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
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
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
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
What We’re Hearing: Craig Phillips, the ‘Ax’ / What We Talk About When We Talk About GSE Reform / Next Up: Meetings on Capitol Hill / Time for Treasury to Hire an Investment Banker? / Keeping an Eye on loanDepot / More VC Money for Better Mortgage February 1, 2019 Paul Muolo And some point, it stands to reason that the U.S. Treasury Department would hire an investment banking firm with a specialty in Washington matters to assist in a recap and release plan…Read More
Another Record Year for GSE Credit-Risk Transfers February 1, 2019 John Bancroft CRT deals have redefined the Fannie/Freddie business model…Read More
‘Crazy Pricing’ Blamed for Lower Origination Volume February 1, 2019 Brandon Ivey Flagstar CEO Sandro DiNello said some lenders are pricing mortgages “irrationally…”Read More
Mortgage Servicing Market Grew More Top Heavy Late Last Year January 31, 2019 John Bancroft Wells Fargo, the nation’s largest home lender and servicer, saw its MSR portfolio shrink by 1.6 percent on a sequential basis…Read More
Applications Decline but Signs of Life in Selected Markets? January 30, 2019 Paul Muolo On an unadjusted basis, the trade group’s application index decreased 10.0 percent compared to the week prior.Read More
Mortgage Gripes Filed with the CFPB Fall to a New Low January 29, 2019 Yemeng Yang Servicing practices attracted the most mortgage-related complaints, accounting for almost half, Inside the CFPB found…Read More
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