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March 2, 2017

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The Final Tally: Purchase-Mortgage Market Has its Best Year Since 2006

Wells Fargo once again dominated the purchase business with $135.5 billion funded in 2016, more than double its closest competitor, JPMorgan Chase… Read More

Industry Pushes to Make Sure Servicing is Included in Broader Housing Reform Efforts

Lenders that have representatives who are members of the UI collaborative include Bank of America, Quicken Loans, and Nationstar Mortgage… Read More

Angel Oak Hits the Market with a Rated Nonprime MBS Deal

The bank statement loans and TRID exceptions prompted Fitch to apply higher loss severities to the MBS, which play a role in credit enhancement levels… Read More

New MSR Deals From Phoenix Capital, MountainView Servicing Group

The MountainView package has no delinquencies, average FICO scores of 753 and a weighted average LTV of 72 percent. Read More

Senate Confirms Ben Carson as New HUD Secretary. Next Up: FHA Commissioner…

Now that Carson is official, it's time to pick an FHA commissioner... Read More

Short Takes: PennyMac Files to Sell Preferred Shares / A Nice Dividend for Investors / Brian Wornow the Head of FinServ for KBW / Layoffs at a Mortgage Wholesaler? / Prestwick Selling Freddie MSRs

Recently, KBW hired Wall Street veteran Brian Wornow as managing director in charge of its financial services group... Read More

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