EverBank Boosts Originations, Sells $5.5 Billion of Servicing Rights to Green Tree July 29, 2015 Brandon Ivey Purchase mortgages accounted for 58 percent of EverBank's originations in the second quarter.Read More
Hatteras Plans to Issue Jumbo MBS by Yearend July 29, 2015 Brandon Ivey At least five lenders are currently delivering jumbo ARMs to Hatteras on a flow basis.Read More
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
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.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
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
Nonbanks Top Contributors to Second Quarter Jumbo MBS July 28, 2015 Brandon Ivey Among the top 10 contributors to jumbo MBS through two quarters this year, half were banks or associated with banks. Read More
Banks Key ‘Behind the Scenes’ Players in Looser Credit: Lending to Borrowers One Day Out of Foreclosure July 28, 2015 Paul Muolo The lender could not provide any volume figures, but Logemann said one in 10 inquiries she receives “has some element” of a consumer who has gone through a foreclosure or short saleRead 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.Read More
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...Read More