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Flagstar Production Up Almost 17 Percent; Sells $386 Million of IOs

July 28, 2015
Paul Muolo
Meanwhile, the thrift’s gain-on-sale profit totaled 121 basis points compared to 127 in 1Q and just 82 in the second quarter of 2014.
Read More

Former GMAC Mortgage President Abreu Launches Retail/Wholesale Lender

July 28, 2015
Paul Muolo
Abreu ran GMAC from October 2009 to 2013. He then went to work for Ellington Management Group where he headed originations.
Read More

Loan Production Spikes at Guild Mortgage

July 28, 2015
Sherry Muolo
Purchase loans made by Guild totaled $4.4 billion in the first half of 2015, accounting for 66.1 percent of all production.
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Short Takes: Trump Mortgage an Operational ‘Train Wreck’? / Parkside Launches Non-QM Loan for Investors / What Would ‘Crush’ Housing? / mREIT Posts Strong Earnings

July 28, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
Operational problems at Trump Financial? It's all history now...
Read More

Castle & Cooke Has Big Plans for Government Lending

July 27, 2015
George Brooks
Recently the company opened a new branch office in Anaheim, CA, bringing to 38 the number of C&C branch offices across the nation.
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Banks Ramp Up Holdings of GSE Eligible Loans – JPMorgan In Particular

July 27, 2015
Brandon Ivey
During JPM’s recent earnings call, Lake said “over half” of the new portfolio additions were jumbos and “the other half” were conventional mortgages.
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Latest Jumbo MBS from JPM Includes ARMs, IOs Mostly Originated by First Republic

July 27, 2015
Brandon Ivey
The vast majority of the jumbos were originated by First Republic Bank and have seasoned for an average of 2.4 years.
Read More

Residential Lending Rises 44 Percent at PennyMac

July 27, 2015
Paul Muolo
PennyMac increased its servicing portfolio to $136 billion at June 30, an 18.2 percent sequential gain.
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IMA Offering $712 Million of GSE Servicing Rights

July 27, 2015
Paul Muolo
As the summer moves along, servicing auctions of all different sizes keep coming...
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Short Takes: What, Donald Trump Had a Mortgage Company? / GradeMyBank? / A Lack of Risk Retention by JPM on New Jumbo Deal / Fix or Flip? The Answer: Flip / Earnings Gain for CoreLogic

July 27, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
Donald Trump, a mortgage broker too?
Read More
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Latest Imf News

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Featured Data

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