August 11, 2020By Paul MuoloThe FHA MMIF Has $72 Billion on Hand. Is It Enough?For HUD, the central question boils down to this: Will the MMIF have enough cash on hand to weather what could turn out to be a delinquency tsunami on the FHA book of business?
August 10, 2020By John BancroftAnother Monthly Record for Ginnie MBS IssuanceThrough the first seven months of 2020, Ginnie issued $400.14 billion of single-family MBS, excluding deals backed by FHA reverse mortgages.
August 7, 2020By Brandon IveyPennyMac Turns a $352.7 Million Profit in 2Q, Hires 1,000+ EmployeesPennyMac posted a record profit in the second quarter and went on a hiring spree to support its origination and servicing activities.
April 5, 2019By Paul MuoloWhat We’re Hearing: A Mortgage Sea Change for JPMorgan Chase? / Dimon Beats Up on Nonbanks (Again) / Kumbaya on Loan Brokers? (Not Likely) / Calabria’s First Move? / IMA Selling Bulk MSR Portfolio / Layoffs at Ditech Financial