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October 22, 2014

Wells’ Sale of $39 Billion in MSRs to Ocwen Imperiled; A $14 Stock?

By Paul Muolo

Ocwen said it has fixed the "back-dating" problem but it may be too late for the company.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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