Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post April 4, 2018 Paul Muolo If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...Read More
KBW: Servicing Values Up 7 to 15 percent YTD April 2, 2018 Paul Muolo A Ginnie Mae crackdown on “loan churning” is helping MSR values in that sector as well… Read More
Short Takes: 1Q18 was a Mixed Bag / Selected Reports of Strong Growth / MIAC was Busy with MSR Auctions / Here Come the Proxies / Waiting on the BLS April 2, 2018 Paul Muolo Meanwhile, the servicing sector appears to be picking up a head of steam...Read More
Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak March 29, 2018 Paul Muolo Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...Read More
Short Takes: loanDepot will Issue Non-Agency MBS / Okay, So It’s Not $6 Million / The Changing of the Guard / Tiptree Nears Sale of Jumbo Lender / Stock Repurchase Plans / MountainView Selling Whole Loans March 27, 2018 Brandon Ivey and Paul Muolo The two men steered Impac through the rocky waters of the financial crisis...Read More
Up for Grabs: A $1.9 Billion Fannie Mae MSR Portfolio March 26, 2018 Paul Muolo California receivables account for 22.5 percent of the collateral based on number of loans…Read More
Fitch: Consolidation Expected Among Nonbank Servicers. Rising Costs a Major Concern March 14, 2018 Brandon Ivey Fitch said independent nonbank servicers remain vulnerable to rising costs…Read More
IMA Hits the Market with a Large Bulk GSE Auction March 14, 2018 Paul Muolo The package from IMA boasts low delinquencies and a high percentage of loans based in California…Read More
Ginnie Mulls Changes to MSR Pacts to Improve Nonbank Liquidity March 13, 2018 George Brooks Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…Read More
Fannie Ready to Dump Almost $2B of RPLs March 13, 2018 Paul Muolo The auction is being marketed in collaboration with Citigroup... Read More
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