Five Oaks Ready to Issue First Jumbo MBS from Its Own Platform April 23, 2015 Brandon Ivey Five Oaks will retain all the subordinate classes, the servicing rights and the IOs.Read More
Agency MSRs: Nonbanks Continue to Steal Market Share From the Megabanks April 23, 2015 John Bancroft Most of the slack is being taken up by nonbanks, which serviced $1.571 trillion of agency MBS at March 31.Read More
What’s an Appraisal Cost? Try $450 to $800, At Least April 23, 2015 Brandon Ivey Many real estate agents report that appraisal costs have risen and AMCs’ overhead may be responsible...Read More
Altisource Earnings Plunge 90 Percent, Cost Cutting Ensues, Including Layoffs April 23, 2015 Paul Muolo Most of Altisource's business is tied to Ocwen, which is in the process of ridding its servicing portfolio of agency loans.Read More
Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer April 22, 2015 Paul Muolo and Brandon Ivey It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.Read More
Wall Street’s Return to Mortgage Lending: Blackstone Buys a Residential Lender April 22, 2015 Paul Muolo Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?Read More
Redwood’s Latest Jumbo MBS Includes Highest Share Yet of Non-QMs April 22, 2015 Brandon Ivey Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share. Read More
Realtors Continue the Drumbeat: Mortgage Credit is Too Restrictive April 22, 2015 Thomas Ressler Then there was Bert Ely who noted: "In my opinion, American housing policy is leading the country down the same path that led to the last housing bubble..."Read More
Bank Sells $2 Billion Bond to a GSE in Deal Assisted by MIAC April 21, 2015 Paul Muolo The sale actually closed at yearend, although it was revealed in a press statement dated April 21.Read More
Short Takes: MBA Backs Changes at CFPB / A Strong Quarter from MGIC / The Weekend the Lights Went out at FHA / S&P Puts Ocwen on Watch List / Executive Bolts Ocwen for Green River April 21, 2015 Paul Muolo and Thomas Ressler The MBA is backing changes to how the CFPB functions...Read More