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Jumbo Servicing Volumes on the Rise, Banks Dominate

February 28, 2018
Brandon Ivey
Wells Fargo serviced $287.5 billion of jumbo mortgages as of Dec. 31, ranking first overall…
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MBS Trading Volume Starts the New Year with a Bang. A New Benchmark MBS Emerges

February 28, 2018
Paul Muolo
In January, the government-sponsored enterprises and Ginnie placed their guarantees on $102.48 billion of new single-family MBS, a modest 6.9 percent decline from December.
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Ginnie Mae Isn’t Done with its Crackdown on Rapid Refis

February 28, 2018
George Brooks
The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank.
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Short Takes: FHA Official Rules Out MIP Cut / Essent Marketing First Risk-Sharing Deal / The HUD Secretary’s $31,000 Dining Room Table / PHH Calls it a Day on PLS Business / Finance of America Hires Radian Executive

February 28, 2018
Paul Muolo and Brandon Ivey
PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.
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Non-Agency MBS Issuance Backed by New Loans Expected to Double. But Big Investors Still Have Concerns

February 27, 2018
Brandon Ivey
Expanded-credit MBS issuance could top $12 billion this year…
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Warren Buffett’s Mortgage Company Agrees to Buy Silverton Mortgage

February 27, 2018
Paul Muolo
Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.
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Angel Oak Had Record Non-QM Production in 2017, Sees Market Increasing to $100 Billion-Plus

February 27, 2018
Paul Muolo
AO managing partner Steven Schwalb sees the non-QM market growing to over $100 billion in the coming years…
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AEI Advocates for Trump to Solve the GSE Conundrum, Wants Private Sector to Take Control of the Housing Market

February 27, 2018
Carisa Chappell
As might be expected, the American Enterprise Institute wants to eliminate Fannie Mae and Freddie Mac…
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Ginnie Mae Issuers Deny ‘Churning’ Allegations

February 27, 2018
George Brooks
Flagstar Bank and NewDay Financial said they have policies and procedures in place to prevent churning, or serial refinancing…
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Short Takes: AEI’s Wish-List: No More Cash-Out Refis for Fannie and Freddie / Number 29 for Ocwen / Altisource Worries about its Reliance on Ocwen / The Digital Revolution / Mortgage Network Unveils Jumbo Renovation Loan

February 27, 2018
Paul Muolo
Is the White House listening to the AEI on GSE reform?
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Latest Imf News

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Featured Data

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