Another Week and Another Negative Reading on New Business April 24, 2019 Paul Muolo Not good: Three weeks of negative applications readings...Read More
MSR Sales (Transfers) Down Sharply in 1Q19 April 24, 2019 John Bancroft The top buyer in the MSR sector was Mr. Cooper Group… Read More
Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo April 24, 2019 Paul Muolo Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...Read More
Short Takes: JPM’s Latest Outreach Effort to RE Brokers / #3 in Retail / A Quick History Lesson / A Strong Quarter for MGIC / A New CEO for LoanLogics April 23, 2019 Paul Muolo Chase is looking for an edge with realtors...Read More
Flagstar Reports Both Lower Earnings and Originations for 1Q19 April 23, 2019 Paul Muolo At March 31, Flagstar's home equity loan portfolio totaled $796 million, up 19% from a year ago...Read More
Existing Home Sales Reverse Course in March April 22, 2019 Dennis Hollier Sales decline despite robust economic and employment statistics.Read More
A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019 April 22, 2019 Paul Muolo In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...Read More
A Scorcher of a Month for Agency MBS Trading April 22, 2019 Paul Muolo The non-agency market, which is dwarfed in size by agencies, saw $3.0 billion in securities change hands on a daily basis in March, the strongest reading since June of 2018.Read More
Large Nonbanks Forge Ahead in GSE Servicing April 22, 2019 John Bancroft Nonbanks have increased their GSE portfolios by $95 billion over the past year...Read More
Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate April 19, 2019 Paul Muolo A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. Read More
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