MIAC Hits the Street with a GSE/Ginnie Mae MSR Auction October 6, 2016 Paul Muolo The MSR package has a heavy West Coast concentration, MIAC said.Read More
They’re Back: Cash-out Refis October 6, 2016 Brandon Ivey Cash-out refis are propping up the refi market, said one analyst.Read More
Fairholme Says GSE Document ‘Floodgate’ About to Open; At Stake: $2.4 Billion of Fannie/Freddie Jr. Preferred October 6, 2016 Paul Muolo In a letter to its shareholders, Fairholme called the GSEs “two of the best businesses ever owned by the funds.”Read More
GSE Purchase Business Hit Post-Crash High in 3Q16 October 6, 2016 John Bancroft Freddie Mac’s third-quarter MBS business was up 36.0 percent from the previous period, thanks to a whopping 43.6 percent jump in purchase-mortgage business…Read More
Short Takes: Another Year, Another Issuance Record for Ginnie / 3Q16 Looks Like a Blowout Quarter / KB Will Take a Financial Hit on NSM JV / Redwood Readies New Jumbo MBS / New Chief for Appraisal Organization October 5, 2016 Paul Muolo and Brandon Ivey A blowout 3Q16 for residential originations and MBS issuance? Read More
The State of Mortgage Servicing Sales: ‘Hand to Hand Combat’? October 5, 2016 Paul Muolo Through the first six months of 2016, $78.5 billion in bulk rights have changed hands, compared to $253.1 billion in 2015…Read More
TRID Compliance Reviews So Far Have been ‘Diagnostic’ in Nature October 5, 2016 Thomas Ressler One attorney noted that in his opinion state regulators are still learning the rule…Read More
‘Service Levels’ Prompted KB Home to Switch Lender Partnership from Nationstar to Stearns October 5, 2016 Brandon Ivey KB Homes CEO Jeff Mezger said Stearns’ lending platform is far more efficient than Nationstar’s…Read More
Three Investors Win Bid for $963 Million of Freddie Mac NPLs; Loans Serviced by Wells and Ditech October 5, 2016 Paul Muolo Roughly 48 percent of the loans were previously modified and then became delinquent again.Read More
Judge’s Ruling in GSE Shareholder Case Finds No Reason to Keep Government Docs Hidden October 5, 2016 Carisa Chappell Fairholme, which won this round, controls roughly $2.4 billion of GSE junior preferred…Read More
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