The Battle Continues Over Extending the 10-Basis-Point G-Fee ‘Tax’ July 22, 2015 Paul Muolo It appears that Democrats just won't give up on trying to tap guaranty fee revenue.Read More
Mortgage Applications Rise Ever So Slightly July 22, 2015 Sherry Muolo Some originators continue to offer mortgages at rates of under 4.0 percent, depending on the loan amount and points charged.Read More
Short Takes: Originations to Foreign Nationals Booming? / A Profit and LPMI Figures from Radian / Things Looking up at Ocwen? / An MPF First July 22, 2015 George Brooks, Brandon Ivey, and Paul Muolo Who says the future looks bleak for Ocwen Financial? Not Sterne Agee CRT...Read More
GSE Servicing Continues to ‘Deconsolidate’ July 21, 2015 John Bancroft Inside the GSEs found that Freddie’s business was more concentrated than Fannie’s...Read More
Securitization of Nonperforming Mortgages Begins to Take Root July 21, 2015 Brandon Ivey Through June 30, issuance of non-agency MBS backed by NPLs and RPLs equaled the volume that analysts at BAML had predicted for the entire year.Read More
Phoenix Selling $1 Billion Ginnie Mae MSR Portfolio July 21, 2015 Paul Muolo The loans are being serviced in-house by the seller on a Black Knight servicing system.Read More
Fitch Changes ‘Outlook’ Rating on RoundPoint to Negative, Citing ‘Corporate Restructuring’ July 21, 2015 Paul Muolo To date, RoundPoint has declined to discuss the sale process or much of anything else with the media.Read More
Celebrities, in Theory, Can be Good Mortgagors July 21, 2015 Sherry Muolo Of course, just because some actors earn millions each year doesn’t mean they’re good at holding onto what they bring home...Read More
Short Takes: Some Details on LPMI Volume and Discounting / Happy Birthday to the CFPB and Dodd-Frank? / Do Mortgage Firms Need a Chief Risk Officer? / Annaly Gets a New CEO July 21, 2015 Paul Muolo and Thomas Ressler Happy birthday to the CFPB? Well, it all depends on which side of the mortgage table you sit on...Read More
As Megabanks Retreat, Smaller Depositories Build Share in Mortgages July 20, 2015 John Bancroft The titans of the industry – the four banks with over $1 trillion in total assets – shrank their mortgage portfolios by a combined 0.5 percent over that period.Read More