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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.


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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...


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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. 


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CEO Messina’s Comp Plan at Ocwen: $4.5 Million

April 19, 2019
Paul Muolo

The Ocwen filing notes that Messina was paid $240,000 per month in order to preserve his availability...


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Short Takes: A ‘Perfect Storm’ Hammered Mortgage Profits / How Bad? Try 2008 / Ocwen Grants CEO Messina Stock Awards / Colony Set to Buy PFB Mortgage / Evolve Hires Former Wells Executive as Mortgage President

April 17, 2019
Paul Muolo

The negative factors include higher rates, lower originations, and rising expenses, resulting in the lowest net production income per loan reading since 2008...


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No Decision Yet on Curbing Access to the CFPB’s Complaint Database

April 17, 2019
Yemeng Yang

It's been nearly a year and the CFPB still hasn't acted on what to do about the complaint database...


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M&A Heats Up: Home Point Buys Wholesale Lender, RE Tech Firm Acquires Direct Funder

April 17, 2019

Willie Newman's Home Point seems to have acquisitions on its mind these days...


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Rates Creeping Back Up and That Means One Thing: Lower Applications

April 17, 2019
Paul Muolo

No one in the industry is hitting the panic button quite yet. After all, it’s the spring home buying season...


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Short Takes: A Record Non-QM Quarter for Angel Oak / $9.7B Under Management / Good News for FHFA, Bad News for HUD / Filling the Holes / Take Our Servicing Trivia Test

April 16, 2019
Paul Muolo
A record production quarter for Angel Oak...
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BofA Bucks the Trend, Reports Higher Residential Originations

April 16, 2019
Paul Muolo

Compared to 1Q18, first-lien production increased 21.6%...


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Latest Imf News

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Featured Data

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