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Hatteras Reveals Purchase Price on Pingora; Will Invest Up to $500 Million in MSRs

July 22, 2015
Brandon Ivey
MSRs purchased by Hatteras will be held at Pingora Loan Servicing with the "excess" receivables going to the parent company due tax benefits enjoyed by REITs.
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It’s Official: CFPB Finalizes New TRID Effective Date of October 3

July 22, 2015
Thomas Ressler
Many mortgage lenders continue to press the bureau – or failing that, Congress – to formally provide an extended “hold harmless” enforcement period...
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The Battle Continues Over Extending the 10-Basis-Point G-Fee ‘Tax’

July 22, 2015
Paul Muolo
It appears that Democrats just won't give up on trying to tap guaranty fee revenue.
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Mortgage Applications Rise Ever So Slightly

July 22, 2015
Sherry Muolo
Some originators continue to offer mortgages at rates of under 4.0 percent, depending on the loan amount and points charged.
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Short Takes: Originations to Foreign Nationals Booming? / A Profit and LPMI Figures from Radian / Things Looking up at Ocwen? / An MPF First

July 22, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Who says the future looks bleak for Ocwen Financial? Not Sterne Agee CRT...
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GSE Servicing Continues to ‘Deconsolidate’

July 21, 2015
John Bancroft
Inside the GSEs found that Freddie’s business was more concentrated than Fannie’s...
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Securitization of Nonperforming Mortgages Begins to Take Root

July 21, 2015
Brandon Ivey
Through June 30, issuance of non-agency MBS backed by NPLs and RPLs equaled the volume that analysts at BAML had predicted for the entire year.
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Phoenix Selling $1 Billion Ginnie Mae MSR Portfolio

July 21, 2015
Paul Muolo
The loans are being serviced in-house by the seller on a Black Knight servicing system.
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Fitch Changes ‘Outlook’ Rating on RoundPoint to Negative, Citing ‘Corporate Restructuring’

July 21, 2015
Paul Muolo
To date, RoundPoint has declined to discuss the sale process or much of anything else with the media.
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Celebrities, in Theory, Can be Good Mortgagors

July 21, 2015
Sherry Muolo
Of course, just because some actors earn millions each year doesn’t mean they’re good at holding onto what they bring home...
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