Mortgage Bellyaching Plunges to Record Low in 4Q19 January 22, 2020 Yemeng Yang For the full year of 2019, total mortgage complaints from end users were down 9.1%...Read More
Invictus Set to Issue its Largest Expanded-Credit MBS Ever January 22, 2020 Brandon Ivey The $699.2 million expanded-credit security tops a $681.0 million deal Invictus issued in October. Read More
Radian Sells Due Diligence Unit Clayton – At a Loss January 22, 2020 Paul Muolo Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.Read More
Nonbank Market Share Sets New High in Agency Business January 21, 2020 John Bancroft Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase. Read More
It’s Official: The QM Patch Won’t Expire as Scheduled January 21, 2020 Dennis Hollier Industry observers believe that could translate into a delay of six to 18 months.Read More
Megabanks Begin Reporting Mortgage Results. A $700B Quarter? January 16, 2020 Paul Muolo Last but not least: U.S. Bank, which funded $17.5 billion, a 10.8% improvement from the third quarter. Read More
Mortgage Insurers See Explosion in Refis, Purchase Business January 16, 2020 John Bancroft Private MIs insured $60.97 billion of refinance loans delivered to Fannie and Freddie in 2019, more than triple their total for the prior year. Read More
Angel Oak Stocks Expanded-Credit MBS with Fixed-Rate Mortgages January 16, 2020 Brandon Ivey Expanded-credit MBS with a small share of adjustable-rate mortgages are somewhat rare.Read More
Non-QM Lenders Anticipate a Production Boom for 2020 January 15, 2020 Paul Muolo First Guaranty Mortgage Corp., which is owned by PIMCO, has its eye on non-QM lending of $1.0 billion…Read More
Virginia Bank Acquires Wholesale Mortgage Lender January 15, 2020 Brandon Ivey In general, commercial banks have avoided wholesale mortgage lending like the plague. But not Blue Ridge.Read More