VA’s Plan to Make VALERI a Fully Operational AUS Well Underway April 23, 2018 George Brooks One of the goals of the conversion project is to improve program performance…Read More
Jumbo MBS Underwriting Holds Steady, Banks Remain Top Contributors April 23, 2018 Brandon Ivey Some $4.23 billion of prime jumbo MBS was issued in the first quarter of 2018, the best showing since 1Q15…Read More
M&A Mania is Hitting the Mortgage Vendor Market April 23, 2018 Paul Muolo Earlier this month, Stone Point Capital bought due diligence advisor American Mortgage Consultants for an undisclosed sum…Read More
Angel Oak Targets Commercial Mortgages, Will Focus on $5M and Under… April 23, 2018 Paul Muolo In 2017, Angel Oak affiliates originated a company record $1.1 billion of non-qualified mortgages, a 40 percent improvement from the year prior.Read More
PennyMac Executive Chairman Stan Kurland Took Home $9.5M in 2017 April 23, 2018 Paul Muolo Last year, PennyMac, a publicly traded real estate investment trust, earned $102.5 million in 2017, a 35 percent improvement from the year before.Read More
What We’re Hearing: A Kinder, Gentler (and Smarter) Nonprime Industry? / Varde Raises $750 Million / Don’t Layer That Risk / When the Worm Turns… / At Ocwen, Former Government Officials Bring Home the Bacon / NSM Gets a New COO April 20, 2018 Paul Muolo The highest paid Ocwen director last year was Phyllis Caldwell, who took home $372,649. Caldwell is a former Treasury Department official. Read More
Wells Fargo to Pay Uncle Sam $1 Billion to Settle Rate-Lock and Auto Lending Violations April 20, 2018 Yemeng Yang The settlement is the first enforcement action by Acting Director Mick Mulvaney since he took over the bureau in late November.Read More
Verus Aims to be a Significant Player in Nonprime (Non-QM) April 20, 2018 Brandon Ivey Verus counts among its competitors Angel Oak, Caliber Home Loans, Citadel Servicing, Deephaven Mortgage and SG Capital Partners.Read More
A Lesson Learned from MB Financial: Go Big or Go Home? April 20, 2018 Paul Muolo Tim Anderson of DocMagic: “You either get bigger or head for the exits.”Read More
It May be a Trying Time for Mortgages, but ABS Issuance Roars Out of the Starting Gate in Early 2018 April 20, 2018 John Bancroft It was the best showing for ABS since the second quarter of 2008…Read More
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