A $1.2 Million Severance Package for Former Ditech President David Schneider December 6, 2016 Paul Muolo Schneider has until midnight Dec. 9 to accept the severance offer from Walter Investment Management Corp., the nation’s eighth largest residential servicer.Read More
Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange December 6, 2016 Paul Muolo The bulk servicing market has been quiet lately. But all that could change soon...Read More
Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts December 5, 2016 Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”Read More
AEI Slams NAR’s First-Time Homebuyer Stats December 5, 2016 George Brooks The National Association of Realtors defended its first-time homebuyer surveys…Read More
Now that the HUD Job is Settled, Speculation Begins on Trump’s Pick for FHA Commissioner December 5, 2016 Paul Muolo Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”Read More
SFIG Proposes Standards for ABS from Marketplace Lenders December 5, 2016 Brandon Ivey SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.Read More
HUD Eases FHA Outsourcing Rules. HR Departments in Play? December 5, 2016 George Brooks HUD decided to ease the HR rules in new guidance issued at the end of November...Read More
Agency MBS Production Slowed in November. Fannie Issuance Down Sharply December 2, 2016 John Bancroft Freddie Mac posted a 45.9 percent market share for November – 10.2 percentage points higher than in the previous month…Read More
Can a Former MBS Trader Successfully Privatize the GSEs? And What About the Government Guaranty? December 2, 2016 Paul Muolo Cowen & Co. believes there’s now a 65 percent chance that GSE reform will happen over the next two years.Read More
Allied Home Mortgage on the Hook for $93 Million of Damages in FHA Case December 2, 2016 George Brooks The case against Allied Home Mortgage stemmed from a “whistleblower” action filed in Boston back in 2011.Read More
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