PennyMac Financial Posts a $123.9 Million Profit in 4Q, Originations Down by 10.0 Percent; Lender Set to Launch New Products February 9, 2018 Brandon Ivey PennyMac originated $17.04 billion of home mortgages in the fourth quarter, largely through the correspondent channelRead More
Better Mortgage Launches Refi Program for Airbnb Hosts, Providing Favorable Treatment to Income from Primary Residences February 8, 2018 Brandon Ivey Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months...Read More
TIAA Preps Jumbo MBS with Loans Originated by Unit Formerly Known as EverBank February 6, 2018 Brandon Ivey In recent years, only two other banks have issued jumbo MBS: JPMorgan Chase and Flagstar...Read More
Redwood Brings Largest Expanded-Prime Jumbo MBS to Date February 5, 2018 Brandon Ivey The MBS will include credit enhancement of 10.0 percent on the senior tranche, similar to other expanded-prime MBS from Redwood.Read More
Widespread Support for HFSC Portfolio QM Bill January 31, 2018 Brandon Ivey However, at the markup, the bill was amended to limit the types of mortgages that will receive QM status.Read More
More Lenders Contributing to Prime Jumbo MBS; Flagstar Becomes a Player January 30, 2018 Brandon Ivey Flagstar contributed $1.02 billion to jumbo MBS last year, or 9.4 percent of the total market…Read More
Are Mortgage Bankers Eligible for New Tax Deduction? January 26, 2018 Brandon Ivey The provisions would seem to eliminate income from mortgage banking from receiving the full benefits of the deduction. Read More
PE Firms and REITs Show Interest in Financing Mortgage Servicing Rights January 26, 2018 Brandon Ivey The law firm helped a number of companies structure MSR financing transactions last year.Read More
Deephaven Readies New Nonprime MBS with Mortgages from Angel Oak, Impac, 61 Others… January 24, 2018 Brandon Ivey In total, 63 lenders contributed to the new MBS from Deephaven…Read More
HomeStreet’s Originations Declined in 4Q, but Mortgage Net Income Boosted by Tax Changes January 23, 2018 Brandon Ivey HomeStreet ranks 41st among all residential lenders, according to Inside Mortgage Finance…Read More