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Agency Servicing Transfers Slowed in Early 2018

April 30, 2018
John Bancroft
In 1Q18, the top three coissuance sellers of servicing rights were Fairway Independent Mortgage, Finance of America, and Movement Mortgage.
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Redwood Trust to Acquire Minority Stake in Non-Agency Lender 5 Arches

April 30, 2018
Brandon Ivey
“The opportunity for us is clear,” said Christopher Abate, president of Redwood. “Capital needs in this still emergent sector of housing finance continue to rise..."
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1Q18 Roundup: Megabanks Suffered Mega Declines in Lending

April 30, 2018
Paul Muolo
In an unusual development for a top mortgage lender, BofA announced that it would no longer report any information about its mortgage banking operations.
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Freddie Rolls Out New Low-Downpayment Mortgage

April 30, 2018
Carisa Chappell
HomeOne will be available beginning July 29…
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Short Takes: HUD Yanks Approvals on 23 Lenders, Most of Them Banks / Goldman Sachs, Warehouse Lender, but… / Rep. Waters None Too Happy with Mulvaney / A Document Dump is Requested / A Promotion at J.G. Wentworth

April 30, 2018
Paul Muolo
Rep. Waters wants CFPB acting director Mulvaney to turn over documents regarding meetings he's had with the industry...
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Commercial Mortgage Securitization Starts Strong in 2018 Despite Sharp Downturn from Torrid Pace Set in Late 2017

April 27, 2018
Securitization of commercial mortgages got off to a solid start in the first quarter of 2018, with the non-agency sector showing more strength than it did a year ago. [Includes one data chart.]
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Commercial Mortgage Securitization Starts Strong in 2018 – Compared to 1Q17

April 27, 2018
John Bancroft
The agency share of securitized multifamily mortgages has been high since 2008…
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MSR-Investing REIT New Residential Has a Blowout 1Q18: A Profit of $614.3 Million

April 27, 2018
Paul Muolo
New Residential said during and subsequent to the first quarter, it entered into agreements to buy $38.0 billion of mortgage servicing rights...
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Western Asset Goes Big with its First Non-QM MBS: A $1.25 Billion Deal

April 27, 2018
Brandon Ivey
Interesting fact: Most of these non-QM loans were originated by banks...
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In New Amendment, CFPB Addresses the TRID ‘Black Hole’ Issue

April 27, 2018
Yemeng Yang
In July 2017, the CFPB proposed an amendment to resolve the black hole issue and began taking comments.
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