Impac Prices ‘Add-on’ Offering of Stock at $13 a Share; Stock Gets Smacked September 16, 2016 Paul Muolo Impac presently has a market capitalization rate (stock price multiplied by number of shares) of $167.6 million.Read More
What We’re Hearing: How Much Will the Brits Wind Up Paying the FHFA? / Maybe Elton and McCartney Can Help / Remember Lehman Brothers? / What Will Donald Trump do with Fannie Mae and Freddie Mac? / JPM Promotes Three September 16, 2016 Paul Muolo And since RBS is essentially owned by the British government, any settlement money will indirectly come from U.K. taxpayers. Who knows, maybe Adele, Paul McCartney and Elton John can chip in…Read More
Fourth Quarter Could be a Barn-Burner for MSR Sales September 15, 2016 Paul Muolo Potential MSR sellers abound, but what price will they accept?Read More
Two More Lenders Report Record Production in August: Freedom and Pac Union September 15, 2016 Paul Muolo The third quarter has yet to end and the big question for the industry boils down to this: Will 3Q be better than 2Q?Read More
Fannie Mae Survey: 55 Percent of Lenders See No Change in Profit Margin September 15, 2016 Paul Muolo Among other things, Fannie found that for 3Q16, more lenders expect to sell their mortgages to the GSEs rather than keeping them in portfolio.Read More
Short Takes: Even Under Trump, the CFPB May Be Invincible / Five Years of Abuses? / Warehouse Money Available for Non-QM? / The Wild, Wild West / PIMCO-Owned Lender Hires Ex-BOK Official September 15, 2016 Brandon Ivey and Paul Muolo Warehouse money is available from commercial banks for nonprime home mortgages, but...Read More
Signing Bonuses for Mortgage Underwriters? Good MUs Can Earn $135,000 a Year September 14, 2016 Paul Muolo One mortgage branch manager described the underwriter shortage as a “big time” problem.Read More
A Key Concern at Ginnie Mae: Nonbanks with Too Much Net Worth Tied Up in MSRs September 14, 2016 Paul Muolo Too many nonbanks have their net worth tied up in servicing rights. And that’s a problem…Read More
Short Takes: The CFPB Ready to Slam a Mortgage Lender? / Are Many MSA Agreements Left? / Ocwen a ‘Buy’? Is That Possible? / FHFA Readies Consumer Survey / Pickel Starts a New Job September 14, 2016 Carisa Chappell and Paul Muolo Ocwen gets an upgrade, but there are doubters...Read More
Warehouse Commitments Inched Up in 2Q16, But Usage Rates Spiked September 13, 2016 Paul Muolo At Santander Bank, commitments improved by 2.1 percent to $2.4 billion while outstandings jumped 33.3 percent to $1.6 billion.Read More