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Non-QM Lender Angel Oak Ventures into Small-Balance Commercial Market

May 10, 2018
Paul Muolo
Angel Oak's small-balance commercial unit employs 19 full-timers and hopes to add an additional 30...
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Short Takes: Impac Employees Looking Around? / Ex-CFPB Chief Cordray Wins in Ohio, but… / Will Warren Pick Cordray to Head the CFPB (Again)? / AIG Unit Readies Jumbo MBS / PennyMac Restarts Jumbo Unit

May 10, 2018
Paul Muolo and Brandon Ivey
Cordray was never popular in the mortgage industry because of all the regulations he heaped on lenders and servicers...
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Private MIs Lost Market Share in Early 2018 but Insurance in Force Topped $1 Trillion

May 10, 2018
John Bancroft
Arch maintained its large market share lead in insurance-in-force, while Radian ranked first in terms of new insurance written…
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Impac Posts a $3.9 Million Profit for 1Q18, Aided by MSR Markup. Originations Drop 20.1 Percent

May 10, 2018
Brandon Ivey
New CEO George Mangiaracina said the nonbank’s servicing portfolio is serving as a counter-cyclical balance to declining originations…
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CFPB Chooses Not to Appeal PHH RESPA Ruling. A Shift from ‘Regulation by Enforcement’

May 10, 2018
Yemeng Yang
Former CFPB Director Richard Cordray challenged PHH’s captive reinsurance program, ruling that any referral of settlement business that involves payments is prohibited under RESPA…
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Capital One Selling $17.0 Billion Loan Portfolio to Subsidiary of Credit Suisse, Which Will Sell to PIMCO

May 9, 2018
Brandon Ivey
As of the end of March, Capital One handled a $25.78 billion servicing portfolio, making the firm the 49th largest servicer, according to Inside Mortgage Finance.
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Another Quarter and More Red Ink for PHH Corp.

May 8, 2018
Paul Muolo
PHH CEO Robert Crowl: "Our team is fully committed to executing our business plans and meeting the closing requirements for our merger with Ocwen."
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Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count

May 8, 2018
Paul Muolo and Brandon Ivey
It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...
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Retail, Mortgage Brokers Dominate in Expanded-Credit Lending

May 8, 2018
Brandon Ivey
MBS from Angel Oak Companies had the highest share of broker originations…
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Ginnie Mae Reinstates Nations Lending Following Talks on Loan Churning

May 8, 2018
George Brooks
Nations Lending was reinstated by Ginnie Mae after reaching a confidential agreement…
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Latest Imf News

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Featured Data

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