Bank-Retained Mortgage Portfolios Keep Growing; Few Jumbos Going into MBS September 12, 2016 Brandon Ivey Meanwhile, while the jumbo securitization rate during the quarter was a paltry 0.8 percent…Read More
Garrett, McAuley Advised on Three Recent M&A Deals. As for the Names… September 12, 2016 Paul Muolo Meanwhile, many mortgage companies that specialize in production are posting strong profits…Read More
RHS Ready to Cut Upfront Funding and Servicing Fees September 12, 2016 George Brooks Another reason for the cut in fees: rural housing delinquencies and foreclosures are at record lows.Read More
Large Gain in Wholesale Originations at Nonprime Lender Angel Oak September 12, 2016 Brandon Ivey Angel Oak also has a much smaller division, Angel Oak Prime Bridge, that originates nonprime mortgages for investment properties.Read More
Feeling Quite Optimistic About Originations: 91 Percent Say 2H Will Be Better Than 1H September 12, 2016 Paul Muolo Thank you 'Brexit:' Some analysts now believe the industry will surpass 2015’s origination total of $1.735 trillion.Read More
Short Takes: GSE Plaintiff Perry Capital Does Some Serious Shrinking / Tony Renzi’s First Day at Ditech / Hacking Might be an Issue / A New Hire For Auction.com September 12, 2016 George Brooks and Paul Muolo It's hard out there for a hedge fund (suing the government regarding the GSEs)...Read More
Agency MBS Issuance Up Again in August – Six Straight Months of Increases September 9, 2016 John Bancroft Fannie, Freddie and Ginnie issued a combined $138.25 billion of single-family MBS in August, their strongest aggregate monthly output since July 2013.Read More
After the M&A Deal Closes, Keep the Loan Officers Happy September 9, 2016 Paul Muolo And one big no-no, the consulting firm points out, would entail the new owner making substantive changes to loan officer compensation plans…Read More
Candidate Clinton Supports QM ‘Safe Harbor’ for Portfolio Lending September 9, 2016 Thomas Ressler Candidate Clinton noted: “But when community banks and credit unions offer mortgages, they’re looking to invest in their neighborhoods and communities to help them grow and prosper…”Read More
United Wholesale Mortgage Joins the ‘Record Production Month Club’ September 9, 2016 Paul Muolo From July to August, UWM grew its production by roughly 40 percent, noted company CEO and President Mat Ishbia…Read More