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Short Takes: A Host of Approvals Needed on PHH Deal / A $10 Million Termination Fee / Sell and Subservice / And the Ginnies Go To… / New Hire for Gateway Mortgage

December 29, 2016
Paul Muolo
New Residential is entitled to a $10 million termination fee if the sale falls apart...
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When it Comes to Jumbo Lending, Retail Channel Dominates, By Far

December 29, 2016
John Bancroft
Wells Fargo, for example, reported that 90.7 percent of its third-quarter jumbo originations came through the retail channel…
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Mortgage Insurance Stocks Have Been on a Tear of Late. Can it Last?

December 29, 2016
Paul Muolo
Rising interest rates are good for MI stocks because it translates into greater “persistency…”
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Both Sides of Mortgage Banking Posted Significant Profit Gains in 3Q16

December 28, 2016
John Bancroft
JPMorgan Chase was the only firm that saw a decline in production-related revenue during the third quarter…
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FHFA IG Notes Lack of Transparency in CSP Costs

December 28, 2016
Carisa Chappell
Instead, the FHFA only disclosed specific CSP cost data once – in a September 2015 status report…
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Mortgage Investor’s Lawsuit Against JPM Regarding National Servicing Settlement and HAMP Dismissed

December 28, 2016
Brandon Ivey
The claims relating to the servicing settlement were dismissed with prejudice, which means Schneider cannot bring them again.
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2019: A $3 Trillion Year for Originations?

December 28, 2016
Paul Muolo
This year, fundings could reach upwards of $2.00 trillion based on activity through the first nine months of the year.
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Short Takes: Okay, Maybe Trump Can Fire Cordray / Relying on the DOJ’s Office of Legal Counsel / It all Started with PHH / New Turf for WVA Brokerage Firm / Distressed Mortgage Deal

December 28, 2016
Brandon Ivey and Paul Muolo
The Mortgage Center, a West Virginia-based loan brokerage firm managed by Marc Savitt, plans to open new offices in Florida and New Mexico early next year…
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Is it the End of an Era for GSE Loan Buybacks?

December 27, 2016
John Bancroft
Excluding legacy-related buybacks, total GSE seller repurchases would have been down 9.9 percent…
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DB and Credit Suisse Settle Legacy MBS Cases with DOJ; Barclays Faces New Lawsuit

December 27, 2016
Brandon Ivey
Subprime MBS cases continue to haunt Wall Street…
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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