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Short Takes: Ginnie’s Kasper Takes Her Bow / Discovering Japan? (Appleton) / Better Times at Better.com (And a New Hire) / DocMagic Launches Mobile App / Exec Departs Caliber for Flagstar

October 17, 2019
Paul Muolo

Mortgage “fintech” specialist Better.com is hitting the ball out of the park these days on originations. Better is based in New York...


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VA Completes a Gargantuan Task: $400M in Refunds Over Two Decades

October 17, 2019
George Brooks

Some of the improper fee charges were blamed on clerical errors…


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Quicken Has Big Plans for QLMS Unit. Firm Looks to Hire 250

October 17, 2019
Paul Muolo

Quicken said QLMS increased its volume of closed loans 240% from the third quarter of last year to 3Q19…


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Wow: Nonbank Share of Agency Servicing Market Tops 47%

October 17, 2019
John Bancroft

Fun fact: Over the past five years, the nonbank share of the agency servicing market has almost doubled and now stands at 47.2%...


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FHFA Chief Suggests an Early End to the Conservatorships

October 17, 2019
Dennis Hollier

Believe it or not, the two mortgage giants are much closer to getting out from under the FHFA’s thumb than most observers expect…


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Short Takes: Democrats Question CFPB Chief on Enova / Elizabeth Warren, Good for Mortgage Rates? / Leon Cooperman’s Ocwen Bet / A Positive Reading on New Business / A Big Promotion at Quicken

October 16, 2019
Yemeng Yang and Paul Muolo

Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...


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HMDA Analysis: ‘Higher-Priced’ Loans on the Rise

October 16, 2019
Brandon Ivey

Higher-priced mortgages are a regulatory designation based on the comparison of the annual percentage rate on a mortgage with the average prime offer rate, which tracks rates offered to prime borrowers.


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FHFA GSE Advisory Contract Valued at $20 Million, At Least

October 16, 2019
Paul Muolo

One analyst who has written extensively on the recap-and-release topic estimates the advisory contract could be worth $20 million to $30 million...


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Latest Expanded-Credit MBS from Angel Oak Smaller than Recent Issuance

October 16, 2019
Brandon Ivey

Angel Oak issued two non-QM MBS earlier this year that each topped $600 million. The new offering is sized at $353 million.


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A Decent Origination Quarter for Bank of America

October 16, 2019
Paul Muolo

BofA no longer reports mortgage earnings separately in its quarterly results. Residential finance is housed in the company’s community banking division, which reported net income of $3.3 billion in 3Q19, a slight gain from the prior period.


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Latest Imf News

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