Lower Earnings for Fannie and Freddie, 4Q18 Dividend Payment On Track (For Now) February 14, 2019 Paul Muolo It’s rare but Fannie and Freddie reported results on the very same day…Read More
Annaly Posts a Whopping $2.25 Billion Loss for 4Q18, Eyes the Non-Agency Market February 14, 2019 Brandon Ivey Annaly CEO Kevin Keyes said the REIT is working to diversify its investment strategy, including a focus on acquiring new non-agency mortgages…Read More
GSE Single-Family MBS Issuance Off to a Slow Start in January February 13, 2019 John Bancroft Wells Fargo, Quicken Loans and PennyMac ranked first, second and third, respectively, in loan sales to Fannie and Freddie during January…Read More
Ginnie Mae Approved Only 8 New Issuers in 2018 February 13, 2019 George Brooks Nonbanks comprise 61% of approved servicers of Ginnie’s $2.04 trillion portfolio…Read More
The 4Q18 Tally: Banks Report Sharp Drop in Mortgage Banking Income February 12, 2019 John Bancroft Much of the mortgage earnings damage took place at the top…Read More
A Tiny 4Q18 Profit for New Residential February 12, 2019 Paul Muolo New Rez continues to gobble up MSRs like there's no tomorrow...Read More
PennyMac Bucks the Trend, Increases Originations in 4Q18 February 11, 2019 Paul Muolo Most of PennyMac's production entails correspondent acquisitions from primary market originators, a strategy that typically carries lower profit margins...Read More
What We’re Hearing: Salivating at the Prospect of a Fannie-Freddie Stock Offering? / Mulvaney Again / Waiting in the Wings for Treasury’s GSE Assignment? / What Could Stand in the Way? / MI Roundup / Wells Fargo, the MBS King / A New Legislative Hire for February 8, 2019 Paul Muolo But one thing is certain: the Trump White House is not monkeying around with GSE reform...Read More
Agency MBS Production Fell Modestly in January February 8, 2019 John Bancroft It was the lowest combined output for the three agencies since February 2016, when just $80.49 billion of new MBS were issued.Read More
While Conventional Lenders Slip, Angel Oak and Citadel Excel February 8, 2019 Paul Muolo In comparison, Wells Fargo, JPMorgan Chase and Quicken Loans posted volume declines of 17.1%, 19.3% and 3.0%, respectively…Read More
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