Skyline Lending Ready to Roll Out Non-QM Loan September 25, 2014 Paul Muolo Skyline declined to name the company’s non-QM investor. “We have an investor who has created a shelf,” is all the CEO would say on the topic.Read More
Ocwen Sale of $800 Million of Ginnie Mae MSRs Fails to Trade September 25, 2014 Paul Muolo Ocwen is still active as a bidder on MSR packages, focusing on smaller transactions these days.Read More
Fannie Mae’s Top Servicing Executive Departing for IBM September 25, 2014 Paul Muolo It's unclear what exactly Leslie Peeler will do at IBM Mortgage. The tech giant rarely says anything about its mortgage division.Read More
Short Takes: The Cost to Underwrite Non-QM Loans / Uh, How Large is the Non-QM Market? / Ocwen’s Stock Going Nowhere / Mortgage Firms Love to Sell Ginnie MSRs / Anworth Looks to Expand September 25, 2014 George Brooks and Paul Muolo Just how large is the non-QM market? That’s hard to say...Read More
Fresh Off of Regency Deal, RPM Has ‘Letters-of-Intent’ With Two Other Lenders September 24, 2014 Paul Muolo RPM Mortgage would love to expand its presence in East Coast markets. It also recently rolled out a non-QM product.Read More
Short Takes: Ginnie to New Issuers: Use it Or Lose It / Suddenly, Wholesalers Everywhere / Fannie Doesn’t Like B&Bs / Motor City No. 3 for HARP Outreach / Ex-JPM Executive Gets Key Job at FHFA September 24, 2014 Paul Muolo and Charles Wisniowski Hell hath no fury like an agency whose new issuers are not actually issuing (MBS)...Read More
After Comstock Acquisition, Guild Wants to Buy More Lenders; An Eventual IPO? September 23, 2014 Paul Muolo As the mortgage M&A market chugs along in the coming year, Guild hopes to be a buyer.Read More
Ginnie Mae Promises Net Worth Rules for All by MBA Annual September 23, 2014 Paul Muolo Soon it will be easier to use Ginnie Mae mortgage servicing rights as collateral, or so the agency hopes.Read More
Short Takes: Mortgage Industry Shrinks but Not by Much / Can It Be? Final Risk Retention Rules? / Treasury’s Experiment in Non-Agency MBS / October Non-QM Launch for Ethos / JPM Removed From Virginia Lawsuit September 23, 2014 Brandon Ivey, Paul Muolo, and Charles Wisniowski It appears that Ethos Lending will enter the non-QM market come October...Read More
Why MSR Securitizations Likely Have Hit the Wall September 23, 2014 Paul Muolo The concept of MSR-backed securities recently came to the fore again with the news that Stonegate Mortgage, Indianapolis, is contemplating a transaction.Read More