Banks Boost First-Lien Holdings in 1Q18 but a Slight Drop at Wells Fargo July 2, 2018 Brandon Ivey The three largest holders of first-liens are Wells Fargo, JPMorgan Chase and Bank of America…Read More
A Deal-Hungry Stearns to Acquire an Equity Stake in Certainty Home Loans July 2, 2018 Brandon Ivey According to sources familiar with the matter, Stearns is looking at other acquisitions as well...Read More
Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG July 2, 2018 Brandon Ivey and Paul Muolo LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...Read More
Movement Mortgage Opts for Crowdsourcing for LO App June 26, 2018 Brandon Ivey Movement gave tech developers eight weeks to develop a prototype…Read More
Originator of Mortgages in Non-Agency MBS from Credit Suisse Purposefully Unidentified June 25, 2018 Brandon Ivey Presale reports for non-agency MBS backed by new originations typically identify lenders that account for at least 5.0 percent of the contributions…Read More
Jumbo Demand Steady After Tax Reform June 22, 2018 Brandon Ivey “We didn’t observe any meaningful change in purchase loan application trends compared to earlier years,” said Archana Pradhan of CoreLogic.Read More
JPM to Issue one of the Largest Post-Crisis Prime Non-Agency MBS Deals June 21, 2018 Brandon Ivey KBRA assigned preliminary AAA ratings to the MBS with credit enhancement of 6.00 percent on the senior tranche.Read More
On the Ascent: Jumbo Servicing Balances June 20, 2018 Brandon Ivey One of the fastest growing jumbo servicers is Shellpoint Mortgage…Read More
Angel Oak Set to Issue its Largest Nonprime MBS to Date June 20, 2018 Brandon Ivey The non-QM MBS also includes loans originated by unaffiliated lenders, including Sterling Bank & Trust…Read More
Short Takes: Wholesale Profit Margins Under Pressure Too? / Commercial Bank Seeks MB / A New IO MBS from JPM / An Update on Ex-FGMC CEO Peters / New Hires for Two Harbors, Walker & Dunlop June 20, 2018 Brandon Ivey and Paul Muolo All of the loans in the new JPM deal were originated by First Republic Bank, with seasoning of seven years...Read More