Short Takes: MGIC Increases Business by 45 Percent / More Foreclosure Reviews Coming? / Are MBS REITs Toxic? / Application Decline Not So Bad / Uncle Continues to Milk GSE Earnings July 24, 2013 Paul Muolo Not only have Fannie Mae and Freddie Mac staged a comeback, but so has MGIC. The MI giant finally turned a profit and sees better days ahead.Read More
Thanks to Higher Rates, Mortgage IPOs Could Prove More Difficult July 23, 2013 Paul Muolo The easy money may be over for mortgage IPOs, but that doesn't mean deals won't get done.Read More
Specialty Servicer Statebridge Gets Cash Investment to Grow Platform July 23, 2013 Paul Muolo Statebridge, which was founded in late 2008, is looking to grow its subservicing platform. The company is licensed in all 50 states.Read More
Short Takes: Skyline Looking for Loan Officers / Highlands Residential Has Applications Pending in Several States / Freddie Mum on Risk-Sharing MBS Deal / Quicken Continues to Push HARP / Democrats Call Hensarling Bill PATH to Nowhere July 23, 2013 Brandon Ivey, Paul Muolo, and Charles Wisniowski The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.Read More
As Rates Rise, Banks Boost MSR Valuations But Are the Marks Too Aggressive? July 22, 2013 Paul Muolo The higher MSR values are not surprising, but the level of these increases have some mortgage professionals scratching their heads.Read More
Fannie Cuts Origination Forecast for 2013 and 2014 July 22, 2013 Paul Muolo Purchase money lending will increase in 2014 but overall originations could swoon, according to a revised forecast from Fannie Mae.Read More
Wells, BofA, and Citigroup Trim Mortgage Workers, More on the Way? July 22, 2013 Paul Muolo Some of the nation's largest home lenders are beginning to cut mortgage workers as refinancing applications swoon. Read More
Short Takes: Higher Rates Good for Nonprime / Denali CU Keeps its Mortgage Powder Dry / HUD Goes Dark for a Day / The General Public Hates Fannie, Freddie / Congress, Hot Weather and Housing Issues July 22, 2013 George Brooks, Paul Muolo, and Charles Wisniowski Loan applications are strong at Citadel, a newly launched nonprime lender. HUD goes on furlough for a day.Read More
Securitization of Re-Performing Residential Mortgages Gaining Traction July 19, 2013 Paul Muolo Not only are nonperforming residential mortgages being placed into new securities, but so are re-performing loans.Read More
Flagstar Job Loss Could Top 300, Large MSR Sale in the Works July 18, 2013 Paul Muolo Flagstar hopes to unload $30 billion in residential servicing rights, but is contemplating selling even more in the way of MSRs.Read More