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Ginnie MBS Production Tumbled to Three-Year Low in 1Q18

April 11, 2018
John Bancroft
The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.
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Thanks to Rising Rates, Servicing Values Jump

April 11, 2018
Paul Muolo
Mark Garland, president of MountainView Servicing Group, Denver, reported that SRP prices are indeed strong these days. “Absolutely, it’s the best it’s been in years,” he said.
Read More

Short Takes: Rep. Waters Doesn’t Hold Back on Criticism of Mulvaney / Next Up: Sen. Warren (CFPB Founder) / When Bank LOs Make More than Their CEOs / G-Rate Steps Up LO Recruitment / Worrying About GSE Servicing Comp (Still)

April 11, 2018
Brandon Ivey and Paul Muolo
According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...
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Bill Dallas Named President of Finance of America?

April 10, 2018
Paul Muolo
So far, Bill Dallas has shunned all media requests for comment.
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SoFi Hires Former Co-Head of Structured Finance at Goldman as CFO. Meaning?

April 10, 2018
Brandon Ivey
The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…
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GNMA Chief Confident Agency Will Win Back Investors

April 10, 2018
George Brooks
Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating the problem.
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MountainView Selling $6B-Plus of Bulk Servicing Rights

April 10, 2018
Paul Muolo
The bulk portfolio has ultra-low delinquencies…
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ARMs Gained Market Share in 2017, but Volume was Flat

April 10, 2018
Brandon Ivey
Chase was the top-ranked ARM producer in 2017…
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Short Takes: Morgan Stanley Dumps PHH Shares / Wells Fargo Doing Just Fine / What did the Megabank Do Wrong This Time? / Out of Character for Mulvaney? / Wells is Not Running a Charity / A Vote Against Being Socially Responsible / Envoy Sells TPO Unit to

April 10, 2018
Paul Muolo
In a nut shell, Wells argues it’s not running a charity (but of course) and that executive compensation is “designed to pay for performance and encourage long-term shareholder value.”
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Non-Agency MBS Issuance Shines Brightly in 1Q18; EC MBS a Standout

April 9, 2018
Brandon Ivey
Expanded-credit MBS issuance tripled in the first quarter…
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Latest Imf News

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Featured Data

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More Featured Data

Featured 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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