Jumbo Lending Stands Out in 1Q19 Production Slump May 16, 2019 John Bancroft Conventional-conforming loans still accounted for over half of total first-lien originations in 1Q19 but volume was down 9.0% sequentially...Read More
Short Takes: A New Mortgage Benchmark Has Arrived / Next Up for Calabria: the MBS Secondary in NYC / The Chicago Way / A Loss for Cherry Hill, but… / A New Deputy Director at the CFPB May 15, 2019 Paul Muolo April was a record month for nonbank mortgage giant Guaranteed Rate...Read More
FHA Originations Take it on the Chin; Nonbanks Continue to Dominate May 14, 2019 George Brooks Over the past three years, FHA's best quarter came in 3Q16 when lenders produced $72.3 billion of forward loans...Read More
Jumbo Servicing Continues to Gain, Except at Wells and JPM May 14, 2019 Brandon Ivey Ocwen posted a huge gain in jumbo servicing, but only because of its acquisition of PHH Mortgage...Read More
Signs of Life: A 24% Jump in Ginnie Mae Issuance May 13, 2019 John Bancroft The volume of both purchase and refinance loans was up sharply from March... Read More
CMBS Issuance Nicked, GSE MF MBS Off 29 Percent in 1Q19 May 10, 2019 John Bancroft Ginnie Mae multifamily securitization fell 34.4% in the first quarter.Read More
Losses Continue as Impac Shifts Focus to Non-QMs May 10, 2019 Brandon Ivey Impac's increased emphasis on non-qualified mortgages has yet to translate into profits. The nonbank's GOS was hammered compared to 1Q18...Read More
FHA/VA MI Market Share Increases to 54.5% May 9, 2019 John Bancroft In the first quarter MI rankings, it was a close race between Essent, Radian and MGIC...Read More
Short Takes: Which Shops Received Subpoenas? / Not Just the Top Dogs / What Ginnie MBS Investors Hate: Fast Prepays / Ocwen’s Challenges / Lending Can Be Expensive May 8, 2019 Paul Muolo The loan application losing streak has ended!Read More
Bank Mortgage Profits Improve. However… May 8, 2019 John Bancroft While most banks posted improved revenue from the previous quarter, seven reported declining profitability...Read More
RSS