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Short Takes: President Trump to the Rescue (On Rates)? / Then Again, If Stocks Crumble / Warehouse Risk? / Sales Commissions Continue to Rise / New Hires for Greystone

April 29, 2019
Paul Muolo
Sales commissions for retail loan originators totaled 111 basis points last year, according to a tally from MBA...
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Quicken Clarifies: Despite a Court-Appointed Mediator, It Has No Plans to Settle FCA Case

April 29, 2019
George Brooks

Quicken vehemently denied the accusation and in April 2015 filed a lawsuit in federal district court in Detroit, accusing the government of “arbitrary and capricious conduct and misuse of power to extort money from lenders.”


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FHA and VA Delinquencies Plummet

April 29, 2019
John Bancroft

Meanwhile, Wells Fargo continues to dominate the Ginnie Mae servicing arena with a $277.7 billion portfolio at March 31...


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What We’re Hearing: Due Out Next Week: GSE Earnings / The Last Dividend Payment? / Maybe a Chance at Reform Legislation? / LendingTree’s Money Tree? / MIAC’s MSR Auction

April 26, 2019
Paul Muolo

Keep an eye on what the GSEs say about their dividend payment...


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Fannie/Freddie 1Q19 Earnings Preview: Decent but Keep an Eye on the Hedging ‘Marks’

April 26, 2019
Paul Muolo

The government-sponsored enterprises continue to fire on all cylinders. However...


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More Red Ink for Industry Vendor Altisource

April 25, 2019
Paul Muolo

Altisource is in the process of selling its financial services business, which should bring in roughly $44 million...


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MetLife, Citi Bring Non-Agency MBS Backed by Seasoned Mortgages

April 25, 2019
Brandon Ivey

At Dec. 31, MetLife held approximately $11.74 billion in whole loans. In the past, the life insurer had focused on seasoned mortgages, but two years ago started buying newly-originated prime and near-prime mortgages.


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A New Low for Mortgage Complaints Filed with the CFPB

April 24, 2019
Yemeng Yang

MSR Sales (Transfers) Down Sharply in 1Q19

April 24, 2019
John Bancroft

The top buyer in the MSR sector was Mr. Cooper Group… 


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CFPB to Provide Targeted CIDs in the Future

April 23, 2019
Yemeng Yang

The CFPB is updating policies regarding civil investigative demands to ensure the government is providing more information about potentially wrongful conduct under investigation.


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