Short Takes: Waiting on Jones (at the FHFA)? / A Deep Resume on All Things Housing / Calabria’s Upcoming Speech / More on GSE R&R? / Carrington Preps Nonagency MBS / Freddie Offers a Swap May 9, 2019 Paul Muolo Mark Calabria's deep bench is about to get deeper...Read More
The Ginnie ‘Liquidity Letter’ Meetings are Over. Now What? May 9, 2019 Paul Muolo The 14 Ginnie Mae nonbank issuers were never identified by the agency but everyone in the industry knows who they are...Read More
‘Mega’ Nonbanks Saw Their Mortgage Profits Suffer Last Year May 9, 2019 Brandon Ivey The Moody's report mentions Stearns' "deteriorating financial performance" as well...Read More
FHA/VA MI Market Share Increases to 54.5% May 9, 2019 John Bancroft In the first quarter MI rankings, it was a close race between Essent, Radian and MGIC...Read More
Redwood Boosts Income in 1Q19, Jumbo Volume Down May 9, 2019 Brandon Ivey Redwood Trust's net income increased in the first quarter of 2019 but acquisitions of jumbo mortgages fell significantly...Read More
Short Takes: Which Shops Received Subpoenas? / Not Just the Top Dogs / What Ginnie MBS Investors Hate: Fast Prepays / Ocwen’s Challenges / Lending Can Be Expensive May 8, 2019 Paul Muolo The loan application losing streak has ended!Read More
Bank Mortgage Profits Improve. However… May 8, 2019 John Bancroft While most banks posted improved revenue from the previous quarter, seven reported declining profitability...Read More
Freedom in Serious Talks to Buy RoundPoint Mortgage May 8, 2019 Paul Muolo With RoundPoint Mortgage under its belt, Freedom would crack the top-10 ranking of residential servicers...Read More
At Least 12 VA Lenders Subpoenaed by the Feds. Former Regulator: ‘This is Going to be Huge’ May 8, 2019 Paul Muolo Former FHA Commissioner Dave Stevens: "Churning is bad for Ginnie Mae investors."Read More
Wells Fargo Readies a New Jumbo MBS Deal May 8, 2019 Brandon Ivey Wells Fargo is looking like a regular issuer of jumbo MBS these days. The bank tested the market in October and January and is currently working on a $553.6 million deal.Read More
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