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November 6, 2017

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Mortgage Banking Profits Declined Slightly for Banks in 3Q17

Meanwhile, the indicators point to a drop in production volume for the fourth quarter… Read More

The Ramifications of a Nationstar Sale (If it Happens)

Interestingly, Nationstar, Ocwen and Walter each have embarked on a course of selling their owned mortgage-servicing rights while staying on as a subservicer… Read More

Mortgage Brokers Poised to Gain Market Share?

Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel. Read More

PennyMac Posts Strong Earnings; Broker Launch Coming Soon

PennyMac estimates by entering the broker space it will gain access to additional 10 percent of the $1.7 trillion loan market. Read More

Short Takes: Bill Ashmore’s Next Move / Richard Pickup, the Largest Investor in Impac / Weaker Results for PennyMac, the REIT / A New Hire for MBA

PennyMac (the REIT) said third quarter results were also affected by the reduced earnings contribution from "our credit risk transfer investments..." Read More

Special Counsel Clears Cordray of Election Law Violations

The Office of Special Counsel found no evidence that the CFPB's Richard Cordray violated the Hatch Act. Read More

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