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Mortgage REITs Quietly Investigating Options in Non-QM, Nonprime and Consumer Loans

December 2, 2015
Paul Muolo
Ellington Financial, a REIT that carries an 11.20 percent dividend and yield, has admitted to buying non-QM loans in past filings with the SEC, but has not racked up huge volumes...
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Looks Like a $13 Billion Year for United Wholesale Mortgage

December 2, 2015
Paul Muolo
UWM may soon surpass Stearns Lending to become the largest wholesale-broker lender in the nation...
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Groups Believe ‘Jumpstart GSE Reform Act’ Would Hinder Fannie/Freddie Reform

December 2, 2015
Carisa Chappell
G-fees were tapped in a recent highway transportation bill, but eventually the language was stripped from the measure…
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Mortgage Applications Down Slightly, but No Need to Panic

December 2, 2015
Sherry Muolo
ARM activity continues to be low at just 6.1 percent of new applications.
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Short Takes: Certain Branches Ready to Bolt Blackstone? / No Market Too Small / Beach Point Nonprime MBS Still on Track / CFPB Issues HMDA Compliance Guide / loanDepot Securitizes Personal Loans

December 2, 2015
Paul Muolo and Thomas Ressler
So, whatever happened to Beach Point Capital’s $70 million subprime MBS? Sources contend the deal is very close with strong investor interest...
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Bank ABS Holdings Continued to Shrink in 3Q15

December 1, 2015
John Bancroft
In percentage terms, the sharpest downturn was in home-equity ABS, although this sector represented just 1.6 percent of bank ABS investment and there has been no new production in years.
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CFPB Doubles $$$ Collected from Penalties but Seems Slow in Redistributing It

December 1, 2015
Thomas Ressler
At the CFPB, penalty money comes in, but doesn't necessarily go out very quickly...
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Nationstar Reveals Ouster of Xome CEO; Analyst Trims Price Target, Stock Falls…

December 1, 2015
Paul Muolo
As part of his departure package, Raman will receive $600,000 in cash severance payments, payable over 52 weeks, but is walking away from unvested stock appreciation rights.
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Loan Mod Activity Slowing, Servicers Focusing on Areas with High Unemployment, Affordability Issues

December 1, 2015
Brandon Ivey
Hope Now said 75,969 foreclosure sales were completed in the third quarter of 2015, a 15.0 percent sequential decline and down 30.8 percent compared to 3Q14
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SFR Manager HomeUnion Enters the Brokering Game; GSE Loans on the Menu

December 1, 2015
Sherry Muolo
HomeUnion Lending is licensed to operate in Alabama, Florida, Indiana, Iowa, and Oklahoma, but plans on expanding its reach to 16 more states by the end of March 2016.
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