Guild Mortgage Isn’t Done Buying Other Lenders October 29, 2014 Paul Muolo Guild's McGarry also said the company will not be closing on any more transactions in 2014.Read More
Short Takes: Redwood’s New Jumbo MBS Has Eight Non-QMs / MB Launches Sports Firm, Reveals Mortgage Earnings / Ellie Mae is Worth What? / FHFA Has a New Watchdog, Finally / Distressed RE Fund Raises a Bundle October 29, 2014 Brandon Ivey, Paul Muolo, and Charles Wisniowski Pacific Union Financial took in $100 million of profits. It’s not every day that a privately held nonbank tells the world what it’s earning…Read More
What’s Going On? Consumers Are Complaining a Lot Less About Mortgages October 28, 2014 Thomas Ressler Total mortgage complaints have been trending downward since they peaked at 15,239 in the first quarter of 2013. Read More
Quick Turn-Time on Latest Jumbo MBS from Two Harbors October 28, 2014 Brandon Ivey DBRS said one of the strengths of the new jumbo deal is its traditional lifetime representations and warranties.Read More
Warehouse Lenders See an Increase in Outstandings; Credit for Non-QM Loans? October 28, 2014 Paul Muolo Another positive for the production market is a new willingness on the part of certain warehouse banks to finance the production of non-QM loans.Read More
Short Takes: Lower Rates Affecting M&A? / Gain-on-Sale Not So Bad / FHA May Penalize Lenders on Re-certifications / JPM and Non-QMs? / Nonbanks Love Ginnie, but is the Feeling Mutual? October 28, 2014 George Brooks and Paul Muolo Is the investment banking arm of JPMorgan Chase sniffing around the non-QM space? It sounds crazy, we know...Read More
MBS Investments by Credit Unions on the Wane October 27, 2014 With certain exceptions, credit unions invest almost exclusively in agency product, avoiding jumbo securities.Read More
HUD to Let Property-Flipping Waiver Lapse October 27, 2014 George Brooks HUD believes the program’s initial objectives have been attained and that prudence and vigilance are again called for to prevent abuses.Read More
Fannie Shareholders (Pre-Conservatorship) will Reap $170 Million from Settlement October 27, 2014 Charles Wisniowski The investor-plaintiffs claim that Fannie and two of the company’s former executives made false and misleading statements about the mortgage giant’s internal controls and its exposure to subprime.Read More
Plenty of Investors are Eyeing Non-Agency Space, Even PIMCO October 27, 2014 Paul Muolo For a bond investor such as PIMCO, the attraction should not come as a total surprise.Read More