Impac Posts a $3.9 Million Profit for 1Q18, Aided by MSR Markup. Originations Drop 20.1 Percent May 10, 2018 Brandon Ivey New CEO George Mangiaracina said the nonbank’s servicing portfolio is serving as a counter-cyclical balance to declining originations…Read More
Short Takes: Impac Employees Looking Around? / Ex-CFPB Chief Cordray Wins in Ohio, but… / Will Warren Pick Cordray to Head the CFPB (Again)? / AIG Unit Readies Jumbo MBS / PennyMac Restarts Jumbo Unit May 10, 2018 Paul Muolo and Brandon Ivey Cordray was never popular in the mortgage industry because of all the regulations he heaped on lenders and servicers...Read More
Capital One Selling $17.0 Billion Loan Portfolio to Subsidiary of Credit Suisse, Which Will Sell to PIMCO May 9, 2018 Brandon Ivey As of the end of March, Capital One handled a $25.78 billion servicing portfolio, making the firm the 49th largest servicer, according to Inside Mortgage Finance.Read More
Retail, Mortgage Brokers Dominate in Expanded-Credit Lending May 8, 2018 Brandon Ivey MBS from Angel Oak Companies had the highest share of broker originations…Read More
Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count May 8, 2018 Paul Muolo and Brandon Ivey It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...Read More
Redwood Posts a Handsome Profit for 1Q18, Reports Strong Demand for Jumbos May 8, 2018 Brandon Ivey Redwood is set to issue its largest expanded-credit MBS ever: A $520.48 million security backed by…Read More
PennyMac’s Net Income Declines as Nonbank Cites Intense Competition for Originations May 4, 2018 Brandon Ivey PennyMac entered the broker channel in January and took in $7 million worth of product during the first quarter…Read More
Jumbo Production Declines in 1Q18, but Optimism for the Spring May 4, 2018 Brandon Ivey “Los Angeles, San Francisco and Boston continue to be quite supply-constrained,” said First Republic CEO James Herbert.Read More
Chimera More than Doubles Profit with Focus on Seasoned Loans, Sees Promise in Jumbos May 3, 2018 Brandon Ivey Chimera CIO Mohit Marria: “The thirst for yield from the investor base remains strong.”Read More
Net Income of $8.3M for Great Ajax, REIT Looks to Acquire More RPLs May 2, 2018 Brandon Ivey Great Ajax’s forte is buying re-performing mortgages…Read More