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
Short Takes: The GSE G-Fee ‘Tax’ that Time Forgot / Sunset Rising / Nonbank Completes Bank Purchase (A Rarity) / Ocwen’s Cash Position / Panorama Names Egenhoefer MGD May 7, 2019 Paul Muolo It's only 10 basis points on GSE loans, but it can add up...Read More
At Ocwen, the Red Ink Continues to Flow … But MSR Purchases Pick Up May 7, 2019 Paul Muolo Ocwen's originations were anemic at $353 million in the quarter. Read More
Loan Brokers Add Jobs, Mortgage Bankers Cut May 6, 2019 Paul Muolo Although the overall job market is strong, all is not well in the mortgage industry. Maybe next month will be better...Read More
Ditech Reports Another Monthly Loss. Two Month Total at $176.5 Million May 6, 2019 Paul Muolo The company registered gain-on-sale revenue of $9.8 million, just about flat compared to February.Read More
The GSE Credit Box Opens Up, Ever So Slightly May 6, 2019 John Bancroft For Fannie and Freddie, it was the highest concentration of low-score/high-LTV loans over the past five years... Read More
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