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Realtors Continue the Drumbeat: Mortgage Credit is Too Restrictive

April 22, 2015
Thomas Ressler
Then there was Bert Ely who noted: "In my opinion, American housing policy is leading the country down the same path that led to the last housing bubble..."
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Redwood’s Latest Jumbo MBS Includes Highest Share Yet of Non-QMs

April 22, 2015
Brandon Ivey
Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share.
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Interactive Mortgage Advisors Unveils Two New MSR Deals

April 22, 2015
Paul Muolo
On IMA’s other deal, the brokerage firm is offering $100 million per month of Fannie Mae/Freddie Mac “flow” product.
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Wall Street’s Return to Mortgage Lending: Blackstone Buys a Residential Lender

April 22, 2015
Paul Muolo
Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?
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Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer

April 22, 2015
Brandon Ivey and Paul Muolo
It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.
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Hoping and Praying that the CFPB Goes ‘Soft’ on TRID

April 21, 2015
Thomas Ressler
A period with protection against liability would allow the CFPB to evaluate any unforeseen issues stemming from TRID.
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Are ‘Fast Servicers’ Impacting the TBA market? Nonbanks a Factor?

April 21, 2015
Brandon Ivey
The Federal Reserve is seen as taking the brunt of nonbank servicer-induced prepayment risk on agency MBS.
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Cherry Hill Receives $25 Million Loan to Obtain Leverage on Excess Servicing

April 21, 2015
Brandon Ivey
Earlier this year Cherry Hill agreed to buy Aurora Financial Group and its $700 million servicing portfolio for $4 million. Included in the purchase was Aurora’s agency approvals.
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Glen Messina, PHH’s $7.4 Million CEO

April 21, 2015
Paul Muolo
for 2014, Messina's compensation package included a base salary of $930,436, stock awards of $2.3 million and $4.1 million in “non-equity incentive” pay.
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Bank Sells $2 Billion Bond to a GSE in Deal Assisted by MIAC

April 21, 2015
Paul Muolo
The sale actually closed at yearend, although it was revealed in a press statement dated April 21.
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