Short Takes: Home Prices Back to Pre-Bust Levels / Hot Growth for Denver, SF, Portland / A 10-Year HELOC / FHLB Cuts Warehouse Line / WJB Picks a New CIO December 29, 2015 Carisa Chappell, Brandon Ivey, and Paul Muolo It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...Read More
United Wholesale Mortgage Bucks the TRID Trend: No Delays in Loan Closings December 28, 2015 Paul Muolo Mat Ishbia of UWM said the money his company spent getting ready for TRID is an expense "for the long haul..."Read More
Subservicing Contracts Continue to Rise; A 28 Percent Gain YoY December 28, 2015 Paul Muolo In a recent report, Freddie Mac economists said subservicing likely will “persist and perhaps grow.”Read More
MorVest Capital Unloads Ginnie Mae MSRs; Another Deal in the Works December 28, 2015 Paul Muolo The new offering is in the $1 billion range. MorVest hopes to complete the sale by the end of January.Read More
Short Takes: More TRID Snafus: Who Makes the Disclosure? / Electronical Acceptances Key / The Marijuana Trade and Home Prices / Microscopic Changes in Rates / HFH Hires New CIO December 28, 2015 Paul Muolo and Sherry Muolo Is the booming marijuana trade in Colorado causing home prices to rise in the Rocky Mountain (High) state? Not necessarily... Read More
More ‘Boomer’ Mortgage Executives Working Well Past Retirement Age? December 23, 2015 Paul Muolo and Sherry Muolo None of the executives interviewed by Inside Mortgage Trends could put hard numbers on how many executives have been sticking around the industry past 70 years of age, but none had a doubt that there were still plenty to be counted.Read More
Subprime Lender Angel Oak May Fund $1 Billion in 2016 December 23, 2015 Paul Muolo In an interview with IMFnews, John Hsu talked about Angel Oak’s $150 million subprime deal, noting that there is a “huge amount of support for this.”Read More
Short Takes: TRID Nightmares Continued / ‘I’ve Aged Five Years in the Past Month’ / Freddie Contemplates Marketplace Lending: A Flash in the Pan? / Foreclosures Continue to Head South December 23, 2015 Carisa Chappell, Paul Muolo, and Sherry Muolo Sean Becketti, Freddie’s chief economist, said, “It's too soon to tell whether marketplace lending is the next Uber or just another flash in the pan…”Read More
PHH Files S-3 With the SEC, Lays the Groundwork for Some Type of Securities Offering December 22, 2015 Paul Muolo However, the new PHH filing does not contain the names of any underwriters, dealers or agents. Read More
Short Takes: How Many TRID Tech Updates? 99? / Ocwen Makes Another Payment / Rates Going Nowhere / Time for FHA Lenders to Use LEAP / Mortgage Exec Back With Guaranteed Rate December 22, 2015 Paul Muolo, Sherry Muolo, and Thomas Ressler At some lending shops, almost 100 TRID technology updates have been implemented...Read More