Is Wall Street Running Out of (Nonbank) Mortgage IPO Candidates? January 15, 2021 Paul Muolo What about Movement Mortgage as an IPO candidate? Read More
FHFA and Treasury Eliminate Cap on GSE Retained Earnings. Now What? January 15, 2021 Dennis Hollier Rather than ending the net worth sweep outright and agreeing to write off some of its preferred shares, Treasury is essentially simply allowing Fannie Mae and Freddie Mac to continue their practice of retaining earnings.Read More
4Q Results Begin: Wells Slides in Mortgages, JPM Gains… January 15, 2021 Paul Muolo Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”Read More
JPMorgan Backs Figure with New $100 Million Credit January 14, 2021 Brandon Ivey The facility allows for originations of jumbo mortgages along with conforming loans.Read More
The Golden State’s Share of PMI Grew in 4Q20 January 13, 2021 John Bancroft The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.Read More
Time Running Out On GSE Loan Acquisition Forbearance Policy January 13, 2021 Dennis Hollier Even though there was no official announcement, that policy expired on December 31. Read More
On Thursday, All Eyes May Be On the FHFA. Higher GSE Capital Ceilings? January 13, 2021 Dennis Hollier However, details remain a closely guarded secret...Read More
Margin Compression Fears Accelerate, but Applications Rise… January 13, 2021 Paul Muolo Margin compression could come at an inopportune time for nonbanks seeking to go public...Read More
Lenders Have More Freedom Under New QM Standards January 13, 2021 Brandon Ivey Corina Gonzalez, a senior vice president at DBRS, believes it will take time for the new standards to prompt changes in the origination equation. Read More
loanDepot Files ‘Public’ S-1, No Offering Size Mentioned January 11, 2021 loanDepot’s biggest investor is Parthenon Capital Partners, a private equity firm...Read More
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