Movement Mortgage Plans to Add 700-Plus Workers at its HQ Over the Next Five Years December 20, 2017 Brandon Ivey Movement was founded in 2008 and has grown from four employees to more than 4,300…Read More
Wells Fargo Promotes Mary Mack to Head Consumer Lending, in Addition to Leading the Community Banking Division December 19, 2017 Brandon Ivey Mack, a senior executive vice president at Wells, has been at the bank for 33 years...Read More
GOP Tax Bill Won’t Change Current Capital Gains Treatment on the Sale of a Principal Residence December 18, 2017 Brandon Ivey The housing industry had warned that extending the requirement would “lock” younger borrowers into their first homes for longer periods of time…Read More
Short Takes: What’s Up with Walter? / loanDepot and Going Public? / Capping the MID at $750K / Victor Ciardelli, Still in Charge at Guaranteed Rate / PrimeLending Promotes Thompson December 18, 2017 Brandon Ivey and Paul Muolo Eventually, loanDepot's investors will want to cash out...Read More
After Years of Unrated MBS Deals, Great Ajax Breaks the Mold December 15, 2017 Brandon Ivey Great Ajax is a real estate investment trust that formed in 2014 and went public in early 2015.Read More
Did the GSEs Play a Role in Slowing Non-Agency SFR Deals? December 15, 2017 Brandon Ivey Moody’s said GSE participation will continue to erode the sector’s reliance on commercial MBS as a source of financing…Read More
Short Takes: Keeping Tabs on GSE Dividends / The GOP Tax Plan and DTAs / Good News for ‘Conforming’ Jumbos? / LendingTree Getting Frothy? / First Republic Bank Stands Out in Second Liens December 14, 2017 Brandon Ivey and Paul Muolo The share price of online loan broker LendingTree is looking a bit pricey these days at $337.80 a unit...Read More
Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform December 13, 2017 Brandon Ivey The way things stand today, the tax bill could be on track for final approval as soon as next week.Read More
Jumbo MSR Market Increases, Wells Fargo Continues Dominance December 13, 2017 Brandon Ivey Moody’s noted that mortgages acquired by Chase’s jumbo conduit have performed exceptionally well…Read More
JPM’s New Non-Agency MBS Chock Full of ‘Agency Eligible’ Loans December 12, 2017 Brandon Ivey The conforming mortgages in the deal were largely originated by correspondent lenders…Read More