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Mortgage Banking Profits Declined Slightly for Banks in 3Q17

November 3, 2017
John Bancroft
Meanwhile, the indicators point to a drop in production volume for the fourth quarter…
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Mortgage Brokers Poised to Gain Market Share?

November 3, 2017
Brandon Ivey
Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel.
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Fannie Mae Reports Strong Earnings for 3Q17, but $1B in Hurricane-Related Charges; Large Exposure to ‘Maria’

November 2, 2017
Paul Muolo and Carisa Chappell
Fannie Mae CEO Timothy Mayopoulos added: “Damage from the storms will be with us for a long time.”
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Minor Retreat for Top Tier Mortgage Servicers in 3Q17, Nonbanks Continue March Forward

November 2, 2017
John Bancroft
The only top-five servicer to report an increase in volume was Nationstar Mortgage...
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Fannie Mae Reports Strong Earnings for 3Q17; Hurricanes Hurt but RBS Settlement Helped

November 2, 2017
Paul Muolo and Carisa Chappell
Through the first nine months of the year, Fannie has posted impressive net earnings of $9.02 billion.
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Ocwen Takes $6.1 Million Loss in Third Quarter but Results Could Have Been Worse

November 2, 2017
Brandon Ivey
The loss would have been worse if not for a one-time tax benefit of $23.2 million…
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Nationstar Reports a $7 Million Profit for 3Q17. Smaller MSR Markdowns

November 2, 2017
Paul Muolo
Nationstar originated $4.25 billion of new home mortgages in 3Q17…
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Between Multiple Hurricanes and Wild Fires, a Market Develops for a New Breed of ‘Scratch & Dent’ Loans

November 2, 2017
Paul Muolo
According to bidders in the market, the early action focuses on loans that are “stuck” on warehouse lines.
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Short Takes: GSE Reform? What’s the Rush? / Calabria, an FHFA Director Candidate? / Capping the Mortgage Interest Deduction at $500,000 / TCF to Buy Nonbank Mortgage Firm

November 2, 2017
Paul Muolo, Brandon Ivey, and Carisa Chappell
Mark Calabria is not exactly a fan of the GSEs...
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Nationstar Mortgage May be in Play, But It’s Hard to Predict Who Possible Suitors Could Be

November 2, 2017
The possible sale of Nationstar Mortgage could have ramifications for a handful of other publicly traded nonbank mortgage firms, including Ocwen Financial, New Residential Investment Corp., and Walter Investment Management Corp. For now, Nationstar and its largest investor – Fortress Investment Corp. – are saying little about the matter, but it’s been widely reported the past week that SoftBank (soon to own Fortress) has hired investment bankers to explore a sale of ...
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