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Short Takes: Dead Silence on GSE Reform / EverBank Dumps More MSRs / Brian Libman’s Work History / The Ocwen Watch

April 29, 2015
Paul Muolo and Thomas Ressler
Nationstar will take title to $6.7 billion of Fannie Mae, Freddie Mac and private investor product owned by EverBank...
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Residential Production Rises Almost 10 Percent at Flagstar; Nice Gain-on-Sale Improvement

April 28, 2015
Paul Muolo
More than half of Flagstar's servicing portfolio consists of subservicing contracts.
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More Signs of a Comeback for Loan Brokers: Market Share at 12.9 Percent

April 28, 2015
John Bancroft
The megabanks still report broker production in their loan sales figures, but most of the activity involves seasoned loans.
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Mortgage Earnings at Home Street Rise Sharply, Expansion Continues

April 28, 2015
Brandon Ivey
HomeStreet funded $1.61 billion of new originations in the first quarter of 2015, a 21 percent improvement from the previous quarter.
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Lender-Paid Mortgage Insurance Faces Scrutiny from the GSEs, FHFA

April 28, 2015
Paul Muolo
Quicken made news earlier in the year when it heavily promoted to loan brokers a 60-hour LPMI “sale” committing coverage for $100 million in originations.
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Short Takes: Strong Demand for Mortgage Chief Operating Officers? / Lenders Without Budgets are Less Profitable / Ocwen Turned Down a Good Bid / A CEMA Tale and BofA

April 28, 2015
Paul Muolo
Recruiter Rick Glass said the thirst to hire high-caliber mortgage COOs is coming from lenders that “want to move to the next level.”
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Maybe, the GSEs’ Role in Multifamily Should be Increased, Not Decreased

April 28, 2015
Carisa Chappell
Another post-crisis trend is that the volume of Fannie’s multifamily financing had shrunk more than Freddie’s...
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Banks Report Solid Gains in Mortgage Income in 1Q15

April 27, 2015
John Bancroft
Many lenders reported the pleasant confluence of rising origination volume and stronger gain-on-sale margins.
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Why a Large Chunk of 9.3 Million Foreclosed Borrowers May Never Buy a Home Again

April 27, 2015
Brandon Ivey
Underwriting overlays established by lenders also will limit some potential borrowers from purchasing homes in the coming years.
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HUD Tells Servicers to Wait a Year on FHA Foreclosures

April 27, 2015
George Brooks
Mortgage servicers will be subject to stronger quarterly reporting requirements, including tougher penalties for non-compliance.
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