Private MIs Gained Ground in 3Q17, but VA Shined the Most November 9, 2017 John Bancroft Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…Read More
Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale November 9, 2017 Paul Muolo Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…Read More
Short Takes: $250K a Year in Severance for Impac President / Capital One will Remain in Multifamily / Goldman Wins Fannie Mae Bid / Quicken Gets Some Company at the Top / A New Hire for AmeriFirst November 9, 2017 Paul Muolo and Thomas Ressler Although Capital One is exiting single-family lending, the bank will continue to provide “specialized" multifamily financing...Read More
SFIG Details Key Performance Indicators for Deal Agents on Non-Agency MBS November 9, 2017 Brandon Ivey While the concept was introduced more than a year ago, the specific duties for a deal agent remained a work in progress…Read More
Capital One Will Exit Mortgage Business but will Keep MSR Portfolio November 8, 2017 Paul Muolo Back in February, Capital One’s Senior Director of Home Loans Eric Declercq left the company for a position at loanDepot.Read More
New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches November 8, 2017 Thomas Ressler Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…Read More
Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope November 8, 2017 Paul Muolo Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…Read More
Treasury’s GSE Plan Still a ‘Work in Progress.' No Balance Sheet Allowed? November 8, 2017 Paul Muolo A guarantee fund would be developed to cover losses.Read More
Ellington Readies First Non-Agency MBS. Loans Supplied by LendSure Mortgage November 8, 2017 Brandon Ivey LendSure has financial backing from Ellington, among other investors…Read More
Short Takes: Angel Oak Rolls Out New Non-QM Product / A Banner Month for Citadel / Radian Says Don’t Worry About Clayton / Tax Overhaul and the MID? Relax / A New Hire for Stearns Lending November 8, 2017 Paul Muolo A handful of mortgage executives have suggested to us that trade groups are overreacting to the GOP’s tax overhaul plan and the way it treats the mortgage interest deduction... Read More
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