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Inside Mortgage Finance
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Doesn’t Sound Like Fannie Mae Will Offer its Automated Underwriting System for Free

May 28, 2015
Paul Muolo
It stands to reason that by waiving the charge that Freddie might take in less revenue, but a GSE spokesman said as a financial matter, “it’s not material.”
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As Ocwen Shuts Houston Platform, Hiring in India (Overseas) Booms

May 28, 2015
Paul Muolo
In total, almost 72 percent of all Ocwen employees are domiciled overseas where labor costs are much cheaper.
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FHFA Ready to Hike Conforming Loan Limits?

May 28, 2015
Brandon Ivey
The regulator said it plans to use its “expanded data” house price index to determine adjustments for conforming loan limits.
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Brokers Continue ‘Comeback,’ Post Highest Market Share Reading Since 2010

May 28, 2015
John Bancroft
Mortgage brokers facilitated an estimated $39.0 billion of home mortgages during the first three months of 2015...
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Black Knight Nets Nearly $480 Million on IPO, Plans to Expand in Mortgage Services

May 27, 2015
Brandon Ivey
Black Knight plans to expand its offerings to existing clients, gain new clients, introduce new products and selectively acquire smaller vendors...
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Lone Star Funds Winning Bidder on Freddie Mac NPL Deal

May 27, 2015
Carisa Chappell
Although Freddie Mac did not disclose the exact purchase price, it said the cover bid was in "the mid 70s of UPB..."
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MountainView Selling Ginnie Mae MSR Package

May 27, 2015
Paul Muolo
According to the offering circular, the receivables are geographically dispersed with Texas accounting for the largest share at 7.2 percent.
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Short Takes: Who’s Blackstone Talking to Now? / Carrington Offering Low FICO Score Loan Thru Brokers / The Return of American Home’s Michael Strauss? / HUD IG Cites NTFN

May 27, 2015
Paul Muolo and George Brooks
We understand that American Home Mortgage founder and chief executive Michael Strauss may be launching a new nonprime lender...
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California Has a Huge Gain in GSE Business: Up Almost 70 Percent

May 27, 2015
John Bancroft
Texas and Florida, the second- and third-largest sources of GSE business, both saw solid gains from a year ago...
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Warehouse Market Heats Up – Thanks to Refis and Market Surge by Nonbanks

May 27, 2015
Paul Muolo
Moreover, 12 of the top 20 originators are now nonbanks, all of which rely heavily on commercial banks for warehouse credit
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