Look Who’s Gaining in the Agency Market: Loan Brokers April 9, 2019 John Bancroft Retail-originated loans accounted for 47.0% of first-quarter agency business, the lowest share since loan-level MBS data became available in 2013…Read More
Short Takes: No Docs Making a Comeback / Overcapacity Still a Problem, Says KBW / It’s All About Controlling Costs / loanDepot’s Hsieh Welcomes Zillow as a Competitor / Chief of Staff Miller Resigns at Treasury April 8, 2019 Paul Muolo Keefe, Bruyette & Woods says overcapacity in the mortgage industry continues to be a problem... Read More
Non-QM Production Up 40% at Citadel April 8, 2019 Paul Muolo Citadel could break the $3.0 billion mark in non-QM servicing by the end of May…Read More
Mortgage Employment Continues to Lag. But Is a Turnaround in the Works? April 8, 2019 Paul Muolo As industry consultant Paul Hindman noted: “The dramatic swing in mortgage interest rates changed the game big time."Read More
High-Volume Sellers Gain Market Share with Fannie and Freddie April 8, 2019 John Bancroft Fourth-ranked UWM was among the few top sellers to increase its GSE loan sales in the first quarter…Read More
Senate Confirms Calabria as Next FHFA Director. His First Move? April 5, 2019 Paul Muolo and Dennis Hollier The vote was 52 to 44, along party lines... Read More
HomeStreet Strikes Deal to Sell MB Offices to NJ Nonbank April 5, 2019 Paul Muolo It looks as though the Seattle-based HomeStreet is slowing kissing the residential mortgage business goodbye...Read More
JPM Chief Estimates $1T in Lost Mortgage Volume, Hints the Bank Might Change its Mortgage Strategy April 5, 2019 Brandon Ivey Dimon added that Chase is “intensely reviewing” its role in originating, servicing and holding mortgages due to regulatory issues... Read More
California Moves Forward on Plans to Create a CFPB-Like Agency April 5, 2019 Yemeng Yang The California governor last week appointed a former CFPB enforcement attorney, Manuel Alvarez, as DBO commissioner. Read More
What We’re Hearing: A Mortgage Sea Change for JPMorgan Chase? / Dimon Beats Up on Nonbanks (Again) / Kumbaya on Loan Brokers? (Not Likely) / Calabria’s First Move? / IMA Selling Bulk MSR Portfolio / Layoffs at Ditech Financial April 5, 2019 Paul Muolo Who knows – maybe Dimon will once again embrace doing business with loan brokers...Read More
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