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Will Citadel’s New Second Lien Spur Similar Offerings by ‘A’ Paper Nonbanks?

June 9, 2015
Paul Muolo
Calls to nonbanks from Inside Mortgage Finance revealed a great deal of interest in the Citadel product...
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Slightly Tighter Underwriting on Latest Jumbo MBS from WinWater

June 9, 2015
Brandon Ivey
Caliber Home Loans is the top contributor to the pending MBS from WinWater with a 10.2 percent share of originations...
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More Executive Departures at Nationstar?

June 9, 2015
Paul Muolo
One official described the situation: “Just more house cleaning now that Harold [Lewis] is gone. Most of the senior people leaving were his supporters.”
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Short Takes: RoundPoint Sale Update / MSR Prices Firm Up / More on that Departing Nationstar Executive / Morningstar Joins the Jumbo Party / A New CEO for Auction.com

June 9, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
One of the departing executives at Nationstar Mortgage used to work at JPMorgan Chase, Fannie Mae and Macquarie Bank…
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Commercial Banks Continue Their Retreat From Owning Servicing Rights

June 8, 2015
John Bancroft
Compared to a year ago, bank mortgage servicing for others – nearly all of which is connected to MBS – was down 6.1 percent.
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CFPB Nails Another Lender for LO Compensation Violations

June 8, 2015
Paul Muolo
The regulator said Guarantee – which is in the process of liquidating – paid its LOs, in part, based on the interest rate of the loans they were bringing in.
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Harvard Researchers Say Policymakers Should ‘Embrace’ Nonbanks

June 8, 2015
Brandon Ivey
They called on policymakers to “embrace” nonbanks and address unintended regulatory impacts that are seen as driving banks out of portions of the mortgage market.
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Nation’s Largest ‘Private Money’ Servicer Sees Contracts Rise to $3.7 Billion

June 8, 2015
Paul Muolo
FCI’s clients include private money lenders, hedge funds, investment companies and others.
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Short Takes: Home-Equity Layoffs at BofA / BofA, Number Two in Seconds / Ditech Continues to Hire / Another GSE PSPA Lawsuit / HUD Goes to USC

June 8, 2015
Carisa Chappell and Paul Muolo
According to exclusive figures compiled by Inside Mortgage Finance, BofA is the second largest player in second liens at $139.1 billion in holdings.
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MBA’s Stevens Criticizes CFPB’s ‘Regulate by Enforcement’ Approach

June 8, 2015
Paul Muolo
A statement issued by MBA president David Stevens does not comment on the merits of the two cases but blames the CFPB for issuing LO comp rules that are not clear.
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