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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...


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Existing Home Sales Reverse Course in March

April 22, 2019
Dennis Hollier

Sales decline despite robust economic and employment statistics.


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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...


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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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Latest Imf News

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  • Pennymac’s Funding in 3Q Trending Well Below 2Q

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Featured Data

  • Non-Agency Jumbo Lending Increases in Second Quarter

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  • All Products Gained in 2Q But Agency Market Lagged

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