Redwood to Acquire 5 Arches, Originator of ‘Business-Purpose’ Loans January 23, 2019 Brandon Ivey Redwood estimates that 5 Arches will originate $900 million to $1 billion in loans this year…Read More
MountainView Offering a $12.2B Ginnie MSR Package, Other Dealers Active As Well January 23, 2019 Paul Muolo A large nonbank based in Texas is believed to be the seller of the $12.2 billion package…Read More
Short Takes: Amazon Interested Still? / MBA Reduces Origination Forecast / GOS to Widen? / Annaly Readies Non-Agency MBS / Ellington Weighs in on REIT Conversion / Existing Home Sales Decline / Promotions and New Hires at MGIC and Closing Corp January 23, 2019 Paul Muolo and Brandon Ivey MBA reduces its origination forecast for 2019, ever so slightly...Read More
Ditech Gets a Breather from Its Note Holders (For Now); COO Terminated January 17, 2019 Paul Muolo Ditech also terminated the employment of Chief Operating Officer Ritesh Chaturbedi. Read More
Short Takes: Shutdown Having Minimal Impact on Mortgages? / Housing Market Slowing / AMC Acquires Meridian Asset Services / Broker Startup Launches January 14, 2019 Brandon Ivey The IRS resumed providing income verification services a week ago and the agency expected to catch up on volume...Read More
As Business Slows, Lenders Cut Branches, Channels; Movement Gets Eagle Franchise January 10, 2019 Paul Muolo Movement said the acquisition “significantly” expands its presence in the Pacific Northwest and Mountain West…Read More
Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package January 10, 2019 Paul Muolo With Michael Bright's departure, GSE "recap and release" just got hurt...Read More
Servicing Sales to Boom in Early 2019, IMBs Need Cash January 9, 2019 Paul Muolo “The only way to get through that is to sell assets – and for many of them that means mortgage servicing rights,” Steve Harris of MIAC told Inside Mortgage Finance.Read More
Short Takes: UWM Removes LLPAs on Certain Loans / New Mortgage Applications Come Roaring Back / Tempering Optimism with a Government Shutdown / Seterus’ Leslie Peeler? / Complaints Registered January 9, 2019 Paul Muolo Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus. Read More
TMS Exiting Retail and Wholesale Channels, Will Focus on Servicing, Correspondent Acquisitions January 8, 2019 Paul Muolo AmeriSave said it wants to scale its origination business…Read More
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