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PennyMac Posts Net Income of $56.2 Million, Founder Sees Consolidation Ahead

November 2, 2018
Brandon Ivey
Stan Kurland: “We expect to see consolidation in the mortgage market, and successful firms will be the ones that have the size, scale and technological capabilities to compete."
Read More

A Sequential Earnings Decline for Fannie Mae, but a Strong Profit Nonetheless

November 2, 2018
Paul Muolo
In less than two weeks, the Senate Banking Committee will hold an oversight hearing on controversial pilot programs launched by Fannie and Freddie...
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MBA Urges CFPB to Relax, Clarify LO Comp Rule to Spur Lender Competition

November 2, 2018
George Brooks
MBA sent the CFPB a letter signed by 250 member firms…
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What We’re Hearing: The Strange Case of Fannie Mae and Freddie Mac / Pro-Pilot Programs / Warren Buffett and the GSEs / Mortgage Recruiter by Day, Opera Singer by Night / Lima One Makes its Move / Magnetar?

November 2, 2018
Paul Muolo
A huge non-QM expansion for Athas Capital?
Read More

Trump’s FHFA Appointee Expected to Curb GSE Footprint but Not Enough to Roil Housing

November 1, 2018
John Bancroft
Eric Kaplan of the Milken Institute: “I don’t think the non-agency market is ready to absorb the market that’s taken away from the GSEs without some significant signaling in advance.”
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Waterfall Unit Brings First Rated MBS Backed by Non-Agency Reverse Loans Since 2007

November 1, 2018
Brandon Ivey
The deal is backed by jumbo reverse loans with a total unpaid principal balance of $571.8 million…
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New Residential Readies Additional Offering of Stock. MSRs on the Shopping List?

November 1, 2018
Paul Muolo
According to Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with a $384.0 billion portfolio at Sept. 30.
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Second-Tier Servicers Continued to Gain Market Share in 3Q18

November 1, 2018
John Bancroft
Meanwhile, the group of servicers ranked sixth through 25th had a combined increase of $119.9 billion from June 30…
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First Pacific Advisors Discloses a 30.9 Percent Stake in Ditech

November 1, 2018
Paul Muolo
First Pacific is an institutional money management firm...
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Short Takes: Should the GSEs Increase Servicing Compensation? / Hanging with Mr. Cooper at No. 3 / PennyMac’s Amended Repo Line / Strong Underwriting Income for Arch, KBW Likes Radian

November 1, 2018
Paul Muolo
David Fleig of MorVest: “We have numerous active conversations with clients thinking about selling MSRs and I am sure our competitors do as well.”
Read More
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Latest Imf News

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