Small to Medium-Sized Lenders Had Stellar 1Q. Can it Last? April 6, 2015 Paul Muolo The wholesale division of Premier Nationwide Lending had its best month of October 2013...Read More
Lenders Losing Their Appetite for the Ginnie Mae ‘Eagle’? April 6, 2015 Paul Muolo However, the late January 50 basis point reduction in FHA premiums should help.Read More
Short Takes: Navy Fed Sets New Company Record for Originations / Keep, Don’t Sell / PennyMac Amends Servicing Facility / Fed Keeps Buying MBS, but Less Than Before / DBRS Adds Portfolio Advisors April 6, 2015 Paul Muolo The no-downpayment product from Navy Federal is called “HomeBuyer’s Choice,” and year-to-date the lender has funded $179 million in such loans…Read More
New Residential Buys HLSS Via Asset Purchase; Merger Kaput April 6, 2015 Paul Muolo The original merger agreement, unveiled in late February, was an all-cash deal valued at $1.3 billion.Read More
What We’re Hearing: A Loosening of Credit? Not Really / How Big of an LLPA Cut? / PMIERs? / Ocwen Earnings on Indefinite Hold / High Turnover at NE Lender? / PennyMac Gets Financing from Citi / UWM Says Freddie 3 Percent Down Product Better Than FHA April 3, 2015 Paul Muolo As one Ocwen source told us: It’s on “indefinite” hold…Read More
Short Takes: Fannie’s First NPL Sale Draws Near? / Former Subprime Executives Stage a Comeback / Golden First Settles with FHA for $36 Million / BofA Top Seller to Freddie April 2, 2015 George Brooks and Paul Muolo According to an informational circular on Angel Oak Mortgage Solutions, some of the top executives at the firm used to work for Southstar Funding in Sandy Spring, GA.Read More
Industry Vet Newman Unveils Expansion Plans for New Mortgage Acquisition April 2, 2015 Paul Muolo Maverick, which will take on the Home Point name, services roughly $1 billion in home mortgages.Read More
MIAC and The Prestwick Group Offering New Flow and Bulk MSR Deals April 1, 2015 Paul Muolo The Prestwick Group is selling a Fannie/Freddie $167 million bulk deal with a monthly flow component of $15 million to $20 million.Read More
Lenders Feel Good About Loan Production This Year, Well Sort Of April 1, 2015 Paul Muolo According to a March forecast, Fannie Mae estimates that $1.239 trillion of residential loans will be funded this year.Read More
RoundPoint Will Keep Buying Servicing on a Flow Basis; As for the Sale… April 1, 2015 Paul Muolo An outside public relations representative for RoundPoint said the company does not comment on M&A rumors.Read More