They’re Back: Marketing Services Agreements (Not That They Ever Totally Went Away) August 9, 2018 Yemeng Yang There’s been a resurgence of MSAs among other settlement service providers…Read More
Impac Reports Large Loss for 2Q18, Blames Cash Call. Is Keen to Grow Non-QM Production August 9, 2018 Paul Muolo A spokesman said Impac is now funding $100 million per month in nonprime loans and plans to grow the business further.Read More
Short Takes: In Non-QMs We Trust / A Land Rush Into Non-QM? / A Nonbank Buying a Bank, Not an Everyday Occurrence / Ultimate Goal: To Tap FHLB Advances? / Nick Smith Departs Blackstone TORO August 9, 2018 Paul Muolo Impac's Justin Moisio: “Everyone’s getting into this game.” Read More
Fannie/Freddie Regulator is Drawing More Attention in Waning Months of Watt’s Tenure August 9, 2018 Mel Watt isn’t likely to ride quietly off into the sunset as his term as director of the Federal Housing Finance Agency draws to a close at the end of this year.Read More
House Subcommittee Plans Hearing on ‘Waste, Fraud and Abuse’ Allegations at the FHFA. The GSEs? August 9, 2018 Carisa Chappell There was no mention of Freddie Mac’s CEO, Don Layton.Read More
Bulk Servicing Sales Continue at a Brisk Pace. A Record Year? August 9, 2018 Paul Muolo IMA and MountainView expect to trade more product this year than last…Read More
Mortgage Banking Income Fades at Banks August 8, 2018 John Bancroft Second-ranked JPMorgan Chase had a similarly disappointing quarter.Read More
CFPB Active Again in Enforcement Actions. 23 Cases Being Litigated August 8, 2018 Yemeng Yang A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”Read More
Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion August 8, 2018 Paul Muolo At the end of July, Citadel serviced $1.75 billion of non-QMs…Read More
Redwood Reports Lower Earnings, but a Rise in Loan Purchases August 8, 2018 Paul Muolo At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.Read More
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