Short Takes: Amazon Interested Still? / MBA Reduces Origination Forecast / GOS to Widen? / Annaly Readies Non-Agency MBS / Ellington Weighs in on REIT Conversion / Existing Home Sales Decline / Promotions and New Hires at MGIC and Closing Corp January 23, 2019 Paul Muolo and Brandon Ivey MBA reduces its origination forecast for 2019, ever so slightly...Read More
Flagstar Sees Residential Originations Plummet January 22, 2019 Paul Muolo Flagstar CEO Alessandro DiNello: “Our mortgage business was softer than we expected."Read More
FHA/VA Default Rates Edge Higher January 22, 2019 John Bancroft The serious delinquency rate was a different story…Read More
Government Shutdown Impedes Ginnie Liquidity Letters, More January 22, 2019 Paul Muolo Ginnie Mae hasn’t had a permanent president it two years. It may never have one in the Trump administration...Read More
What We’re Hearing: GAO Worries About Fannie & Freddie / The Return of Jeb Hensarling / Top-Ranked Nonbank Enters the HELOC Market / Quicken Courts the Refi Market / Eddy Perez to Head MORPAC / Take Our Salary Survey January 18, 2019 The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...Read More
Megabanks’ Originations Weak, MSR Values an Issue January 18, 2019 Paul Muolo Publicly traded nonbank giants, including PennyMac and Mr. Cooper, have yet to report results, but there’s nothing to suggest these shops will fare much better…Read More
Nonbanks Significantly Increase Agency Servicing Market Share January 17, 2019 John Bancroft Eighth-ranked Mr. Cooper also had huge quarter in MSR growth…Read More
Ditech Gets a Breather from Its Note Holders (For Now); COO Terminated January 17, 2019 Paul Muolo Ditech also terminated the employment of Chief Operating Officer Ritesh Chaturbedi. Read More
Mortgage Employment Falls to 10-Month Low January 17, 2019 Paul Muolo Conventional lenders will have a tougher time of it this year...Read More
Short Takes: A Landmark Non-QM MBS from Angel Oak / Better Mortgage Sees Furloughed Government Workers and Comes Up with a Product to Serve Them / Retail Declines at BB&T / Seterus Hands Out Pink Slips to 300 / MGIC’s Results / MBA Promotes Knowlton January 17, 2019 Brandon Ivey and Paul Muolo The Seterus platform will cut 300 full-time workers in the Durham area. The unit is being sold to Mr. Cooper...Read More
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