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Incenter Selling Fannie/Freddie Flow Servicing Rights

April 27, 2017
Paul Muolo
The range on the flow or co-issuance arrangement is $35 million to $50 million per month.
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Mortgage Execs at Public Firms Got Big Paychecks In 2016 That Didn’t Always Match a Lender’s Results

April 27, 2017
In general, 2016 was a banner year for loan production with some publicly traded nonbanks turning in their best results ever – and thus rewarding their top executives handsomely. According to an analysis of available proxy statements by Inside Mortgage Finance, Penny Mac Financial Servicers founder and Executive Chairman Stanford Kurland was the industry’s top earner at $9.12 million in 2016. His firm – the nation’s number-four ranked originator – had a good year: net income of $336 million, a 26.0 percent improvement from the year before. Back in 2015, Kurland took...[Includes one data table]
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Short Takes: Arch Winds up with a Larger Market Share than Anticipated / Silver Point Sells Some of its Stake in PHH / No. 13 / Trading Desks Take on Nonprime / New Hires for LenderLive

April 27, 2017
Paul Muolo
PHH Corp. releases its first quarter results the second week of May.
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The Early Read: Bank Mortgage Lending Down in 1Q17, Nonbanks Fare Better?

April 26, 2017
Paul Muolo
It’s still early in the reporting season, but when it comes to home lending, nonbank executives seem more optimistic than their depository peers…
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When it Comes to MI Volume, California Continues to Lead the Nation

April 26, 2017
John Bancroft
Roughly $12.50 billion of agency mortgages securitized during the first quarter with some form of primary MI were tied to Golden State properties.
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Ocwen Elevates its Legal Battle Against the Regulatory Establishment, Asks Court to Decide if the CFPB is Unconstitutional

April 26, 2017
Thomas Ressler
Ocwen’s counsel includes Goodwin Procter LLP, which also is representing PHH Corp. in its legal battle against the agency…
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Thanks to UGC Purchase, Arch MI Boosts Gross MI Premiums by 214 Percent

April 26, 2017
Paul Muolo
Arch reported primary mortgage insurance in force of $237.8 billion at March 31…
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Meanwhile, in the PHH Case, DOJ Gets 10 Minutes

April 26, 2017
Thomas Ressler
The DOJ, as anticipated, switched sides in this dispute after President Trump took office.
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Short Takes: More GSE Reform Plans / Fannie-Freddie Speculators May Make Out After All / Ocwen Gets a Break / Hey Ben, Call Your Friends in the White House and Tell Them … / This HUD Job About to be Filled?

April 26, 2017
Paul Muolo
Is the White House pondering HUD-related nominations?
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ICBA Calls for Delay of Single Security Until GSEs are Recapitalized and Released from Conservatorship

April 25, 2017
Brandon Ivey
The ICBA believes the GSE risk-sharing securities are illiquid and would likely “dry up” in times of market stress.
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