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Stearns Holdings Wants to Retire $80 Million Worth of High-Yielding Paper

April 16, 2018
Paul Muolo
Finance of America’s new president is industry veteran Bill Dallas.
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Short Takes: Watt Looks Back / Will Trump Shock the Mortgage Industry and Give Him Another Term? / LenderLive Buys Vendor, More Deals in the Works? / A New Director for Freddie Mac

April 16, 2018
Paul Muolo
Watt’s term expires in early 2019. President Trump is not expected to nominate him to another term. Then again...
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Due Diligence Giant AMC is Sold As Non-Prime Securitization Heats Up

April 13, 2018
Stone Point Capital, which seems to have an insatiable appetite for mortgage-related assets, has added due diligence provider American Mortgage Consultants to its growing stable of companies.
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Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise

April 13, 2018
John Bancroft
During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…
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Chicago Bank Pulls the Plug on National Residential Lending, Will Take a $37 Million Hit (At Least)

April 13, 2018
Paul Muolo
MB Financial plans to keep originating home loans in the greater Chicago area and will keep its mortgage servicing platform intact.
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JPM’s Origination Machine Tanked in 1Q18

April 13, 2018
Paul Muolo
Despite the drop, JPM marked up the asset value of its mortgage servicing portfolio...
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A 19 Percent Drop in Residential Lending at Wells Fargo; Megabank Says Regulators Want $1B to Settle Auto and Mortgage RLC Charges

April 13, 2018
Paul Muolo
Wells said the CFPB and OCC have asked the megabank for a $1 billion settlement in the matter.
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What We’re Hearing: OMB Reviewing VA Anti-Churning Rule / MB Financial Shutters Mortgage Division: A Canary in a Coal Mine? / Put Your Seatbelt On / No Complaints From the Nonprime Sector / The Search for Dave Stevens Successor at MBA Narrows

April 13, 2018
Paul Muolo and George Brooks
Now comes the big question: How many more MB Financials are out there?
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MBA Casts the Net Far and Wide for New Chief

April 13, 2018
To date, Spencer Stuart, the search firm working to find a successor to Mortgage Bankers Association President and CEO Dave Stevens, has contacted roughly 40 different men and women, according to industry officials who claim to have knowledge of the process. For the most part, MBA wanted to cast a net as wide as possible, approaching current and former members of Congress, trade group officials, lobbyists and senior and veteran industry executives. Included in the initial search ...
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Private MI Loan Volume Down Sharply in 1Q18

April 12, 2018
John Bancroft
The upside for private MIs is that their purchase business started off 2018 at a more robust level than last year…
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Latest Imf News

  • GSEs Increase Issuance of Specified Pools in Second Quarter

  • Garg Out as Better’s CEO; Another Loss for Nonbank in 2Q

  • FHFA Faces Some Pushback on Duty-to-Serve Proposal

  • Angel Oak REIT Returns to Profitability in Second Quarter

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Featured Data

  • Expanded-Credit MBS Issuance Declines in 2Q

  • Top Ginnie Servicers See Modest Growth in 2Q

  • Consumer Debt Drives New ABS to Record High in 2Q

  • Primary MI Volume, Characteristics Stable in Second Quarter

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 1Q26 (PDF)

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  • Mortgage Profitability Report 1Q26 (PDF)

  • Top Mortgage Players: 1Q26 (PDF)

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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