VA Servicing Continues to Grow at a Nice Clip April 25, 2018 John Bancroft Don’t look now, but Ginnie Mae MBS outstanding is approaching the $2 trillion mark…Read More
PHH’s CEOs Took Home (Combined) $5.26 Million in Compensation Last Year April 25, 2018 Paul Muolo Crowl’s base pay for 2017 totaled $554,808 while Messina’s came to $485,962.Read More
Chimera Packaging Mortgages Aggregated by BofA into a Prime Jumbo MBS April 25, 2018 Brandon Ivey Most of the loans are non-agency jumbos, but a handful are eligible for sale to Fannie Mae and Freddie Mac.Read More
VA-Based Nonbank Lender Reveals Data Breach April 25, 2018 Brandon Ivey WEI is based in McLean, VA and owned by Arc Home, which in turn is controlled by funds under the management of Angelo, Gordon.Read More
Sen. Crapo Says GSE Reform Still Possible in This Congress (You Heard That Right) April 25, 2018 Carisa Chappell The senator disagreed with comments made earlier in the day by HUD Deputy Secretary Pam Patenaude, who said there aren’t enough legislative days left...Read More
Short Takes: Another Milestone for Angel Oak / Going After Bayview? / Mortgage Layoffs at HomeStreet / Genworth Unveils Rate Card Reductions / A Promotion at PRMI April 25, 2018 Paul Muolo HomeStreet Bank, Seattle, revealed in its earnings statement this week that it chopped 86 full-time positions.Read More
Western Asset Management Preparing to Issue Non-QM MBS April 24, 2018 Brandon Ivey Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS…Read More
The FHA Share of Mortgage Complaints Filed with the CFPB: 13 Percent April 24, 2018 George Brooks According to the CFPB’s annual report on consumer disputes, the bureau received roughly 37,300 mortgage complaints in 2017...Read More
Originations Fall 19 Percent at Flagstar; Bank Keeps Selling MSRs April 24, 2018 Paul Muolo Flagstar sold $12 billion of mortgage servicing rights as well…Read More
A Trio of Prime Non-Agency MBS Deals Ready to Hit the Market April 24, 2018 Brandon Ivey Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken…Read More