Two Harbors Sticks with Plain Vanilla for its Latest Jumbo MBS March 11, 2015 Brandon Ivey NYCB Mortgage Co. is the top contributor to the jumbo MBS with a 13.5 percent share.Read More
Short Takes: LO Overtime Pay: Just Say No / Always Working? / FHFA Critical of Fannie’s Audit Committee / Fitch Rates Rushmore / Mystery Over Spike in Ocwen’s Share Price March 11, 2015 Paul Muolo and Brandon Ivey The Supreme Court decision on overtime pay for loan officers is just over 48 hours old, but already some companies are fearing the worst...Read More
Non-Agency MBS Outstanding Increased in February. What? March 10, 2015 Brandon Ivey The increase was a rare occurrence: Since 2009 the balance of non-agency debt outstanding has been on the wane. Read More
Short Takes: No Future for Common Shareholders of Fannie and Freddie? / DocMagic Furthers Electronic Closings / BofA MBS Settlement Gets One Green Light / Stonegate Hires Someone with Cha-Cha Experience March 10, 2015 Paul Muolo and Brandon Ivey KBW, by the way, has set a $1 per share price target for both Fannie and Freddie.Read More
Originations of Interest-Only Loans Held Steady in Fourth Quarter, Sort Of March 9, 2015 Brandon Ivey For the full year, PHH Mortgage was the top IO lender in the nation with $12.81 billion in production... Read More
JPMorgan Chase Going for the Jumbo Gold March 9, 2015 Brandon Ivey “We are building a higher quality and less volatile mortgage business,” said JPMorgan mortgage executive Kevin Watters.Read More
Short Takes: Dump Walter, Says Compass Point / Cerberus Pulls Mortgage IPO / Not Exactly the Best Track Record in Mortgages / A GSE Solution is Essential to the Future of Mortgage Banking / A Six-Year ARM From First Savings March 9, 2015 Paul Muolo and Brandon Ivey Cerberus hasn’t had the best track record with its mortgage investments over the years...Read More
JPM and First Republic Stick with ARMs in Jumbo MBS, Reduce Use of IOs March 5, 2015 Brandon Ivey JPM's latest jumbo MBS has strong underwriting characteristics, including an average combined loan-to-value ratio of 66.5 percent...Read More
When it Comes to Subprime Modifications, Little Evidence of Racial Discrimination March 4, 2015 Brandon Ivey The researchers said their data included seven of the 10 largest servicers based on market share.Read More
Short Takes: JPM’s New Jumbo MBS Deal / Regulatory Hassles for ASPS / Altisource Asset Management’s $9 Million Man / CFPB Chief Continues to Defend the Rate-Tracker Tool March 4, 2015 Paul Muolo, Thomas Ressler, and Brandon Ivey Although George Ellison’s salary was not disclosed in the press release announcing his employment with the company, a subsequent filing provided details: $450,000 per year, another $450,000 in incentive bonuses...Read More