Walter Sees Continued Growth in MSR Purchases May 9, 2013 Brandon Ivey Walter Investment, which posted strong earnings for 1Q13, is in exclusive talks to buy $10 billion of mortgage servicing rights.Read More
Ocwen Will Sell $162 Million of Preferred Stock May 9, 2013 Paul Muolo Ocwen has registered preferred shares with the NYSE. The sale will benefit WL Ross & Co. Read More
Short Takes: Are Fannie and Freddie Almost Even with the U.S. Treasury? / PennyMac's MB Unit Goes Public / Ocwen Spent $150 Million on Platform / A Bad Sign: Late Payments Are Up / But Home Values Continue to Rise May 9, 2013 Paul Muolo and John Bancroft Will Fannie Mae and Freddie Mac be "even" with the U.S. Treasury by yearend? Also: PennyMac Financial Services goes public.Read More
SEC Approves Shellpoint Shelf, Paving the Way for Prime Quality Non-Agency MBS May 8, 2013 Paul Muolo A company affiliated with MBS co-inventor Lewis Ranieri is moving closer to issuing a security backed by "prime-quality" non-agency loans.Read More
Freddie Posts Huge Earnings for 1Q13, Ponders $30B of Deferred Tax Assets May 8, 2013 Paul Muolo and Charles Wisniowski Freddie Mac has been profitable for six quarters but needs to show positive earnings for six more before it can recapture its deferred tax asset. Read More
Short Takes: $750 Million of NPLs to Bid This Week / Two Harbors in the Hunt for Re-performing / Investors Will Continue to Dump Non-Agency MBS / NAFCU Upset with FHFA Edict on QM / Former Ally Executive Gets Hired by MBS Group May 8, 2013 Paul Muolo, Thomas Ressler, and Brandon Ivey A $750 million offering of nonperforming mortgages is expected to go down this week. Meanwhile, NAFCU is mad at FHFA over the QM rule.Read More
Two Harbors Reveals Name of Mortgage Banker it Purchased May 8, 2013 Brandon Ivey Besides entering the servicing arena, Two Harbors Investment Corp. is building an originator network to issue non-agency jumbo mortgage-backed securities on its own.Read More
GSEs Consider Expanding Scope of Common Securitization Platform May 7, 2013 John Bancroft The GSE "common securitization platform" is under construction and already potential add-ons are being discussed, including a loan acquisition module. Read More
FHFA Seeks Comment to Refine Its Planned National Survey of Mortgage Borrowers May 7, 2013 Charles Wisniowski The Federal Housing Finance Agency plans to survey residential borrowers about how they were treated by lenders.Read More
Nationstar to Buy Direct-to-Consumer Lender, Increases Flow MSR Goals May 7, 2013 Paul Muolo Nationstar Mortgage is getting serious about the origination business. On Tuesday it revealed plans to purchase a high-volume call center operation.Read More