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A Large 4Q17 Loss for Capital One. Mortgage Charges Part of the Hit

January 24, 2018
Paul Muolo
In November of last year, Capital One disclosed it would exit the mortgage business, which it entered eight years ago by purchasing Chevy Chase Bank.
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New CFPB Memo Solidifies Mulvaney’s Edict to Respect the Rights of Financial Service Providers

January 24, 2018
Thomas Ressler
CFPB's Mulvaney: “If the CFPB loses a court case because we pushed too hard, we simply move on to the next matter. But where do those that we have charged go to get their time, their money, or their good names back?”
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GSE Servicing Market Became More Top-Heavy in Fourth Quarter

January 24, 2018
John Bancroft
Chase Home Finance still held second place in the GSE servicing arena, though its portfolio has been shrinking slightly…
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Investor That Settled Insider Trading Charges Amasses a 10-Percent-Plus Stake in Ocwen

January 24, 2018
Paul Muolo
Ocwen is trying to put its regulatory problems in the rearview, while focusing on being a subservicer…
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Short Takes: What if a ‘Conservative’ Ran the FHFA? / Maybe GSE Loan Limits Should be Lowered / Erbey Selling Ocwen Shares / The New Fed Chief and MBS Sales / English Update / A Chalupa with that MI Policy?

January 24, 2018
Paul Muolo and Thomas Ressler
Selling shares in Ocwen Financial: Bill Erbey...
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Guild Agrees to Buy Cornerstone in What Could be a Busy Year for M&A

January 23, 2018
Paul Muolo
“Both sides have gotten to know each other very well, so the intangibles and cultural fit are expected to be very strong,” said investment banker Mark Stafford of MS Capital Advisors.
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An Origination Gain for Flagstar Bancorp, but Company Posts Loss Because of Tax Bill

January 23, 2018
Paul Muolo
Flagstar's serviced-for-others portfolio increased to 442,000 loans from 415,000 in 3Q17, but a large chunk of that represents subservicing arrangements.
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HomeStreet’s Originations Declined in 4Q, but Mortgage Net Income Boosted by Tax Changes

January 23, 2018
Brandon Ivey
HomeStreet ranks 41st among all residential lenders, according to Inside Mortgage Finance…
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CFPB Chief Mulvaney Hangs Tough in Nationwide Biweekly Case

January 23, 2018
Thomas Ressler
However, the bureau eventually pressed ahead, arguing to uphold the judgment against the biweekly lender…
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A Delinquency Crisis: Hurricanes Wreak Havoc on FHA Performance. Nearly 30 Percent of FHA PR Loans ‘Past Due’

January 23, 2018
John Bancroft
A staggering 15.8 percent of the island commonwealth’s FHA loans were more than 90 days late as of Dec. 31, and another 13.0 percent were 30-90 days in arrears.
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