Short Takes: Feeling Safe from FGMC / IPOs? No / loanDepot Insiders Keep Selling / A Large MSR Offering From MIAC / An MBS With Sprout Loans / A Day Off July 1, 2022 Paul Muolo The deluge in MSR auctions continues apace...Read More
One MIP Reduction That Gets a Thumbs Up: Green June 30, 2022 Monica Hogan There's been rampant speculation FHA will cut single-family MI premiums soon, possibly right before the mid-term election...Read More
FGMC Finally Addresses Layoffs, Says It’s Still Funding Loans June 29, 2022 Paul Muolo PIMCO bought into First Guaranty almost seven years ago...Read More
Chamber of Commerce Fires a Missive at the CFPB, Criticizes Director June 29, 2022 Sam Manas To combat the CFPB, the Chamber is rolling out a six-figure campaign of digital ads and filing FOIA requests tied to certain issues.Read More
Congressional Panel Blames SFRs for Feeding Affordability Crisis June 29, 2022 Monica Hogan One panelist said “large investors have only spent about one-quarter of the $89 billion they have raised" to invest in SFRs...Read More
On a Tear in 1Q22: HECM Production June 28, 2022 Monica Hogan The top three reverse lenders in 1Q22: American Advisors Group, Mutual of Omaha Mortgage and Reverse Mortgage Funding...Read More
Deephaven Readies a New Nonprime MBS…With Seasoned Collateral June 28, 2022 Paul Muolo The servicer of record is Shellpoint...Read More
A Good Year for Short-Term Mortgages as Volume Spikes June 27, 2022 Kiavi, formerly known as LendingHome, remained the top short-term lender, with $2.73 billion. Goldman Sachs ranked third...Read More
Major Cutbacks at PIMCO-Owned FGMC June 27, 2022 Paul Muolo Up until recently, PIMCO was an active buyer of non-QM loans...Read More
Ginnie Chief Worries About the Health of Home Lenders June 27, 2022 Monica Hogan McCargo's biggest worry: the state of the mortgage lending ecosystem...Read More
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