Management Shakeup As Impac Swings to Loss
Earnings swung to a loss at Impac Mortgage Holdings Inc., and the company's chief is out. Retail lending led a plunge in originations even as non-QM business soared. Correspondent lending declined.
Over $1 Billion in Non-Performing GSE Loans Sold
Winning bids have been announced for a pool of more than $1 billion in government-sponsored enterprise residential loans that are not performing.
Offering of MSRs On Over $6 Billion in GSE Loans
An offering of mortgage-servicing rights on more than $6 billion in government-sponsored enterprise loans with a California concentration has just hit the market.
Huge Reperforming GSE Loan Offering
Nearly $2 billion in residential loans that were previously classified as delinquent are being offered for sale to the highest bidder.
Home Lenders More Restrictive Last Month
The ability for prospective borrowers to qualify for a single-family loan was more elusive last month, and jumbo credit tightening led the contraction.
HUD Selling Vacant Property Loans
More than $100 million in formerly government-insured mortgages secured by the vacant properties of deceased borrowers are being auctioned.
Nationstar Mortgage Originations Holding Up
Quarterly loan originations are holding up at Nationstar Mortgage Holdings Inc., and signs point to more of the same. Servicing, however, was down.
24-Month Low for Ginnie MBS Issuance
Ginnie Mae mortgage securitizations tumbled to the slowest pace in 24 months, dragging down overall monthly agency issuance also to a 2-year low.
Retail, Reverse Overcome Lending Slump at Ocwen
Total mortgage originations weakened last year at Ocwen Financial Corp. But retail lending and reverse mortgage production both significantly increased. Also improving was delinquency. Correspondent lending slowed.
MSRs on Over $700 Million in Loans For Sale
Bids are being solicited for mortgage servicing rights on more than $700 million in agency home loans with a three-state concentration.