Short Takes: Subprime Lender Expands Into NC / Altisource Hopes to Repurchase Stock / Invitation Sells Homes in Bulk to… / New Applications Just About Flat / Wells’ Mortgage Chief Heid to Retire / Legal Costs for VA Foreclosures August 12, 2015 George Brooks and Paul Muolo This just in: Wells Fargo mortgage chief Mike Heid to step down...Read More
First Tennessee Shows Strong Growth in Warehouse Unit August 11, 2015 Paul Muolo First Tennessee has 172 warehouse customers, compared to 160 a year ago.Read More
Settlement Monitor Cites Ocwen for Another Failed Metric, But Offers Praise Too August 11, 2015 Brandon Ivey Meanwhile, Ocwen has been shifting as many of its servicing workers overseas as possible... Read More
Sale of RoundPoint to PIMCO Appears to be Dead – Again August 11, 2015 Paul Muolo Both parties, to date, have declined to discuss the situation.Read More
VA Securitization Gains in 2Q, but FHA Really Takes Off August 11, 2015 George Brooks Meanwhile, $69.1 billion in FHA purchase and refi loans were securitized in 2Q, a whopping 93.9 percent sequential gain.Read More
Five Oaks Takes Loss, Hopes to Issue Another Jumbo MBS in September August 11, 2015 Brandon Ivey Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.Read More
Short Takes: Blackstone Finally Admits, Yes We’ve Been Buying Some Mortgage Companies / Who is Brian Libman? / Cherry Hill Joins an FHLB / Sistar Mortgage is Hiring / MCT Lands CMG Official August 11, 2015 Paul Muolo The Blackstone Group has finally lifted the 'cone of silence' on its acquisition of mortgage lenders. But will it disclose origination figures?Read More
Jumbo Originations Surge; Fierce Competition on Pricing, More August 10, 2015 Brandon Ivey A number of lenders, including Wells Fargo, offer jumbos that allow for downpayments of about 10 percent. Read More
Walter Posts $38.1 Million Loss; Large Impairment Charge From Reverses August 10, 2015 Paul Muolo Walter, the parent of Green Tree Servicing, also marked up the fair value of its servicing portfolio by $59.3 million.Read More
Nonbank Lender loanDepot Rolls Out a Suite of Second Lien Products August 10, 2015 Paul Muolo In general, most nonbanks exited the second lien arena in the wake of the financial crisis.Read More
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