Ginnie Mae Approved Only 8 New Issuers in 2018 February 13, 2019 George Brooks Nonbanks comprise 61% of approved servicers of Ginnie’s $2.04 trillion portfolio…Read More
Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson February 13, 2019 Paul Muolo and Brandon Ivey After two-plus years of waiting, the Genworth deal has yet to close... Read More
The 4Q18 Tally: Banks Report Sharp Drop in Mortgage Banking Income February 12, 2019 John Bancroft Much of the mortgage earnings damage took place at the top…Read More
PE Firm to Take Ellie Mae Private in a Deal Valued at $3.7 Billion February 12, 2019 Paul Muolo Under the terms of the agreement, Ellie Mae shareholders will receive $99.00 in cash per share. Read More
Galton Increases IO Mortgage Share in Latest Expanded-Credit MBS February 12, 2019 Brandon Ivey Loans from 51 lenders are represented in the new transaction, led by JMAC Lending…Read More
Congress Zeroes In on Credit Bureaus in Legislative Effort February 12, 2019 Yemeng Yang Since the public reveal of the Equifax data breach in 2017, complaints regarding credit reports have outstripped consumer gripes…Read More
Short Takes: GSE Junior Preferred Shareholders Could Get Paid / Wedbush Tells Investors to Take the Cash / New Rez Sees a Buying Opportunity in MSRs / CFPB to America: Save Some of That Tax Return! February 12, 2019 Paul Muolo Bove sees some type of compensation going to the preferred shareholders of Fannie and Freddie...Read More
It’s Official: Ditech Readies Second Trip Into Bankruptcy, Seeks to Eliminate $800M of Debt February 11, 2019 Paul Muolo Ditech revealed that "any and all bids" for the company or its assets will be evaluated...Read More
PennyMac Bucks the Trend, Increases Originations in 4Q18 February 11, 2019 Paul Muolo Most of PennyMac's production entails correspondent acquisitions from primary market originators, a strategy that typically carries lower profit margins...Read More
Short Takes: Exiting a GSE Investment / The Fed Likely Will Greenlight the BB&T-SunTrust Merger / No. 9 / Please, Just Don’t Pick a Name Like Mr. Cooper / How Much Lower Can Ditech Go? / CoesterVMS? February 11, 2019 Paul Muolo The big unknown about the merger: Once completed, what name will the new bank and mortgage company take? Read More
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