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The Beginning of a Trend? Banks Finally Beef Up MSR Holdings (Slightly)

March 18, 2015
John Bancroft
With JPMorgan Chase slated to buy $45 billion worth of Fannie Mae rights from nonbank Ocwen Financial the shift in MSRs over to banks likely will continue...
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FHA Insurance More Costly Than Private MI: WalletHub

March 17, 2015
George Brooks
The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...
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Short Takes: Consumer Reports Advises Against Using Loan Brokers / NAMB: Come to Work With Us / Five Oaks Flying Solo on Jumbo MBS / Auction.com: Washington is Flipping Heaven / Ginnie MSRs for Sale

March 17, 2015
Paul Muolo and Brandon Ivey
“We don’t recommend that you hire a mortgage broker” for rate shopping purposes, says Consumer Reports magazine...
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Sources: JPMorgan the Buyer of Ocwen’s $45B Fannie MSR Portfolio

March 17, 2015
Paul Muolo
Walter Investment also was looking at the Ocwen receivables, sources said.
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The ‘Mystery’ Captive That Joined the Indianapolis FHLB is Five Oaks

March 17, 2015
Brandon Ivey
A ban on captive insurers joining the FHLB system appears to be over.
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CoreLogic: Negative Home Equity on the Rise Again, but Only Sequentially

March 17, 2015
Carisa Chappell
Nevada was the leader in underwater homes with 24.2 percent of mortgaged properties in a negative equity position.
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GSE Market Share Hits Post-Conservatorship Low in 4Q

March 17, 2015
John Bancroft
For all of last year, Fannie and Freddie securitization of newly-originated loans accounted for just 65.7 percent of MBS issuance, primarily because declining refi volume...
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Poised for a Revival: Wholesale-Broker Lending?

March 16, 2015
Brandon Ivey
United Wholesale's Mat Ishbia said 20 percent of purchase mortgages are originated by brokers.
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Nonbank Selling $1.34 Billion of GSE and Ginnie Mae MSRs

March 16, 2015
Paul Muolo
Texas is well represented in the bulk package being offered by Phoenix Capital.
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Short Takes: So, Who’s The Lucky Captive (REIT) Approved for FHLB Membership? / 23 Responses on the CSP / Fannie Headed Downtown / Comergence Gets New Assignment

March 16, 2015
Paul Muolo and Carisa Chappell
The captive insurer is owned by a REIT, a spokeswoman for the district bank said, but declined to name either.
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