The COVID Quarter: 2Q Originations Up at Wells, Down at JPM July 14, 2020 Paul Muolo Wells posted a 204 basis point held-for-sale production margin, up an impressive 96 bps from 1Q20... Read More
Annaly Preps Expanded-Credit MBS with Slightly Seasoned Loans July 14, 2020 Brandon Ivey Nearly 8% of mortgages in the MBS are in forbearance, though all of the borrowers are current on their payments. Read More
A Noticeable Drop in Ginnie Forbearance but ‘Buyouts’ Affect the Equation July 13, 2020 Paul Muolo The Fannie Mae/Freddie Mac measurement came in at 6.07%, down 11 bps, the fifth consecutive decline.Read More
Velocity Financial Looks to Resume Lending After Selling Loans July 13, 2020 Brandon Ivey Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations. Read More
BlackRock Reduces Position in Troubled Ocwen July 12, 2020 Paul Muolo In a public filing this spring, Ocwen listed among its risks: “our ability to maintain positive relationships with our large shareholders…”Read More
Short Takes: SCOTUS and the Conservatorship / FHFA Extends Origination Flexibilities / Freddie Expands Board July 10, 2020 Dennis Hollier
Quicken: Buy Our Stock; We Sell to the GSEs July 10, 2020 Brandon Ivey The nation's largest home lender touts the quick sale of mortgages to Fannie and Freddie as a selling point for its IPO.Read More
Wells Snags Flagstar President to Head Home Lending July 10, 2020 Paul Muolo Rising star tapped to head nation's second largest home lender.Read More
Short Takes: A Good Week for Remote Online Notarization / MISMO Certifies First Two RON Products / FICO’s Resilience Index / CFPB’s New No. 2 July 9, 2020 Yemeng Yang Remote online notary services have gained momentum during the coronavirus pandemic. This week, DocuSign announced it has acquired Liveoak Technologies...Read More
Pandemic Prompted Seniors to Consider HECMs July 9, 2020 Maria Volkova The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage Read More
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