Ocwen Affiliate Altisource Exits Force-Placed; Stock Gets Crushed November 12, 2014 Paul Muolo As IMFnews went to press, the share price of Altisource was getting slammed, down 20 percent on the day.Read More
Short Takes: Subprime Vet Jon Daurio Back in Biz? / Don’t Get Drunk on the Lawsky ‘News’ / Can the GOP ‘Fix’ the CFPB? / Nationstar Disappoints Some / Gateway Hires BB&T Mortgage Official November 12, 2014 Paul Muolo Will former Long Beach Mortgage executive Jon Daurio finally launch a new nonprime venture?Read More
CFPB on Servicer Exams: Compliance is Mixed November 12, 2014 Thomas Ressler On the other hand, examiners cited violations based on policies and procedures reviewed at other servicers. Read More
Mortgage Brokers Nervous About Provident Cutting Back on Table Funding November 12, 2014 Paul Muolo To date, Provident Funding has declined to clarify the situation.Read More
Moody’s Forecasts ‘Stable’ HFA Outlook for Second Consecutive Year November 12, 2014 Charles Wisniowski HFA portfolio performance continues to strengthen, which will bolster future interest income.Read More
Two Harbors the Latest to Unveil a Non-Prime Mortgage November 12, 2014 Brandon Ivey “It has been clear to us for some time that the market has a need for products like this," said Two Harbors executive William Roth.Read More
Lenders Express Deep Concerns About Additional Reporting Under HMDA November 11, 2014 Thomas Ressler Lenders are fearful the HMDA proposal does not adequately ensure consumer privacy and that additional costs will be passed onto borrowers.Read More
Short Takes: HUD and DOJ Trouble for PrimeLending? / Such Legal Matters are Unpredictable / The Lawsky Effect: Nice Gain for Ocwen’s Stock / Good Riddance? / Thanks for the Stock, But… November 11, 2014 Paul Muolo Are investors in Ocwen jumping for joy now that word is out that NYDFS chief Benjamin Lawsky might be leaving next year?Read More
NYDFS on the Lawsky ‘Leaving’ Rumors: He Loves His Job November 11, 2014 Paul Muolo Stock analysts have claimed that Lawsky has been aggressively investigating Ocwen so he can make headlines, paving the way for an eventual run for public office. Read More
JPMorgan Chase: The Non-Agency MBS King November 11, 2014 Brandon Ivey Total non-agency MBS held by banks and thrifts in the second quarter of 2014 fell 9.5 percent compared to 2Q13, largely driven by runoff.Read More