Nonbanks Amassed Large MBS Market Share in 2018 February 5, 2019 John Bancroft Over the same timeframe, agency MBS production by commercial banks, thrifts and credit unions fell 17.2 percent…Read More
$1B A Year Producer Calls It Quits, Citing 'Market Conditions' February 5, 2019 Paul Muolo Brian Foran of Autonomous Research: “Announcements like this have been surprisingly few and far between..."Read More
A Banner Year for Angel Oak, Firm Doubles Non-QM Production February 5, 2019 Paul Muolo Angel Oak Managing Partner Michael Fierman: “We continue to see great potential for this market…”Read More
NAR Calls for Release of FHA Condo Rules February 5, 2019 George Brooks NAR believes worthy borrowers for too long have been unable to purchase the home of their choice because of FHA’s restrictive condominium rules...Read More
Short Takes: Deephaven Interest / Don’t Worry About the ‘GSE Patch’ / Simmering Down a Bit: GSE Common / Carl Icahn? / Job Openings at Quicken Loans / Caliber Hires Stearns Executive Hecht / A Promotion for Riskey February 5, 2019 Dennis Hollier and Paul Muolo A mortgage slowdown? Not everywhere: Quicken Loans says it has more than 700 job openings…Read More
Third-Party Producers Continue to Dominate in the FHA/VA Space February 4, 2019 John Bancroft Meanwhile, the wholesale-broker share of FHA/VA purchase lending inched up to 13.3% in 2018, a 40 bps upward wiggle…Read More
Fairholme Tells its Shareholders to Hang in There on Fannie and Freddie February 4, 2019 Paul Muolo Fairholme's Bruce Berkowitz suggests the best is yet to come... Read More
As More Lenders Enter Non-QM Space, Underwriting Tightens (So Far) February 4, 2019 Brandon Ivey For expanded-credit MBS issuance in all of 2017 and 2018, the average credit score was 714.9.Read More
Ellie Mae Share Price Spikes on Sale Rumor February 4, 2019 Paul Muolo In late January, the software vendor gave its senior executives new performance share grants...Read More
Short Takes: Home Point Takes a Dive into the Non-QM Market / #28 Overall / Redwood Selling Additional Shares / Relationships / Not So Fast on that Title Deal February 4, 2019 Paul Muolo Another 'A' paper lender is jumping into the non-QM pool.: Home Point...Read More
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