Mid America buys $2.7 billion in Ginnie MSRs

PennyMac Financial Services, Inc. Reports First Quarter 2019. – PennyMac Financial Services, Inc. (PFSI) today reported net income of $46.1 million for the first quarter of 2019, or $0.58 per share on a diluted basis, on revenue of $247.7 million. Book value per share increased to $21.72 from $21.34 at December 31, 2018. First Quarter 2019 Highlights Servicing.

On Monday, Bank of America Corporation announced a settlement with Fannie Mae worth about $10.3 billion. BofA’s Settlement with Fannie Mae – January 8, 2013 – Zacks.com

Non-QM loans bend underwriting less than subprime did: DBRS Lenders optimistic about their business after glum winter: Fannie Mae Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans. Fannie Mae is committed to preventing mortgage fraud in both Short Sale and REO properties.

MGIC Investment Corporation (MTG) – Yes No State the aggregate market value of the voting common stock held by non-affiliates of the Registrant as of June 30, 2018: Approximately $3.9 billion* * Solely for purposes of computing such.

A flattening yield curve is not a threat to mortgage insurers Why is the yield curve flattening today? Recently, we’ve seen the yield curve flatten. This summer, the difference between the yield on a short-term 2 Year Treasury note and a long-term 10 Year Treasury note has been as low as 25 basis points. This is the lowest we have seen since early 2007. It’s not yet inverted, but it’s getting closer.

Out of Texas comes news that Mid America Mortgage, Inc. has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes several delinquent VA- and.

In March, the company said it was selling a $25 billion MSR portfolio to Nationstar Mortgage , just over a month after agreeing to sell another $9.8 billion portfolio of agency servicing to.

ADDISON, Texas, Sept. 8, 2016 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced the firm will begin purchasing delinquent fha loans as part of its whole loan purchase program. To be eligible for purchase, loans must have an active mortgage insurance certificate, and the original terms of the note must remain unmodified.

Ocwen Financial (ocn) unit completes rescap asset Acquisitions.. $38.5 billion in Ginnie Mae MSRs, $42.1 billion in master servicing MSRs, $25.9 billion in subservicing contracts, $1.5 billion.

HUD board suspends Pennsylvania lender’s FHA approvals

Third quarter 2017 highlights [1] Excludes changes in the fair value of MSRs, the ESS liability. and a provision for credit losses on active loans of $(2.7) million in the third quarter of 2017..

Direct lending locks totaled $2.7 billion in UPB, up 36% from the prior quarter and 57% from the first quarter of 2018. And finally, correspondent conventional loan acquisition volume totaled .1 billion in UPB, down 10% from the prior quarter and up 92% from the first quarter of 2018.

Higher oil prices and increased output helped BP quadruple its second-quarter profit from a year earlier as the oil major finally shakes off the after-effects of 2010’s Deepwater Horizon spill and.

New-home sales dropped in July after solid first-half run Wednesday, April 17 – Appeal hearings complete The shoreline permit appeal hearings began on the 15th and were concluded today. The contesting party was heard on Monday. Tuesday, for Snohomish County, the senior planner and the road project manager.Home prices in 20 U.S. cities cool with smallest gain since 2012 Home Prices in 20 U.S. Cities Cool With Smallest Gain Since 2012 Bloomberg – Reade Pickert Home prices in 20 U.S. cities rose in February at the slowest pace since 2012, decelerating for an 11th straight month, as sellers continue to make.

Mid America Buys $2.7 Billion in Ginnie MSRs (Pick-up of NMN coverage) MBA newslink: 5/4/2017: mid america Buys $2.7 Billion in Ginnie MSRs (Pick-up of NMN coverage) NationalMortgageNews.com: 5/3/2017: Mid America buys $2.7 billion in Ginnie MSRs: National Mortgage News Servicing Bulletin: 5/3/2017: Mid America buys $2.7 billion in Ginnie MSRs