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Phoenix Selling Flow MSR Package that Could Yield $4.8 Billion

August 19, 2016
Paul Muolo
Meanwhile, MountainView Servicing Group is selling a $1.9 billion Fannie Mae/Freddie Mac bulk MSR portfolio…
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What We’re Hearing: LO Jobs in Danger From Hal? / How Many Mortgage Loan Officers Are There? / The Human Touch / American Home’s Michael Strauss is Back with Nonprime Lender / 'Alt A' Lending May Return

August 19, 2016
Paul Muolo
Of course, it’s debatable how many LO jobs might disappear through automation...
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All Production Cylinders Firing in 2Q16 but Conventional Lending Increased the Most

August 18, 2016
John Bancroft
Some 61.0 percent of loans securitized by Ginnie Mae in the first half of 2016 were purchase mortgages, compared to 46.2 percent for Fannie Mae and Freddie Mac…
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It’s Not Going to Happen Anytime Soon: A Cut in FHA Premiums

August 18, 2016
George Brooks
The private MI share of new primary insurance rose 6.0 percentage points to 37.8 percent during the second quarter, while the FHA share fell 5.4 percentage points to 34.4 percent…
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‘Fix & Flip’ Lender Raises $10 Million, Has its Eye on $100 Million

August 18, 2016
Paul Muolo
Most of its production is tied to homes in the Golden State but CALCAP hopes to go national one day.
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Fannie Mae in Largest Manufactured Housing Deal Ever: $1 Billion

August 18, 2016
Carisa Chappell
Since 2000 Fannie Mae has provided more than $9.5 billion in liquidity to the manufactured housing sector.
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Angel Oak’s Second Nonprime MBS Deal is Still a Go…

August 18, 2016
Paul Muolo
Angel Oak’s first nonprime MBS came to market in December of last year and was backed by collateral with an average interest rate of 7.51 percent.
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Short Takes: Freedom, Now the Big Kahuna of FHA & VA / Quite an FHA Decline for BofA / Job Cuts at Ditech / Bad Timing / A New Subprime MBS?

August 18, 2016
John Bancroft and Paul Muolo
Will the last megabank left in the FHA market please turn off the light...
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Caliber Only Major Subprime Servicer to Show Growth in 2Q16

August 17, 2016
Brandon Ivey
However, Ocwen is still prohibited from buying bulk servicing rights until it receives regulatory approval from certain states…
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Top Wholesale Lender Happy to See PennyMac and Others Enter the Channel

August 17, 2016
Brandon Ivey
UWM’s Mat Ishbia said competition among wholesale table-funders is a good thing…
Read More
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Latest Imf News

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