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Agency MBS Does Its Part: Small but Steady Growth

March 25, 2015
John Bancroft
Fannie Mae is still the most prolific author of single-family MBS, accounting for 46.6 percent of agency MBS outstanding at Dec. 31.
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IG Report: FHFA Took 750 Conservatorship ‘Actions’ Against the GSEs in 2014

March 25, 2015
Paul Muolo
Fannie and Freddie don't get out of bed in the morning without first talking to the FHFA. (Then again, the two are in conservatorship.)
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It’s Time to Scale Back Dodd-Frank, Industry Says

March 25, 2015
Thomas Ressler
Mortgage professionals overwhelmingly believe the Dodd-Frank Act should be revised, removing barriers to innovation and to reduce the cost of manufacturing a mortgage.
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Short Takes: Will SCOTUS Allow Underwater Seconds to be Dismissed? / And Now a Word from RoundPoint / GSE Conservatorships: Long, Strange Trip, Man / A GSE Bill Passing? Not Likely / More on Nationstar

March 25, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Although RoundPoint isn’t taking any questions regarding a possible sale of the company, it recently published a statement regarding its co-issuance and subservicing businesses.
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Is the IBM-Owned Seterus About to Face the Music?

March 25, 2015
Paul Muolo
Getting information out of Seterus about its business is like trying to crack the Kremlin.
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Wells Fargo Will Close Milwaukee Servicing Platform, 1,000 Layoffs Predicted

March 25, 2015
Paul Muolo
As loan quality improves, it endangers the job prospects for "high-touch" servicing specialists.
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Ocwen Declared Noncompliant by NYSE; Delisting a Possibility

March 24, 2015
Paul Muolo
Although Ocwen is out of compliance with the NYSE, it continues to sell mortgage servicing rights. Late Monday it disclosed a $25 billion MSR sale to Nationstar.
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Everyone Loves the Potential of Non-Agency Lending, But…

March 24, 2015
John Bancroft
Eric Rosenzweig, principal at Stone Point Capital, sees many business plans from people who want to get into the non-qualified-mortgage space.
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Mortgage Industry So-So on CFPB Servicing Changes Tied to RESPA-TILA

March 24, 2015
Thomas Ressler
The CFPB amendments cover nine primary topics, including force-placed insurance and loss mitigation...
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Is Walter the Next Ocwen? Green Tree Hit With Servicing Downgrades

March 24, 2015
Brandon Ivey
Fitch said the downgrade was tied to Green Tree’s “aggressive portfolio growth,” noting that the nonbank grew its MSR portfolio by almost three-fold over the past two years.
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