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
4Q18 Ugly: All Major Mortgage Product Groups Suffer February 7, 2019 John Bancroft Expanded-credit was the only corner of the market that grew last year – by an estimated $7.6 billion…Read More
A Mortgage Giant in the Making? BB&T, SunTrust Set Merger February 7, 2019 Paul Muolo Once the merger is completed, the combined institution will rank ninth, just ahead of AmeriHome Mortgage.Read More
BlackRock’s Stake in Ocwen Financial: 6.3%. Meaning? February 7, 2019 Paul Muolo Ocwen would like to buy mortgage servicing rights once again, but…Read More
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