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Mortgage Brokers Gain Share in FHA Lending, but Lose Ground on VA

November 5, 2018
John Bancroft
United Shore Financial Services ran the top FHA wholesale-broker program, generating $1.53 billion during the third quarter.
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As the Clouds Roll In, Some Lenders Turn to Non-QM, Including FGMC

November 5, 2018
Paul Muolo
PIMCO, which controls FGMC, is no stranger to the non-QM market…
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New Residential in Talks with Multiple Lenders to Buy Non-QM Loans

November 5, 2018
Brandon Ivey
Nierenberg, a former Bear Stearns executive, stressed that New Residential is going to be relatively conservative with its underwriting standards for non-QMs.
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Ahead of 3Q18 Results, Impac’s Share Price Falls to a 52-Week Low

November 5, 2018
Paul Muolo
Impac’s share price fell to a new 52-week low Monday: $5.10.
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Mutual of Omaha’s MB Inks Deal to Buy Assets of BBMC

November 5, 2018
Paul Muolo
No details were provided regarding the assets that Synergy will take on…
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Short Takes: The Election Day Crystal Ball and the GSEs / One More Try at a GSE Bill? / Hensarling Wants to Bury the GSE Model / John Britti’s Extra Pay / A New Texas Branch for Waterstone

November 5, 2018
Paul Muolo
On Friday, long-time GSE critic Rep. Jeb Hensarling, R-TX, took one more rock to Fannie and Freddie...
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loanDepot Again Taps the Securitization Market for Its First Warehouse Finance Deal of 2018

November 2, 2018
loanDepot, one of the nation’s largest nonbank home lenders, has come to market with a $300 million warehouse-related securitization for its Mello digital lending division. Three of the deal’s five tranches have received ratings from Moody’s Investors Service. The other two were not rated.
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Non-Agency MBS Market Revels in a Banner Year, But…

November 2, 2018
John Bancroft
The nonprime sector has split off from jumbo, and there are now roughly 70 investors in the sector.
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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."
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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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Latest Imf News

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Featured Data

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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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