Short Takes: Cooperman and Omega Throwing in the Towel on Altisource / ASPS Hits New, 52-Week Low / WinWater’s New Jumbo Deal / Lower Originations? / The Best MSRs Go First March 19, 2015 Brandon Ivey and Paul Muolo
FHFA IG Says GSE Profit Revival Won’t Last; G-Fee Doubts? March 18, 2015 Paul Muolo Another possible outcome on g-fees is no change at all. To date, FHFA Director Mel Watt hasn’t tipped his hand.Read More
Ocwen Delays 4Q Results Once Again, Raises Questions About Its MSR Spin-Off, HLSS March 18, 2015 Paul Muolo Meanwhile, HLSS on Wednesday disclosed that it too needs more time to file its annual 10-K...Read More
Lenders More Optimistic on Profits, Mortgage Demand March 18, 2015 Carisa Chappell Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.Read More
Short Takes: Nonprime Lender Deephaven Gains a Top Executive / A Harbinger of LLPA Changes? / An Easing of Credit Standards? / Where Are Impac’s Earnings? VRM Hires Former Fannie Official March 18, 2015 Carisa Chappell and Paul Muolo Subprime lender Deephaven Mortgage has a new executive...Read More
GSE Market Share Hits Post-Conservatorship Low in 4Q March 17, 2015 John Bancroft For all of last year, Fannie and Freddie securitization of newly-originated loans accounted for just 65.7 percent of MBS issuance, primarily because declining refi volume...Read More
The ‘Mystery’ Captive That Joined the Indianapolis FHLB is Five Oaks March 17, 2015 Brandon Ivey A ban on captive insurers joining the FHLB system appears to be over.Read More
FHA Insurance More Costly Than Private MI: WalletHub March 17, 2015 George Brooks The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...Read More
Short Takes: Consumer Reports Advises Against Using Loan Brokers / NAMB: Come to Work With Us / Five Oaks Flying Solo on Jumbo MBS / Auction.com: Washington is Flipping Heaven / Ginnie MSRs for Sale March 17, 2015 Brandon Ivey and Paul Muolo “We don’t recommend that you hire a mortgage broker” for rate shopping purposes, says Consumer Reports magazine...Read More
The Unhappy Return of GSE Buybacks: A 31 Percent Increase March 16, 2015 John Bancroft Despite the sequential jump in buybacks, the fourth quarter total was the second-lowest repurchase amount disclosed by the two...Read More
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