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Blackstone Stays Mum on PMAC Deal, Despite Social Media Postings

August 4, 2015
Paul Muolo
Blackstone has bought at least one nonbank the past year and is eyeing several other acquisitions but has offered no commentary on its plans...
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Short Takes: A Slight Decline in G-Fees at Freddie / Underwriting Looser? / Lenders One Lines Up New Investors / A New CEO Yet for LO? / UGI Increases NIW

August 4, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...
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Banks Report Strongest Mortgage Profits in Two Years

August 3, 2015
John Bancroft
At the midway point of 2015, the group’s $8.061 billion in year-to-date mortgage-banking income was up 15.1 percent from the first six months of 2014.
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Nonprime Lender Citadel Increases Maximum Loan Amount to $3 Million

August 3, 2015
Paul Muolo
Company CEO Dan Perl said the privately held nonbank has been receiving several applications for loan amounts ranging from $2.1 million to $2.7 million...
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Two Harbors Prepares Jumbo MBS Backed by QMs with Little Seasoning

August 3, 2015
Brandon Ivey
Clayton Holdings noted that 75.9 percent of the mortgages were originated via the retail channel with the balance coming through loan brokers.
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California Top Market for Mortgage Insurance

August 3, 2015
John Bancroft
But only 33.0 percent of California mortgages had primary MI coverage, compared to 46.6 percent for the nation as a whole.
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Freddie Mac Unveils First Securitization of Small-Balance Multifamily Loans

August 3, 2015
Paul Muolo
Greystone Servicing Corp. originated all of the 44 notes in the deal.
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Short Takes: PMAC and Blackstone, What Gives? / Meet the New Head of the NYDFS? / BofA Makes Progress on Mortgage Relief / Freddie Dumps NPLs / Home Point Hires Ex-Weichert Official

August 3, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
According to one published report, Gov. Andrew Cuomo is considering John Coffey as the next superintendent for New York Department of Financial Services.
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Ginnie Mae Underscores Importance of Issuer Seasoning Before Engaging in Co-Issuance Programs

July 31, 2015
Ginnie Mae said new MBS issuers need to gain some experience in the agency’s program before they are allowed to do servicing transfers, but some newly approved issuers have attempted to do so. Roy Hormuth, director of single-family securitization at Ginnie Mae, said there has been some misconception among new issuers about doing a co-issuance program in their first month in the Ginnie program despite the fact that they are not ready for it. New issuers must first demonstrate that they can successfully manage the servicing themselves before they can transfer servicing immediately, he said. In a co-issuance transaction, a company sells...
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What We’re Hearing: It’s About to be Official: Blackstone Buying PMAC / Who’s Next on the Blackstone Hit List? / The Asking Price for RoundPoint is… / Ocwen’s Share Price Gets Clobbered Again / India Not the USA / The Return of Mark Filler

July 31, 2015
Paul Muolo
Potential investors in RoundPoint Mortgage include PIMCO, which so far has spent several million dollars on due diligence and legal costs...
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Latest Imf News

  • Fed to Propose Capital Changes for Banks, Mortgages

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Featured Data

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Featured Reports

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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