Retail Channel Gains Market Share in the Agency Category October 8, 2019 John Bancroft The gain in retail market share came at the expense of both correspondent and wholesale-broker originations.Read More
RMF to Issue Non-Agency MBS Backed by Newly-Originated Reverse Mortgages October 4, 2019 Brandon Ivey The MBS from Reverse Mortgage Funding will be the first post-crisis deal backed by newly-originated proprietary reverse mortgages.Read More
Spurred by Refis, Agency MBS Issuance Climbs to 11-Year High October 3, 2019 John Bancroft The biggest growth in the agency mortgage market during the third quarter of 2019 came from increases in refinance lending… Read More
Another Big Month for Ginnie MBS Issuance October 2, 2019 John Bancroft Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…Read More
Ditech Completes Sale of Reverse Mortgage Solutions to MAM LLC October 1, 2019 Paul Muolo Ditech, in the coming days, expects to close on its previously announced asset sale to New Residential Investment Corp. The REIT is scheduled to purchase most of the nonbank’s servicing portfolio and what’s left of its origination platform.Read More
Short Takes: Blunt Advice on LOs: Move Up or Move Out / Saved by Rates Again? / Prestwick Offers Bulk MSR Package / A Decade at Long & Foster / FHFA Settles with Watt’s Accuser September 30, 2019 Paul Muolo and Dennis Hollier Although origination volumes appear to be strong these days, some mortgage executives are already worrying about what might happen next year...Read More
Senate Panel Asks HUD to Study Ginnie’s Dependence on Contractors September 30, 2019 George Brooks The Senate panel believes such a study is crucial before Ginnie develops a plan to fill gaps in hiring and retention. Read More
Short Takes: Judging GSE Pilot Programs / Freddie Mum on the Exact Size / Warehousers Have Entered the Sector / Significant Changes at FHA Unlikely / Pointillist? September 26, 2019 Paul Muolo Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. Read More
Reverse Mortgages Under the CFPB Spotlight Due to APR Issues September 26, 2019 Yemeng Yang The new CFPB report covers findings from examinations completed between December 2018 and March 2019. Read More
Servicing Tied to MBS Up in 2Q19. Bank Portfolios Grow September 26, 2019 John Bancroft Combined, Fannie Mae, Freddie Mac and Ginnie Mae accounted for 63.0% of total home mortgage debt outstanding at the end of June. Read More