While Conventional Lenders Slip, Angel Oak and Citadel Excel February 8, 2019 Paul Muolo In comparison, Wells Fargo, JPMorgan Chase and Quicken Loans posted volume declines of 17.1%, 19.3% and 3.0%, respectively…Read More
BlackRock’s Stake in Ocwen Financial: 6.3%. Meaning? February 7, 2019 Paul Muolo Ocwen would like to buy mortgage servicing rights once again, but…Read More
Quick Turn Time for Prolific Lone Star on New MBS February 6, 2019 Brandon Ivey Mortgages in the MBS have an average credit score of 720…Read More
Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke February 6, 2019 Paul Muolo and Brandon Ivey Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...Read More
A Banner Year for Angel Oak, Firm Doubles Non-QM Production February 5, 2019 Paul Muolo Angel Oak Managing Partner Michael Fierman: “We continue to see great potential for this market…”Read More
Short Takes: Deephaven Interest / Don’t Worry About the ‘GSE Patch’ / Simmering Down a Bit: GSE Common / Carl Icahn? / Job Openings at Quicken Loans / Caliber Hires Stearns Executive Hecht / A Promotion for Riskey February 5, 2019 Paul Muolo and Dennis Hollier A mortgage slowdown? Not everywhere: Quicken Loans says it has more than 700 job openings…Read More
As More Lenders Enter Non-QM Space, Underwriting Tightens (So Far) February 4, 2019 Brandon Ivey For expanded-credit MBS issuance in all of 2017 and 2018, the average credit score was 714.9.Read More
Short Takes: Home Point Takes a Dive into the Non-QM Market / #28 Overall / Redwood Selling Additional Shares / Relationships / Not So Fast on that Title Deal February 4, 2019 Paul Muolo Another 'A' paper lender is jumping into the non-QM pool.: Home Point...Read More
Seer Readies Non-QM MBS, No Word Yet on Deal Size January 29, 2019 Brandon Ivey Seer Capital Management has bought controlling interests in asset origination firms in both the U.S. and Europe…Read More
Short Takes: Is the Party Over for GSE Common? / A Bubble Bursting on Shareholders / The King of MSR Buys: New Residential / Cleveland Rocks (for New Home Owners), Pittsburgh and OKC Too / Freddie Gets New Chairperson January 29, 2019 Paul Muolo New Rez’s MSR haul: $50.9 billion of agency product...Read More
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