VA Loan Production on a Tear in 4Q, But Agency Light on Details February 19, 2015 George Brooks John Bell, assistant director for loan policy at the VA Home Loan Guaranty Service, said VA streamline refinancings rose 18 percent year over year...Read More
Applications Drop by Double Digits; Suddenly, Some Nervousness on Rates February 18, 2015 Paul Muolo Warehouse lending executives interviewed by IMFnews the past week are reporting healthy usage rates from their nonbank clients...Read More
Ocwen Sees Favorable Movement in Battle with BlueMountain as HLSS Enters Agreement with Trustee February 18, 2015 Brandon Ivey Analysts believe BlueMountain’s play is to ultimately drive down Ocwen’s share price and clean up on its short positions.Read More
Short Takes: Would You Buy Ocwen Now? / MIAC Offering MSRs / Sindeo Secures Investment / Fannie Rolling Out New Version of DU / Clayton Hires Former Subprime Executive February 18, 2015 Paul Muolo and Brandon Ivey Ocwen’s massive servicing portfolio (roughly $377 billion in UPB) is worth more than the entire market capitalization rate of the company...Read More
GSE MBS Issuance Down in January as Refis Sputtered February 18, 2015 John Bancroft Freddie Mac actually increased its monthly volume by 7.3 percent from December levels, but Fannie Mae’s production fell 15.6 percent.Read More
PHH Posts a Loss, Declining Revenue and Lower Originations; The Merrill Contract? February 18, 2015 Paul Muolo Analysts who follow the company are keenly aware that the Merrill contract accounts for 29 percent of PHH’s annual production.Read More
Final GSE Multifamily Tally: $56.9 Billion February 18, 2015 Thomas Ressler Over the past few years there has been some debate about the role Fannie and Freddie play in the multifamily sector with GSE critics pushing for the two to scale back their involvement.Read More
Freedom Mortgage Close to Meeting Hiring Goal; May Hire Even More February 17, 2015 Paul Muolo Among originators, Freedom Mortgage ranks 10th. In 2014 it funded $23.63 billion, a 48 percent gain from the year prior.Read More
A $1.3 Trillion Year for Originations? February 17, 2015 Paul Muolo Compass Point hiked its purchase money estimate to $819 billion from $787 billion.Read More
Short Takes: Mortgage Lawyers Raking in the (Compliance) Dough / What’s With all the 13-Gs? / Ocwen’s Stock on a Tear. What? / Obama Gives a Shout-Out to Nationstar / A New Hire for Auction.com February 17, 2015 Paul Muolo and Brandon Ivey Ocwen’s share price has almost doubled! How’s that? Well...Read More
RSS