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First Republic Reduces Non-Agency Loan Sales in Second Quarter

July 18, 2013
Brandon Ivey
Jumbo originations increased at First Republic Bank, but its mortgage gain-on-sale margin took a hit.
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Rising Rates Having Mixed Effect on Home Purchases

July 18, 2013
Brandon Ivey
The non-cash share of home-purchase financing increased to 71 percent in June from 67 percent in February, based on the three-month moving average.
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Flagstar Job Loss Could Top 300, Large MSR Sale in the Works

July 18, 2013
Paul Muolo
Flagstar hopes to unload $30 billion in residential servicing rights, but is contemplating selling even more in the way of MSRs.
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Cole Taylor Mortgage in Detailed Sale Talks With PE Firms

July 18, 2013
Paul Muolo
Three years ago Cole Taylor Bank had no presence in the mortgage market until Willie Newman joined the bank and started a residential division.
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Short Takes: J.D. Power Gives Nationstar and Ocwen Poor Servicing Grades / Watt Approved by Senate Banking Committee / Zandi Slams Hensarling Bill / GAO Will Investigate CFPB’s Data Collection Efforts / Bad Debt Up in Value

July 18, 2013
Brandon Ivey, Paul Muolo, Thomas Ressler, and Charles Wisniowski
Nationstar and Ocwen get poor servicing grades from J.D. Power & Associates. Meanwhile, Rep. Mel Watt headed to FHFA? Not so fast...
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Ginnie Approvals Already Surpass Last Year’s Total, But Nonbanks a Problem

July 17, 2013
Paul Muolo
Banks have a strong track record on obtaining Ginnie Mae approvals, nonbanks not so much.
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Ginnie Mae MBS Issuance Up in First Half of 2013

July 17, 2013
George Brooks
Wells Fargo, the nation's large home funder, accounted for almost 31 percent of total Ginnie Mae issuance during the first half of 2013.
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BofA Continues to Lose Money on Mortgage Unit, Refis Sky High at 83 Percent

July 17, 2013
Paul Muolo
Bank of America's mortgage business continued to recover in the second quarter, but its rep and warranties exposure remained high at $16.64 billion.
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Corker-Warner Pitch Their GSE Reform Effort Over Hensarling’s ‘Ideologically Pure’ Bill

July 17, 2013
Charles Wisniowski
Sens. Bob Corker, R-TN, and Mark Warner, D-VA, say their mortgage reform measure strikes the right chord between Democrat and Republican concerns.
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Refis at Lowest Point in More Than Two Years

July 17, 2013
Paul Muolo
Is the great refi wave just about over?
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