Paul Muolo

Residential Lending Down at EverBank, Commercial Lending Up

January 27, 2016

Meanwhile, servicing income at EverBank fell 26 percent to $26.9 million. Gain-on-sale revenue also fell 26 percent – to $24.7 million.

Short Takes: Relief for the MI Industry? / The GOP Would Love to Cut HUD’s Staff / FHA Under Bernie Sanders? / WinWater’s New Jumbo MBS / AIG Finally Comes Clean on UG

January 27, 2016

Paul Muolo and Brandon Ivey

The House Financial Services Committee also has some unkind words for the Department of Housing and Urban Development and its 7800-plus workers...

Flagstar Admits TRID was a Problem; Originations Down 26 Percent in 4Q

January 26, 2016

Paul Muolo

Mortgages sold and securitized by Flagstar fell 29.4 percent.

Short Takes: Flagstar’s Best Year Since 2003 / Depositories Not So Aggressive in Table Funding (Still) / Genworth’s Share Price Continues to Suffer / Arch Among Fast-Growing MI Firms / DB’s MBS Research Chief Departs

January 26, 2016

Paul Muolo

Flagstar is the largest depository remaining as a table funder of mortgages through loan brokers...

MBS Liquidity Falls to a New Low…

January 26, 2016

Paul Muolo

As a structural matter, the bank is moving the operation from its “securitized products” group to “macro trading.”

AIG Plans to Spin Off Top-Ranked MI in a Tough Market for Mortgage Stocks

January 25, 2016

Paul Muolo

A change of control of a mortgage insurance firm would need the approval of Fannie Mae or Freddie Mac...

Short Takes: Quicken Taps Microsoft Executive for Strategy Post / Mortgage Technology Innovators? / NY and NJ a Problem for Freddie Mac / Stonegate Mortgage Hires SW Regional Manager

January 25, 2016

Paul Muolo

Besides Quicken, loanDepot has been mentioned as an innovator when it comes to new using new technologies...

Plunge in Oil Prices Causing Lenders to Tighten Underwriting? Hardly…

January 23, 2016

Paul Muolo

New foreclosure figures compiled by RealtyTrac suggest Texas and Oklahoma could be in for some minor bumps along the road.

Freddie Unveils First NPL Auction of 2016: $1.6B of Loans Serviced by NSM; At Least $7.1B Queued Up?

January 23, 2016

Paul Muolo

The NPLs that Freddie Mac wants to sell currently are being serviced by Nationstar Mortgage.

What We’re Hearing: Lower Expectations for MSR Sales / A Pivotal Quarter for Ocwen, Nationstar, Walter? / More Call Centers, Less Branches? / Can Loan Officers Be Replaced by Computers? / About that New Refi Boom…

January 22, 2016

Paul Muolo

There is also a school of thought that going forward, loan officers won’t be needed as much because of new origination technologies...

Paul Muolo

ARTICLES

Residential Lending Down at EverBank, Commercial Lending Up

Short Takes: Relief for the MI Industry? / The GOP Would Love to Cut HUD’s Staff / FHA Under Bernie Sanders? / WinWater’s New Jumbo MBS / AIG Finally Comes Clean on UG

Flagstar Admits TRID was a Problem; Originations Down 26 Percent in 4Q

Short Takes: Flagstar’s Best Year Since 2003 / Depositories Not So Aggressive in Table Funding (Still) / Genworth’s Share Price Continues to Suffer / Arch Among Fast-Growing MI Firms / DB’s MBS Research Chief Departs

MBS Liquidity Falls to a New Low…

AIG Plans to Spin Off Top-Ranked MI in a Tough Market for Mortgage Stocks

Short Takes: Quicken Taps Microsoft Executive for Strategy Post / Mortgage Technology Innovators? / NY and NJ a Problem for Freddie Mac / Stonegate Mortgage Hires SW Regional Manager

Plunge in Oil Prices Causing Lenders to Tighten Underwriting? Hardly…

Freddie Unveils First NPL Auction of 2016: $1.6B of Loans Serviced by NSM; At Least $7.1B Queued Up?

What We’re Hearing: Lower Expectations for MSR Sales / A Pivotal Quarter for Ocwen, Nationstar, Walter? / More Call Centers, Less Branches? / Can Loan Officers Be Replaced by Computers? / About that New Refi Boom…

Latest Imf News

UWM Considering Selling MSRs in Smaller Batches

Deliveries to GSEs Shift to Higher-Risk Characteristics in 3Q

FICO Boosts Mortgage Score Revenue, Withholds Guidance

Non-Agency-Focused Arc Home Breaks Even in Third Quarter

Featured Data

Resets Drive CLO/CDO Issuance Higher in 3Q

Originations Tumble 16% in Third Quarter

Seller Repurchases of GSE Loans Bounce Up in 2Q

Retail Share Rising in Conventional-Conforming

Featured Reports

Mortgage Profitability Report 2Q26 (PDF)

Guide to Mortgage Lending to First-Time Homebuyers

Mortgage Servicing Rights Report: 2Q26 (PDF)

Lender Profiles 2Q26: Top 25 (PDF)

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?