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Loan Brokers Post Big Gains in FHA/VA Production

August 19, 2019
John Bancroft

The flow of broker-originated FHA and VA loans into Ginnie MBS increased by 63.1% during the second quarter, hitting $16.78 billion...


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What We’re Hearing: Ocwen’s CEO Puts His Money Where His Mouth Is / $197,560 Spent / A Bullish Sign? / Ocwen Launches New Reverse Product / About Those Prices We Quoted You / DocMagic Update

August 16, 2019
Paul Muolo

Ocwen’s Liberty Home Equity Solutions recently launched a non-agency reverse mortgage product. The EquityIQ loan allows borrowers to access up to $4 million in up-front cash...


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Year-over-Year, REITs Grow Their MBS Investments by 37%

August 16, 2019
John Bancroft

Annaly Capital Management led the pack in sequential MBS growth at 14.5%...


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Short Takes: You Can’t Deny July (Volumes) / The Others? / Good News on the Warehouse Front / CHLA Wants a Stress-Test Carve Out for Small Shops / George Mason Mortgage Hires ex-MBA Chief Stevens

August 15, 2019
Paul Muolo
In terms of new originations, the third quarter could be a barn-burner as well...
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Jumbo Originations a Standout in 2Q19 Production Boom

August 15, 2019
John Bancroft

Jumbo lending soared by 67.2% sequentially while expanded-credit lending increased by a modest 18.8%, Inside Mortgage Finance found…


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Short Takes: Armageddon Times? / It’s Only 500 Points / Impac Share Price Jumps / Spiking: The MBA Application Index / Chimera Readies Jumbo MBS / Angel Oak’s New Prequal Product / More MSR Auctions

August 14, 2019
Paul Muolo and Brandon Ivey

As most mortgage bankers know, recessions are generally good for the industry because rates plunge and originations spike. The tricky part is dealing with borrowers who face employment loss…


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Mortgage Hiring Picks Up. Looking for Help: JPM, Quicken, Others

August 14, 2019
Paul Muolo

Quicken Loans, the nation’s largest direct lender, told IMT the firm currently has 1,300 job openings “with positions available in many areas, including mortgage banking and technology.”


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Short Takes: MSR Marks: Look Out Below? / There’s Power in Moving Markets / Watching the Habib Call / Changes Coming to FHA Condo Program / PNC Exec Joins REIT

August 13, 2019
Paul Muolo

Big changes coming to the FHA condo market? Look for a big announcement on Wednesday...


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As a Whole, Public Nonbanks Suffered in 2Q19. The Reason: Negative MSR Marks

August 13, 2019
John Bancroft

PennyMac Financial Services, the nation's seventh largest residential servicer, had much better results on its hedges…

 


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On the Rise: GSE Credit Scores and LTV Ratios

August 12, 2019
John Bancroft

The volume of highest-risk loans rose over that period, but at a relatively slower 25.1% rate.


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