Securitization Rate Heads North in 3Q19 December 13, 2019 John Bancroft The boost in securitization came despite headwinds from market dynamics… Read More
Florida Bank Buys Controlling Stake in GA Mortgage Lender December 12, 2019 Paul Muolo Under the terms of the deal, BrandMortgage CEO Greg Shumate will become an officer of the bank…Read More
Calabria Takes Credit for De-risking the GSEs December 12, 2019 Dennis Hollier To back up his claims, the FHFA chief cited statistics on loan acquisitions by Fannie and Freddie over the past eight months.Read More
In 3Q19, Home-Equity Lending Took a Back Seat December 12, 2019 John Bancroft Credit unions, however, continued to grow their holdings of home-equity loans, up 1.9% to $92.5 billion as of the end of the third quarter. New HEL originations edged up 0.7% from the previous period to $9.7 billion. Read More
PennyMac Ready to Make Another Trip to the Stock ‘Well’ December 11, 2019 Paul Muolo When it comes to selling additional shares, PennyMac Mortgage Investment Trust is not shy… Read More
Former Freddie CEO Layton on the UMBS: Mission Accomplished December 11, 2019 Dennis Hollier In 3Q19 – the first full quarter under the new UMBS regime – the Freddie discount fell to just 1 basis point… Read More
Subprime Servicing Rights: The Runoff Continues December 11, 2019 Brandon Ivey The top three subprime servicers are: Ocwen Financial, Bank of America and Chase. Most of it entails legacy product…Read More
Ginnie Mae MBS Production Stumbles in November December 11, 2019 John Bancroft Both the FHA and VA sectors saw declining securitization volume, but the VA took the bigger hit, a 12.1% drop from October. Read More
With Growth in Mind, Directors Hires Former LoanStar CEO Mike Baldwin December 10, 2019 Paul Muolo Directors Mortgage hopes to open new offices in Colorado and New Mexico by the second quarter of 2020. Read More
Retail Channel Gains Market Share (Again) in Jumbo Lending December 10, 2019 Brandon Ivey Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail. Read More