An Early Look at 2Q17 Production: A Mixed Bag at the Mega Banks; Nonbanks like UWM are Bullish July 19, 2017 Paul Muolo “Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia.Read More
2Q17 Results: A 10 Percent Gain in Originations for U.S. Bancorp July 19, 2017 Paul Muolo The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...Read More
PIMCO: Non-Agency Changes Needed Before GSE Reform July 19, 2017 Brandon Ivey Over the past two years PIMCO has been a major buyer of nonprime/non-QM whole loans in the secondary market…Read More
Utah-Based Nonbank Buys Industry Vet’s First Mortgage of Oklahoma July 19, 2017 Paul Muolo A press statement on the sale included no production or servicing information for either company…Read More
Mortgage Applications Heat Up for the Week July 19, 2017 Sherry Muolo Applications are heading northward again...Read More
Short Takes: A Bulk MSR Deal from MountainView / Proposed HUD Lender Fee Is Cut From Spending Measure / Invictus Readies Nonprime MBS Deal / A Promotion at loanDepot July 19, 2017 Paul Muolo, George Brooks, and Brandon Ivey Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...Read More
Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth July 19, 2017 John Bancroft Outstanding MBS servicing at Fannie actually declined slightly in the second quarter… Read More
CFPB Issues Proposal to Address the TRID ‘Black Hole’ July 19, 2017 Thomas Ressler Currently, lenders are permitted, under certain limited circumstances, to use revised estimates…Read More
Fannie/Freddie Single-Family MBS Business Slumped in 2Q17; Bank and Thrift Business Weak July 18, 2017 John Bancroft Wells Fargo saw an 18.6 percent drop in its GSE business during the April-June cycle, but the three other megabanks had much bigger declines…Read More
Flagstar Bancorp to Issue its First Post-Crisis Jumbo MBS July 18, 2017 Brandon Ivey All of the mortgages Clayton reviewed for the MBS are safe harbor qualified mortgages.Read More
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