Early Look at 2Q Lending Reveals Mixed Bag at Big Banks and Bullish Nonbanks July 25, 2017 Paul Muolo The nation’s megabanks reveals a mixed bag when it comes to residential originations.Read More
Short Takes: About that FHA Premium Cut Idea… / Private Money, Not Government Money / 175 Basis Points / MPF Program Turns 20 / Fortress Buys Lender to RE Investors July 21, 2017 Brandon Ivey and Paul Muolo The USMI said in statement that cutting FHA premiums right now is “neither necessary nor prudent at this time...."Read More
What We’re Hearing: A Good Quarter for Angel Oak, MBS Plans for Citadel / Sprout Sprouting? / Freddie About to Make Splash in SFR Market? / Trump, the Russians (Soviets) and a Housing Solution? / Not-Happy Birthday: Dodd-Frank Turns Seven July 21, 2017 Paul Muolo A housing crisis in America? Maybe the Russians can help...Read More
After Delisting Warning, What Lies Ahead for Walter/Ditech? July 21, 2017 Paul Muolo The lender/servicer suffered another blow this spring when it revealed that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”Read More
Short Takes: NYSE-Listed Firm Selling MSR Portfolio via MountainView / Former Ginnie Chief Tozer Heads to PennyMac / No Reason Given / Galante’s Ocwen Holdings / Earnings from Black Knight and MGIC July 20, 2017 Paul Muolo Former Ginnie Mae President Ted Tozer will join the board of PennyMac Financial Services, the nation's fourth largest home lender, in August.Read More
A Tale of Two MSR Investors: Seneca’s End Draws Near, Pingora Slated for Sale Yet Again July 19, 2017 Paul Muolo The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years…Read More
An Early Look at 2Q17 Production: A Mixed Bag at the Mega Banks; Nonbanks like UWM are Bullish July 19, 2017 Paul Muolo “Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia.Read More
2Q17 Results: A 10 Percent Gain in Originations for U.S. Bancorp July 19, 2017 Paul Muolo The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...Read More
Utah-Based Nonbank Buys Industry Vet’s First Mortgage of Oklahoma July 19, 2017 Paul Muolo A press statement on the sale included no production or servicing information for either company…Read More
Short Takes: A Bulk MSR Deal from MountainView / Proposed HUD Lender Fee Is Cut From Spending Measure / Invictus Readies Nonprime MBS Deal / A Promotion at loanDepot July 19, 2017 George Brooks, Brandon Ivey, and Paul Muolo Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...Read More