When it Comes to Jumbos, Retail is Still the King June 11, 2019 Brandon Ivey Bank of America, the nation’s second largest jumbo producer, only uses the retail channel…Read More
An Uptick in Warehouse Activity but Worries Remain June 11, 2019 Paul Muolo One West Coast-based manager singled out what he called “low-ball pricing”... Read More
Mortgage Employment Outlook Improves. UWM and AOMS are Hiring June 10, 2019 Paul Muolo Help needed far and wide: Loan officers and processors...Read More
Ginnie Mae MBS Issuance Jumps 18% in May June 10, 2019 John Bancroft In May, the top three Ginnie MBS issuers were PennyMac, Freedom Mortgage and United Wholesale Mortgage… Read More
What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie June 7, 2019 Paul Muolo A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...Read More
Agency MBS Issuance for May: $116 Billion, the Best Reading of the Year June 7, 2019 John Bancroft Fannie Mae led the pack with $43.58 billion in MBS issuance last month, a 32.9% jump from April... Read More
Short Takes: A Fannie-Freddie IPO? Not So Fast / $20 a Share? / When in Doubt, Pick the White Guy Category / If Cordray Was Running the CFPB… / New Hires for Waterstone, LoanLogics June 6, 2019 Paul Muolo If Democratic-appointee Richard Cordray was still in charge at the CFPB would the Freedom Mortgage fine be larger?Read More
MBA: IMBs No Longer Losing Money on Originations. However, Expenses Jump June 6, 2019 Good news/bad news: origination profits are up, but so too are expenses...Read More
Agency ‘Jumbo’ Production Plunges 21% in 1Q19 June 6, 2019 John Bancroft Meanwhile, non-agency jumbos accounted for 18% of primary market originations, up from 17.6%...Read More
Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison June 5, 2019 Paul Muolo Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”Read More
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