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Loan Broker Market Share Climbs to New Post-Crisis High: 14.9%

August 22, 2019
John Bancroft

Quicken was the market leader in retail lending with UWM taking top honors (by far) in the wholesale category. Wells Fargo was the top correspondent buyer in 2Q19…


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Short Takes: Caution: Possible G-Fee Hike Ahead? (Trump) / A Tax on Homeownership? / Falling Applications and the Industry’s ‘Capacity’ Problem / Top Tech Exec Bolts loanDepot for GR

August 21, 2019
Paul Muolo

The big question: Will the White House and Congress visit the guarantee fee trough once again to pay for it? 


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Ginnie Mae MBS Issuance Surges to Four-Year High in July

August 21, 2019
John Bancroft

Lenders pooled $44.70 billion of single-family forward mortgages into Ginnie MBS last month. It was the highest monthly total since July 2015…


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More Ocwen Insiders Buy Shares in the Open Market

August 20, 2019
Paul Muolo

Generally, it’s a bullish sign when executives purchase shares of their companies in the open market, especially if they’re paying cash as opposed to buying on margin.


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The Stock Market is Gyrating but Mortgage REITs Keep Issuing Additional Shares

August 20, 2019
Paul Muolo

The issuer list encompasses an array of public “mREITs,” including two of the largest players in the MBS-investing market…


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GSE Credit-Risk Transfers Down Significantly in 2Q19

August 20, 2019
John Bancroft

Fannie Mae and Freddie Mac acquired $2.83 billion of reinsurance coverage through the first six months of the year, down 29.9% from the same period in 2018.


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Quicken Tops Among Contributors to Non-Agency MBS in 2Q19

August 19, 2019
Brandon Ivey

In the second quarter, loans produced by Quicken were included in MBS issued by Annaly Capital Management, JPMorgan Chase and Redwood Trust.


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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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