Facing a Cloudy Future, Impac Bets the House on Non-QM Lending November 20, 2018 Paul Muolo Impac CEO George Mangiaracina: “I don’t believe we’ve seen capitulation yet with respect to other originators.”Read More
Short Takes: Angel Oak is Hiring / Carrington Launches Correspondent Division / Applications Decline / 2 Non-QM MBS with Loans from Impac / MIAC Offers Whole Loans for Auction / A Short Publishing Break November 20, 2018 Brandon Ivey and Paul Muolo Carrington Mortgage this week announced the launch of its correspondent lending division. Read More
Largest Holders of MSRs Leave the Asset Values Unchanged November 20, 2018 Paul Muolo The largest gain among the 14 companies was 3.6 percent, the largest decline -5.6 percent. Read More
Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale November 20, 2018 Paul Muolo Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...Read More
Meetings Scheduled for January as Nonbanks Ponder Impact of Ginnie ‘Liquidity Letter’ November 19, 2018 Paul Muolo Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced. Read More
MIAC Hits the Market with a $7B MSR Package November 19, 2018 Paul Muolo Loans in the pool have an average age of 24 months.Read More
Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager November 19, 2018 Brandon Ivey, Paul Muolo, and Yemeng Yang Rates were in a decline Monday morning...Read More
As Mortgage M&A Heats Up, Panorama Partners Ready to Pounce November 19, 2018 Paul Muolo Panorama is not new to the mortgage business. In July 2016, the Omaha-based PE firm unveiled a “significant” investment in Alterra Home Loans…Read More
Under Michael Bright, Ginnie Mae Continues to Tighten Issuer Standards, Accountability November 16, 2018 Paul Muolo Ginnie said the evaluation will be “similar to those employed by credit rating agencies.”Read More
After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More November 16, 2018 Paul Muolo Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD. Read More