New Residential Agrees to Buy Ranieri’s Shellpoint Platform for $190 Million November 29, 2017 Paul Muolo According to figures compiled by Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with $343.0 billion of contracts at Sept. 30. New Penn ranks 46th among lenders.Read More
With Mulvaney Confirmed as CFPB Acting Director, What Happens to English? November 29, 2017 Thomas Ressler There are reports that Leandra English’s effort to unseat Mulvaney has been financed by an anonymous group of donors...Read More
Latest Nonprime MBS from Angel Oak Met with Strong Demand from Investors November 29, 2017 Brandon Ivey The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…Read More
With Kittle Backing Away from Top Ginnie Job, Michael Bright May be Trump’s Pick November 29, 2017 Paul Muolo “Basically, David [Kittle] came to the conclusion that it just wasn’t worth the wait,” said one industry lobbyist...Read More
Banks and Residential MBS – the Love Affair Continued in 3Q17 November 29, 2017 John Bancroft Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…Read More
Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job November 29, 2017 Paul Muolo and George Brooks Come Jan. 1, rates may spike thanks to zero GSE capital...Read More
Jumbo Originations Increased in 3Q17 but Sector Lost Some Market Share November 28, 2017 Brandon Ivey While banks continue to compete for jumbo loans, some have actually tightened underwriting standards…Read More
Mortgage M&A Activity Increases, but Major Deals are Elusive November 28, 2017 Paul Muolo Last year, Mortgage Banking Solutions brokered five deals. This year, the firm hopes to complete four and maybe five…Read More
Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650 November 28, 2017 Brandon Ivey In high-cost areas, the GSE loan limit will increase to $679,650...Read More
MBA Sounds Warning on GOP Tax Plan, Says MSR Values Will Get Hammered. ‘Financial Soundness’ Impacted As Well November 28, 2017 Paul Muolo Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...Read More
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