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Nationstar Reveals Ouster of Xome CEO; Analyst Trims Price Target, Stock Falls…

December 1, 2015
Paul Muolo
As part of his departure package, Raman will receive $600,000 in cash severance payments, payable over 52 weeks, but is walking away from unvested stock appreciation rights.
Read More

Loan Mod Activity Slowing, Servicers Focusing on Areas with High Unemployment, Affordability Issues

December 1, 2015
Brandon Ivey
Hope Now said 75,969 foreclosure sales were completed in the third quarter of 2015, a 15.0 percent sequential decline and down 30.8 percent compared to 3Q14
Read More

SFR Manager HomeUnion Enters the Brokering Game; GSE Loans on the Menu

December 1, 2015
Sherry Muolo
HomeUnion Lending is licensed to operate in Alabama, Florida, Indiana, Iowa, and Oklahoma, but plans on expanding its reach to 16 more states by the end of March 2016.
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Short Takes: Xome Isn’t Exactly Uber / Investors Unite Cancels Miami Rally / MBA Wants Seat at Risk-Share Table / New Investor Loan from AOMS /New Hires for Pacific Union

December 1, 2015
Carisa Chappell, Paul Muolo, and Sherry Muolo
Xome isn't exactly Uber, said one Nationstar critic...
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FHA Loan Production Soars; Quicken Dominates Again

November 30, 2015
George Brooks
Quicken Loans once again led the pack in FHA production, funding $3.77 billion in 3Q15, giving the nonbank a market share of 5.14 percent.
Read More

Skyline CEO: Look for More Mortgage Lenders to Offer Personal Loans

November 30, 2015
Paul Muolo
Dallas also sized the comfort level on personal loans, saying the loan amounts would probably be in the range of $10,000 to $35,000.
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BKFS: Home Prices Up 5.5 Percent for the Year

November 30, 2015
Sherry Muolo
According to Black Knight’s home price index (HPI), the average home value is now $253,000, which is still lower than the June 2006 peak of $268,000.
Read More

HUD OIG Issues Alert Regarding Use of Inflated Appraisals in HECM Refis

November 30, 2015
George Brooks
The HUD IG said it has investigated a number of HECM lenders suspected of using inflated appraisals in refinance transactions.
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MBS Investors Call for Feds to Set Minimum Standards for Non-Agency MBS

November 30, 2015
Brandon Ivey
Monique Rollins, deputy assistant secretary for the Treasury Department’s Office of Capital Markets, said the Treasury supports industry-driven efforts.
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Short Takes: Two is the Loneliest (FHA) Number / Three Banks Out of 20 / If You’re Funding $1 Billion or More, Time to Hire an Attorney? / Cross-Selling Under Fire?

November 30, 2015
Paul Muolo
At one point should a mortgage originator hire a full-time attorney to oversee compliance?
Read More
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