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Nonbank Mortgage Firms Report Group Profit for 1Q but Lag Depositories

May 11, 2015
John Bancroft
The eight nonbanks – including the top publicly traded firms that rank high in originations, servicing or both – posted a combined $40.5 million in mortgage-banking income during the first quarter.
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loanDepot Plans to Hire 1,000 New Employees, Including Loan Officers

May 11, 2015
Paul Muolo
Last year loanDepot bought Mortgage Master, Walpole, MA, one of the largest home lenders in New England.
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Independent Lenders Sidle Up to the VA Origination Trough

May 11, 2015
John Bancroft
VA originations by state-licensed lenders rose 14.5 percent from 2013 to 2014.
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FHFA Wants More Workplace, Business Diversity from FHLB System

May 11, 2015
Carisa Chappell
The FHLBs and Office of Finance must now be more specific and include descriptions of their outreach activities in regard to minorities and women.
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Short Takes: Fidelity Set to ‘Spin Off’ Black Knight via an IPO / A Flow Chart is Required / Lots of Spin-Offs / Remember HomeSide Lending? / Shrinking Loss Reserves at the GSEs / Auction.com’s New Hire

May 11, 2015
Paul Muolo and Carisa Chappell
Fidelity, a market leader in title insurance, has a market capitalization rate of $10.6 billion and is headed by William Foley, age 70, who has a history of spinning off companies.
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MountainView and Phoenix Out with New Bulk MSR Deals

May 11, 2015
Paul Muolo
Interactive Mortgage Advisors, MIAC and The Prestwick Group are working on deals as well.
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Another Bullish Sign for Originations: Agency MBS Springs to Life in April

May 8, 2015
John Bancroft
Fannie, Freddie and Ginnie all posted solid gains in volume during April, but Ginnie had the strongest increase with issuance rising more than 32 percent…
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Mortgage Hiring Increases, Strong Demand Across the Board

May 8, 2015
Paul Muolo
Many shops continue to recruit for LOs but with the caveat they have strong ties to Realtors and homebuilders.
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Positive Predictions for the MSR Market in 2015

May 8, 2015
George Brooks
It was clear from a panel discussion at the Urban Institute this week that MSRs have grown in importance as a form of collateral...
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CMBS Delinquencies Hit Post-Recession Low, but Sector Not Out of the Woods Yet; REO Dispositions Take Longer

May 8, 2015
Delinquencies on commercial MBS hit a post-recession low in January before inching up 10 basis points to 4.72 percent the next month, according to figures compiled by Fitch Ratings Service. Then again, Fitch appears to be mostly bullish on the sector, noting that the uptick in late payments was caused by a change in its methodology and that under the old rules delinquencies would have fallen to 4.55 percent. The ratings change excluded deals backed by wireless towers, outdoor advertising and what it calls “certain other non-traditional transactions.” Hotel collateral has...
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