Short Takes: A Record Non-QM Quarter for Angel Oak / $9.7B Under Management / Good News for FHFA, Bad News for HUD / Filling the Holes / Take Our Servicing Trivia Test April 16, 2019 Paul Muolo A record production quarter for Angel Oak...Read More
Deephaven Preps its Second Nonprime MBS of the Year April 16, 2019 Brandon Ivey Some 98 lenders contributed mortgages to the $369.73 million nonprime MBS, though only one was identified by rating services.Read More
Residential Lending at Citi Drops 13% in 1Q19 April 15, 2019 Among all originators, Citi ranks 22nd overall...Read More
Wells Fargo's First Quarter Results Suggest Mortgage Apps are Now Booming April 12, 2019 Paul Muolo Wells' results also suggest that better days are ahead for originators everywhere...Read More
What We’re Hearing: Good Luck Mr. Calabria / So What’s First on the List? / Digital Mortgages, the Great Mortgage Employment Reducer? / About that 25 BPs LLPA Charge from Fannie Mae / Op-Ed by Caliber CEO Das Sets Tongues Wagging April 12, 2019 Paul Muolo A new op-ed from Caliber Home Loans CEO Sanjiv Das has people talking, and not necessarily in a good way...Read More
PIMCO Issuing Non-Agency MBS Backed by Seasoned Mortgages April 11, 2019 Brandon Ivey It was rumored that PIMCO was considering issuing non-agency MBS backed by nonprime non-qualified mortgages but loans in the pending deal have seasoned for a number of years and the borrowers have prime credit...Read More
Lenders Fear Expanded HMDA Reporting Could Lead to More Scrutiny April 9, 2019 Yemeng Yang More data = more scrutiny?Read More
Non-QM Production Up 40% at Citadel April 8, 2019 Paul Muolo Citadel could break the $3.0 billion mark in non-QM servicing by the end of May…Read More
Servicing Sales Should Remain Strong. However… April 8, 2019 Brandon Ivey With interest rates declining of late, MSR sellers could rethink their strategies…Read More
Mortgage Employment Continues to Lag. But Is a Turnaround in the Works? April 8, 2019 Paul Muolo As industry consultant Paul Hindman noted: “The dramatic swing in mortgage interest rates changed the game big time."Read More
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