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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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Short Takes: MBA Backs Changes at CFPB / A Strong Quarter from MGIC / The Weekend the Lights Went out at FHA / S&P Puts Ocwen on Watch List / Executive Bolts Ocwen for Green River

April 21, 2015
Paul Muolo and Thomas Ressler
The MBA is backing changes to how the CFPB functions...
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Green Tree in $63 Million Settlement with the CFPB; Servicer Accused of Harassing Overdue Borrowers

April 21, 2015
Paul Muolo
First Ocwen, now Green Tree...
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The Best Mortgage Credit of Them All: Doctors and Dentists

April 20, 2015
Brandon Ivey
Tal Frank, president of the company, noted that mortgages made to physicians maintain a near zero delinquency rate, even those without a downpayment.
Read More
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