Zais Kills Conduit, Starts Selling Seasoned Loans; A Sale is a Possibility Too March 9, 2016 Brandon Ivey Zais said a strategic review of the REIT will continue, including exploration of a possible sale or even a liquidation of the company’s assets.Read More
Another Top Executive Departs Clayton: Joe D’Urso Is Out as President; Former Blackstone Executive Named as Interim March 9, 2016 Paul Muolo D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...Read More
Lenders Plan for Growth but Anxious About Compliance March 9, 2016 Thomas Ressler Roughly 88 percent of lenders said they expect to grow their mortgage origination business in 2016...Read More
Short Takes: GSEs Have Spent $206 Million on the Common Securitization Platform / D’Urso’s Departure was a Surprise to Him Too / Paulson & Co. Reduces Stake in Radian / Treasury Shifts Money From MHA Program to HHF March 9, 2016 Brandon Ivey and Paul Muolo Sources close to D’Urso said his termination by Radian was a “total surprise” to him as well.Read More
PHH Corp. Weighs Its ‘Strategic Options’ Once Again. But Will Anyone Bite? March 9, 2016 Paul Muolo PHH has been losing money and so far this year its stock price has been hammered.Read More
More Fannie/Freddie Buyback Relief Waiting in the Wings? March 9, 2016 John Bancroft The Federal Housing Finance Agency cautioned that the pilots are in their early stages...Read More
The Final Tally on 4Q15 Nonbank Mortgage Income: Erratic Results March 9, 2016 John Bancroft How well the nonbanks have done with regulators – and dealing with volatile interest rate swings – is best looked at through the prism of their share prices. And in that regard, Ocwen Financial has suffered the most, easily.Read More
The QM Rule Didn’t Chill Mortgage Credit – Blame ‘Market Dynamics’ Instead March 8, 2016 Thomas Ressler The market had largely abandoned risky lending products before the QM rule ever kicked in…Read More
CFPB Now Accepting Complaints About Online ‘Marketplace’ Lenders March 8, 2016 Thomas Ressler Marketplace lenders may want to beef up their compliance staffs: The CFPB is now accepting complaints.Read More
‘Deal Agent’ Could Help Revive Non-Agency Market; A True Revival Will Take Some Time; Treasury Department Weighs In March 8, 2016 Brandon Ivey The Treasury Department helped facilitate discussions among the working group...Read More