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CFPB Issues Report on Residential Servicers. Key Finding: Behemoths Rule

November 22, 2019
Paul Muolo

Among the report’s conclusions: Small servicers tend to focus on mortgages in non-metro or rural areas. Also, small servicers are less likely than larger shops to process loans backed by Fannie Mae and Freddie Mac.


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An Origination Profit Boom in 3Q19

November 21, 2019
Paul Muolo

It’s no secret that home lenders are enjoying boom times. According to figures published by Inside Mortgage Finance last month, mortgage bankers funded a mouth-watering $700 billion in first-liens in the quarter, the strongest showing of the year.


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Agency Jumbos Red Hot in 3Q19; Conforming Loan Limit Could Top $500K

November 21, 2019
John Bancroft

Along with the increase to the baseline limit, caps on Fannie Mae, Freddie Mac and government-insured loans in high-cost areas would also rise, to as much as $760,000…


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Short Takes: GSE Stock Prices: Ouch / Juniors, Not the Common / Talk of Warren (Buffett, not Elizabeth) / Fitch Takes a Look at Freedom / New Hires at the FHFA

November 20, 2019
Paul Muolo

By the time recap and release is completed, an army of securities attorneys and investment bankers are going to rack up the billable hours…


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The Final Tally: Most Nonbanks Turned a Profit in 3Q19

November 20, 2019

Although interest rate volatility played havoc for companies with unhedged servicing portfolios, a sharply growing refinance market provided a windfall of production income.


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Radian Renews CEO’s Contract at $6.1 Million

November 20, 2019
Paul Muolo

Thornberry first joined Radian in February 2017. The MI ranks second in insurance-in-force and new insurance written...


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Guild Predicts New Company Record for Originations, McGarry Will Relinquish a Title

November 19, 2019
Paul Muolo

Guild Mortgage, the nation’s 20th largest home lender (according to a ranking by Inside Mortgage Finance), is on track to originate a record $20 billion this year…


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Correspondents Shine in 3Q19 Ranking

November 18, 2019
John Bancroft

Correspondent production of FHA/VA loans rose 25.8% from the second quarter, although retail actually recorded a higher increase.


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REIT MBS Holdings Fall Slightly in Volatile Third Quarter

November 15, 2019
John Bancroft

Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…


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FHA MMIF Capital Ratio Tops 4.8%, Highest Since Crisis

November 14, 2019
George Brooks and Paul Muolo
It was a bravura performance for the FHA’s Mutual Mortgage Insurance Fund in fiscal 2019. The MMIF ended the year with a capital ratio of 4.8%, more than double the statutory minimum.
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