PennyMac Registers Shares for Sale; Potential Sellers Include CEO Kurland, BlackRock, Others… December 31, 2015 Paul Muolo If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.Read More
Short Takes: The ‘Biggest’ Mortgage Stories of 2015? A Subject Ranking, for Sure / But Here’s the List: Strong Origination Volumes; TRID, Nonbanks, FHA Loan Volumes, No GSE Reform, Blackstone’s Mortgage Growth… December 31, 2015 Paul Muolo The biggest mortgage story of 2015? How about origination volumes being a lot better than anyone dreamed of?Read More
The Largest Investor in GSE Common (Pershing Square) Still Seems Bullish, but… December 30, 2015 Paul Muolo Over the past year, the share price of GSE common has tanked, at least on a percentage basis.Read More
Short Takes: The loanDepot IPO Could Happen in 2016 / Just Because the CFPB Issues a Letter That Doesn’t Mean Some Lawyer Somewhere Won’t Sue / FA: Fraud Risk Rises in FL / Radian Becomes PMIER Compliant December 30, 2015 Carisa Chappell, Brandon Ivey, and Paul Muolo Now that the Consumer Financial Protection Bureau has issued a “clarifying” letter on TRID errors, all is well, right? Not necessarily...Read More
California Remains the GSE Loan King December 29, 2015 Paul Muolo California also has the distinction of having one of the higher broker-GSE ratios in the nation: 21.5 percent. Read More
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