Altisource Residential Posts $228 Million Loss for 2016; CEO Calls It a ‘Strong’ Year March 1, 2017 Paul Muolo Altisource Residential said its goal is to build a large portfolio of SFRs “targeted to operate at a best-in-class yield.”Read More
Short Takes: So, You Want to be an LO? We Can Train You / Quicken Targets Cash-out Refi Market / Can You Live on 25 Basis Points? / Key RESPA Webinar Next Week / Some History on PHH March 1, 2017 Paul Muolo How much do LOs working at call centers earn per deal? We heard that some shops pay as little as 15 to 25 basis points...Read More
Caliber Home Loans Agrees to Buy Lending, Servicing Assets from Banc of California March 1, 2017 Paul Muolo In late January, Steven Sugarman, who built the bank into a well-regarded regional lender, resigned as CEO.Read More
Fannie/Freddie Retained Portfolios Continued Shrinking in 2016 – Mostly by Shedding MBS February 28, 2017 John Bancroft Fannie Mae cut its portfolio of Fannie MBS by 42.9 percent last year...Read More
CFPB Exams of Nonbank Mortgage Lenders Spiked by 69 Percent Last Year February 28, 2017 Thomas Ressler The number of mortgage-related examinations by the CFPB declined in most areas with one glaring exception: nonbank residential originators…Read More
Picking up a Head of Steam: Congressional Interest in GSE Reform? February 28, 2017 Brandon Ivey However, GSE reform will require a bipartisan effort and already other priorities are developing…Read More
PHH Opposes Effort by State National Bank to Intervene in Case Against CFPB February 28, 2017 Thomas Ressler PHH argues the plaintiffs lack legal standing to intervene, their motion is “inexcusably untimely,” and it fails to satisfy the requirements for intervention.Read More
Will Dwindling Refinances Lead to Layoffs? February 28, 2017 Paul Muolo As one executive put it: “January was slow, February was lower, and I can’t tell how March will be yet.”Read More
Mortgage REIT Holdings of Residential MBS Fell Slightly in 4Q16 February 28, 2017 John Bancroft Annaly padded its lead as the top REIT MBS investor, thanks, in part, to its acquisition of Hatteras Financial in the third quarter of 2016…Read More
Short Takes: Who Will Lead FHA? / Radian Says It’s News to Bazemore / Vote on Carson Nears / Will Trump Mention the GSEs? February 28, 2017 Paul Muolo Then again, Trump has been known to surprise people. Read More