Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse September 26, 2018 Paul Muolo Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change. Read More
Sprout Executive David Akre: Make Non-QMs or Cut Overhead. Your Choice September 25, 2018 Brandon Ivey Matt Nichols, CEO of Deephaven Mortgage, said the share of LOs that actually offer non-QMs is in the single digits.Read More
Former Incenter Trading Unit Reemerges as RAMS Mortgage Capital September 25, 2018 Paul Muolo The unit will continue to be headed by industry veterans Tad Dahlke and Hal Hermelee...Read More
Third-Party Lenders Account for Out-Sized Share of FHA/VA Market September 25, 2018 John Bancroft However, some large commercial banks are willing to remain in the market through correspondent arrangements…Read More
Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage September 25, 2018 Brandon Ivey and Paul Muolo Will FHA hike its premiums? Maybe, maybe not...Read More
IO Originations Spiked by 25 Percent in 2Q18 September 24, 2018 Brandon Ivey Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.Read More
MBA Backs User Fee to Fund Tech Upgrades for USDA Program September 24, 2018 George Brooks The FHA has proposed a similar user fee but has been denied repeatedly by Congress…Read More
Nonprime Lender Deephaven Taps LoanScorecard’s AU Software September 24, 2018 Paul Muolo Recently, Inside Nonconforming Markets published its second quarter ranking of expanded-credit lenders, but Deephaven did not appear.Read More
Short Takes: Freddie Doesn’t Mince Words / Thinking of Going Public? / Why Amazon and Google Won’t Buy an Existing Franchise / Moogle or Moogage? / Texas Capital’s Deposit Base / Mortgage Job Cuts at USAA September 24, 2018 Paul Muolo Meanwhile, Hindman doesn’t see Amazon or Google buying an existing mortgage franchise... Read More
Deephaven Set to Issue its Largest Nonprime MBS to Date September 21, 2018 Brandon Ivey Mortgages from 74 lenders will be included in the deal…Read More
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