Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale November 20, 2018 Paul Muolo Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...Read More
Correspondent Platforms Gained Market Share in 3Q18 November 20, 2018 John Bancroft Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…Read More
Meetings Scheduled for January as Nonbanks Ponder Impact of Ginnie ‘Liquidity Letter’ November 19, 2018 Paul Muolo Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced. Read More
As Conventional Lending Slumps, Expanded-Credit Originations Fill the Void November 19, 2018 Brandon Ivey The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…Read More
FHA Seeks to Strengthen MRB Authority November 19, 2018 George Brooks While the goal of a stronger MRB is not new, it has taken on a new urgency in discussions between HUD and DOJ...Read More
MIAC Hits the Market with a $7B MSR Package November 19, 2018 Paul Muolo Loans in the pool have an average age of 24 months.Read More
Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager November 19, 2018 Paul Muolo, Brandon Ivey, and Yemeng Yang Rates were in a decline Monday morning...Read More
Non-Agency Jumbo Sector Loses Market Share in 3Q18 November 19, 2018 Brandon Ivey The decline in market share for jumbos has occurred as interest rates have risen.Read More
As Mortgage M&A Heats Up, Panorama Partners Ready to Pounce November 19, 2018 Paul Muolo Panorama is not new to the mortgage business. In July 2016, the Omaha-based PE firm unveiled a “significant” investment in Alterra Home Loans…Read More
REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand November 16, 2018 John Bancroft Non-agency MBS holdings by REITs grew slightly faster than agency securities…Read More
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