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Flagstar Hires Mr. Cooper Executive to Lead Warehouse Finance

October 3, 2019
Paul Muolo

Prior to joining Flagstar, Neufeld spent more than five years as SVP and treasurer of Mr. Cooper, where he managed the nonbank’s warehouse lines and was responsible for oversight of all treasury functions…


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GSE Shareholders Continue Battle Against Profit Sweep. A SCOTUS Review?

October 3, 2019
Dennis Hollier

In their petition for a writ of certiorari, the shareholders said the Fifth Circuit afforded them no relief from their injuries and the “petitioners are thus not ‘prevailing parties’ in any meaningful sense.”


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Quicken Affiliate to Issue its First Non-Agency MBS

October 3, 2019
Brandon Ivey

In recent years, mortgages funded by Quicken have been included in prime non-agency MBS issued by others, but this is the first deal backed solely by loans originated by Quicken and serviced by the firm.


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Spurred by Refis, Agency MBS Issuance Climbs to 11-Year High

October 3, 2019
John Bancroft

The biggest growth in the agency mortgage market during the third quarter of 2019 came from increases in refinance lending…

 


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Another Big Month for Ginnie MBS Issuance

October 2, 2019
John Bancroft

Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…


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Can the Non-Agency Market Absorb the GSE Slack? Experts Not So Sure, Including a Former Freddie CEO

October 2, 2019
Dennis Hollier

Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...


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Ditech Completes Sale of ‘Forward’ Assets to New Rez, Including $62B of MSRs

October 2, 2019
Paul Muolo

New Residential will assume some of Ditech’s office space and roughly 1,100 workers will be offered employment at the REIT.


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Lower Share of GSE-Eligible Loans in Latest MBS from Redwood

October 2, 2019
Brandon Ivey

Mortgages eligible for sale to the GSEs accounted for about 25% of the dollar volume of loans in prime non-agency MBS from Redwood earlier this year while the new deal includes a 10% share of GSE-eligible loans.


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Short Takes: Hurricane Warren? / The Heart and the Soul of the CFPB / Big Bank Breakup? / Don’t Plan Calabria’s Going Away Party Quite Yet / New Hires for Greystone

October 1, 2019
Paul Muolo

Fannie Mae and Freddie Mac a political issue in the 2020 election? Not by a long shot...


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A Healthy Quarter for Interest-Only Originations

October 1, 2019
Brandon Ivey

First Republic, JPMorgan Chase and CitiMortgage led the IO pack during the second quarter. Interest-only originations tend to be concentrated in the jumbo space...


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Latest Imf News

  • Servicing Portfolios Decline at Rocket, Chase in 3Q

  • Onity Adjusting MSR Acquisition Strategy, Subservicing

  • Ending GSE Conservatorship by 2028 Looks Unlikely

  • Consumer Advocates Seek Stronger Regulation of HEIs

More Imf News

Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

  • Major Lenders Pull Back on ECM MBS in 3Q

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  • Originations Tumble 16% in Third Quarter

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

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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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