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Sued by DOJ, S&P Was Top Rating Agency of Subprime MBS During Go-Go Years

February 5, 2013
Paul Muolo
Standard & Poor's, which had a huge ratings market share tied to subprime MBS, was sued by the government for negligence.
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Year of Record Profits Ends Softly as Mortgage Banking Slowed in 4Q12

February 4, 2013
John Bancroft
Mortgage bankers of all sizes continued to report strong earnings on their mortgage banking operations during the fourth quarter of 2012, but the salad days may be over.
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HLSS May Purchase MSRs From Outside Parties

February 4, 2013
Paul Muolo
HLSS may branch out and buy mortgage servicing rights from companies other than Ocwen.
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Nationstar Mortgage Eyeing Valuation/Title Purchase?

February 4, 2013
Paul Muolo
Nationstar Mortgage may purchase the valuation and title division of another company.
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Short Takes: Nationstar Closes on BofA MSRs but More to Go / Walter About to Launch Originations / Stonegate Latest to Enter Jumbo Space / Promontory Enters the Nonperforming Loan Space

February 4, 2013
Paul Muolo
Nationstar Mortgage closes on servicing deals.
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FHFA Promises GSE Risk-Sharing Bonds Will Be Issued Soon

February 4, 2013
Brandon Ivey
The FHFA is getting closer to announcing risk sharing bonds for Fannie Mae and Freddie Mac.
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The Mortgage Industry’s Gain-on-Sale Profit Boom May Be Over

February 4, 2013
Thomas Ressler
The mortgage banking industry’s record level of profitability may have peaked, as gain-on-sale margins have already begun to slip and more dark clouds appear on the horizon, according to industry analysts.
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Short Takes: More MSR Sales on the Way?

February 1, 2013
Paul Muolo
At least one top-five ranked residential servicer is planning to offer for sale a decent-sized package of mostly nonperforming servicing rights over the next month.
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FHA Mum On When New Premium Hikes Will Go Into Effect

February 1, 2013
George Brooks
HUD mid-week unveiled mortgage insurance premium hikes but is holding off on telling the industry when, exactly, the increases will go into effect.
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Nationstar Plans to Branch Out Into Title, REO, Field Services, More

February 1, 2013
Paul Muolo
Nationstar Mortgage is telling potential investors in the company that it plans to be a significant player in settlement services, REO management, processing and other areas.
Read More
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