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Non-Agency Jumbo Originations Strong in 1Q13

June 4, 2013
Brandon Ivey
Wells Fargo was the top-ranked non-agency jumbo lender in the first quarter with $9.67 billion, nearly double the next closest lender.
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Cole Taylor Buys $600 Million of MSRs From Liberty, Will Build Platform

June 4, 2013
Brandon Ivey and Paul Muolo
Cole Taylor Mortgage is getting serious about the servicing business. It purchased a portfolio from Liberty Savings and plans to start its own in-house platform.
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Corker-Warner GSE Bill Seeks to Establish ‘Credit Risk-Sharing’ for Mortgages

June 4, 2013
Paul Muolo
There is at least one curiosity in the GSE draft bill: any individual who ever served as a director of the Federal Housing Finance Agency is prohibited from serving as a board member on the new Federal Mortgage Insurance Corp.
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Short Takes: Will Ellington Go on a Purchase Tear Under Abreu? / Jumbos Remain Hot / Stonegate Unveils New Jumbo Loan / Bank ABS Holdings Fall Slightly / Broker Employment Shows Signs of Life

June 4, 2013
John Bancroft and Paul Muolo
Ellington Management under new mortgage chief Steve Abreu may go on a purchase tear, rolling up companies.
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Texas Agrees to Allow HECM Purchase Mortgages

June 3, 2013
George Brooks
The measure would amend the state constitution to authorize reverse mortgages for purchase of a homestead property in Texas.
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Analysts: Rep. Watt’s Nomination to Head FHFA Four Votes Short of Confirmation

June 3, 2013
Charles Wisniowski
Despite the vocal support of progressives, especially advocates of principal reduction of GSE-held loans, Rep. Watt’s nomination to head FHFA is far from a sure thing.
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Nationstar Using Merrill for Unsecured Debt, May Buy More MSRs from BofA

June 3, 2013
Paul Muolo
It looks like a sweet deal for Nationstar: Merrill Lynch helps sell its unsecured debt and then off loads some of its legacy MSRs to the nonbank.
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MBA Seeks Same G-Fee for All Lenders, Regardless of Size

June 3, 2013
Brandon Ivey
Any successor to the GSEs that operates with a federal guarantee should charge the same guaranty fee price for all sellers, regardless of size, the trade group says.
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Short Takes: Ginnie Mae Servicing Continues to Rise / Bank Loan Officers in a Quandary / How Low Will Delinquencies Go? / White House Hopeful on Refi Plan / NTC Gets a Kiss of Approval From Kiss

June 3, 2013
George Brooks and Paul Muolo
We continue to hear reports that certain commercial banks are discouraging their residential loan officers to take the state test and get licensed.
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Funds Run by Former Lehman Manager Reveal Huge Holdings in GSE Preferred

June 3, 2013
Paul Muolo
Speculators have been gobbling up GSE junior preferred and common, hoping for a payout down the road tied to either the resumption of dividends or money that might come from a recovery fund.
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Latest Imf News

  • Home Equity Loan Originations Increase by 25% on Annual Basis

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Featured Data

  • Ginnie MBS Issuance Sees Seasonal Plunge in February

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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