Lenders Fear Expanded HMDA Reporting Could Lead to More Scrutiny April 9, 2019 Yemeng Yang More data = more scrutiny?Read More
Lower Rates ‘Manna From Heaven’ for Lenders April 9, 2019 Paul Muolo Mat Ishbia, CEO of UWM, noted: “We finished the first quarter with [loan production] of about $17.56 billion, more than double what we did in 1Q1 2018…”Read More
JPMorgan Chase Packing Prime Loans into its First Non-QM MBS April 9, 2019 Brandon Ivey All of the mortgages were originated by Chase, predominantly through the correspondent channel...Read More
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
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