Redwood Set to Issue its – and the Market’s – Second Jumbo MBS of the Year January 30, 2017 Brandon Ivey For all of 2016, Redwood came to market with just three jumbo MBS deals.Read More
Hope Dims for a Reversal in HUD’s Decision to Kill the MIP Reduction January 30, 2017 Paul Muolo This source continued: “If only Castro had put the MIP cut through right after the actuarial report came out, we probably wouldn’t be talking about this right now.”Read More
Citigroup Kisses MSR Business Goodbye; A Rising Force Named ‘New Rez’ January 30, 2017 Paul Muolo The last company to go on an MSR acquisition binge this fierce was Ocwen Financial…Read More
Fewer Originators Satisfied with their LOS Systems January 30, 2017 George Brooks On the extreme end, 30 percent expressed dissatisfaction with their current LOS but did not say whether they were ready to toss it overboard…Read More
Short Takes: Okay, Which Bank Will Exit the MSR Market Next? / The Trump Factor / The Fortress-New Rez Connection / Behind the Scenes at Nationstar / Arch Announces MI Manual Update January 30, 2017 Paul Muolo Fortress also owns roughly 70 percent of Nationstar Mortgage, a stake it has held for quite some time.Read More
Citigroup Announces Plan to Exit Residential Servicing Business; Will Take a $400 Million Charge January 30, 2017 Paul Muolo New Residential, a publicly traded REIT, will obtain the rights to roughly 780,000 loans ($97 billion) guaranteed by Fannie Mae and Freddie Mac...Read More
Bulk MSR Transfers up Sharply in Late 2016; Co-Issuance Sector Cooled January 30, 2017 John Bancroft Bulk transfers of Freddie Mac MSRs also increased dramatically in 4Q16, more than doubling to $17.52 billion…Read More
CMBS Issuance Fell in 2016, but Fannie and Freddie Were Rock Stars January 27, 2017 John Bancroft Fun fact: Fannie, Freddie and Ginnie accounted for 95.6 percent of multifamily mortgages securitized in 2016…Read More
Willie Newman’s Home Point Financial Agrees to Buy #41 Ranked Stonegate January 27, 2017 Paul Muolo In the past, Home Point has been a selective buyer of servicing rights and other companies...Read More
Realty Firm Redfin Enters the Mortgage Space with a ‘Digital’ Product January 27, 2017 Brandon Ivey The mortgage division will employ loan advisors, providing them with incentives that reward service, not just sales... Read More
RSS