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CMBS Market Fueled by Non-Agency Paper

August 2, 2019
John Bancroft

The securitization of retail-property mortgages plummeted 25.7% from 1Q to 2Q, IM&A found...


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An Earnings Decline for Redwood but REIT Sees Margins Normalizing

August 2, 2019
Brandon Ivey

During the quarter, Redwood issued a $400.84 million prime non-agency MBS and sold approximately $800 million through whole loan executions.


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Despite 2Q19 Origination Boom, Mortgage Jobs Lag

August 2, 2019
Paul Muolo

Large nonbanks the likes of UWM, Quicken and loanDepot are hiring but overall, the mortgage employment figures for June were not particularly strong...


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Freedom Mortgage Strikes Again with Another M&A Deal, Agrees to Buy Sub of OTC-Traded Firm

August 1, 2019
Paul Muolo

In 2016, J.G. Wentworth Co. was delisted from the New York Stock Exchange. At the time, its shares traded for 40 cents apiece compared a 52-week high of $10.41. 


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Short Takes: Fannie Mae Warns of a ‘Draw’ From Treasury / Blame CECL / Ginnie Places Restrictions on Cash-out Refis of VA Loans / Blank Rome Hires Industry Veteran Samlin

August 1, 2019
Paul Muolo and Dennis Hollier

Ginnie Mae is turning off the spigot on refinances of high LTV mortgages guaranteed by the VA...


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Former CFPB Official May Have Abused His Position: OIG

August 1, 2019
Yemeng Yang

A political appointee, Eric Blankenstein worked at the CFPB for 18 months as policy associate director of supervision, enforcement and fair lending. He resigned in May of this year and now works at HUD...


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When it Comes to Agency Servicing Rights, Nonbanks Keep Posting Gains

August 1, 2019
Paul Muolo

PennyMac remained the largest nonbank servicer of agency loans with $325.12 billion on its books at the end of June…


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A Sweet $3.4 Billion Profit for Fannie; Dividend Payment Expected? Indeed

August 1, 2019
Dennis Hollier

Fannie has paid Treasury a stunning $181.4 billion in dividends to the U.S. Treasury compared to cash draws of $119.8 billion...


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Mr. Cooper Takes Loss in 2Q Due to Servicing Marks; Originations Spike

August 1, 2019
Brandon Ivey

“The originations segment now acts as a much stronger macro hedge for our servicing operation, and we believe it will play a major role in helping us achieve our profitability and shareholder return targets,” said Jay Bray, Mr. Cooper’s chairman and CEO.


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Short Takes: Give Up Fannie and Freddie? / Why Would You? / $8 Trillion in UMBS Trades / The ‘Transition’ Tax / On a Tear, UWM Buys an Office Building / CSBS Taps Dallas Fed Economist

July 31, 2019
Paul Muolo and Dennis Hollier

One potential solution to the nation’s huge deficits: a transition tax on trades of stocks and bonds, including MBS...


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Latest Imf News

  • Refis Drive Up Originations in Fourth Quarter

  • Pennymac’s Earnings Decline in 4Q With Competition for Refis

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Featured Data

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More Featured Data

Featured Reports

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More Latest Reports

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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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