serve rule has received a great deal of attention from manufactured housing executives who argue the GSEs are not purchasing enough of their loans.
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CFPB Massive Data Collection Program in Congressional Cross-Hairs, Mortgages Too

December 15, 2015
Thomas Ressler
Some other CFPB mortgage-related issues could come up for discussion, such as a hold-harmless enforcement period under the bureau’s new TRID rule...
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Short Takes: New Employment Contracts for PennyMac Executives / Short Life, Fast Growth / Struggling Mortgage REIT Javelin Cuts Expenses / Fewer Houses Take a Swim / New Hires for loanDepot Affiliate

December 15, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
By the way, 10 years ago, PennyMac didn’t even exist. Today, it ranks sixth among all residential lenders and 11th among servicers...
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VA-Backed Ginnie Securitization Spikes as Originations Rise

December 14, 2015
George Brooks
The Golden State accounted for $19.4 billion of VA loans in Ginnie pools at the end of the nine-month period. The Old Dominion State accounted for $10.1 billion in VA loans in Ginnie MBS.
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PennyMac Financial Cuts Repo Deal with Barclays

December 14, 2015
Paul Muolo
Through the first nine months of the year, PennyMac originated $36.92 billion of residential mortgages, an impressive 74.9 percent gain from the same period a year earlier.
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Subprime Lender Angel Oak Reveals: 1,300 Loans to Date, Two Delinquencies

December 14, 2015
Brandon Ivey
The only significant nonprime competition Angel Oak faces is Citadel Loan Servicing, Irvine, CA.
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Latest Imf News

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Featured Data

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