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IMA Offers GSE Bulk Portfolio and MSR Flow Component

September 8, 2016
Paul Muolo
The largest chunk of collateral is located in Florida at 29.6 percent. Maryland is a distant second at 15.3 percent.
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JPMorgan Chase Official Jumps Ship for the Ailing Walter/Ditech

September 8, 2016
Paul Muolo
In the fourth quarter of last year, Walter/Ditech made a decision to exit the consumer retail channel, selling branches where possible and laying off staff.
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Warehouse Commitments Inched Up in 2Q16 But Major Gains Were Had in Lines Drawn

September 8, 2016
Mortgage warehouse providers ended the second quarter with $55.0 billion of commitments on their books, a 10.0 percent sequential improvement in a red-hot origination market, according to survey figures compiled by Inside Mortgage Finance. Compared to the same period a year earlier, commitment volumes were up 12.2 percent. But the real story was in lines drawn and “average outstandings,” which rose substantially. At Southwest Bank, for example, its commitment level increased...[Includes one data table]
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Short Takes: Time to Bottom Fish in MSRs? / PennyMac and BofA Increase Deal Ceiling / Trade Groups Complain to the CFPB / More Ocwen Legal Headaches

September 8, 2016
Paul Muolo and Thomas Ressler
More legal headaches for Ocwen? Looks that way...
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CFPB Examinations of Nonbank Mortgage Lenders Spike 220 Percent

September 7, 2016
Thomas Ressler
For depositories, the data generally show more overall scrutiny from the CFPB as well…
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Lone Star to Issue Largest Post-Crisis MBS Backed by Nonprime. Caliber the Lead Originator

September 7, 2016
Brandon Ivey
Almost 53 percent of the loans in the bond are non-qualified mortgages and many of the rest are higher-priced QMs…
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Quicken Sets New Monthly Origination Record, but…

September 7, 2016
Paul Muolo
JPM, though, relies heavily on correspondent loan purchases to gather loans while Quicken bills itself as a direct-to-consumer/retail lender.
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Short Takes: A New Production Milestone for Citadel / Other Nonprime Funders / FBR Feels Quite Bullish About 2016 / A Focus on Mortgage-Centric Depositories / And the NPL Winners Are…

September 7, 2016
Paul Muolo
FBR & Co. raised its estimate on residential loan production for 2016: $1.90 trillion for 2016...
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Title Agents Respond to TRID Tweaks – and the Comments Aren’t Pretty

September 6, 2016
Thomas Ressler
One agent noted: “Consumers around the country continue to receive inaccurate information at the closing table about their title insurance costs...”
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‘Value’ Hedge Fund Kingstown Cuts Stake in Ocwen Financial

September 6, 2016
Paul Muolo
Kingstown is known as a value-oriented hedge fund, with roughly $1.5 billion of assets under management.
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Latest Imf News

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