Nationstar Executives Jerry McCoy and Caitlyn DeYoung Departing; Others? June 10, 2015 Paul Muolo McCoy works in Nationstar’s servicing department, DeYoung in administration.Read More
Short Takes: Fidelity Information Systems Wins the Ocwen Contract / Ocwen Pays Down More Debt / No 'Conflict Minerals' for Fidelity / The Feds and Diversity / The Federal Insurance Office? June 10, 2015 Paul Muolo and Thomas Ressler According to the consent order in the case, Ocwen had a history of ignoring the agency’s document requests...Read More
Angel Oak Offering $100 Million of Nonprime Whole Loans? Securitization on Hold? June 10, 2015 Paul Muolo One source said Nomura also was providing warehouse credit to Angel Oak. Read More
Fannie/Freddie Issuance Slips in May, but Purchase Business Finally Takes Hold June 10, 2015 John Bancroft During May Quicken ranked second among all GSE sellers with 68.2 percent of its business going to Fannie Mae.Read More
The Savior of First Quarter Mortgage Earnings: Loan Originations June 9, 2015 John Bancroft Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.Read More
The Industry Speaks: 80 Percent Say CFPB Rules Putting the Squeeze on Mortgage Credit June 9, 2015 Thomas Ressler The survey also found that about 90 percent of loans originated by banks were QM compliant compared to 84 percent last year...Read More
Will Citadel’s New Second Lien Spur Similar Offerings by ‘A’ Paper Nonbanks? June 9, 2015 Paul Muolo Calls to nonbanks from Inside Mortgage Finance revealed a great deal of interest in the Citadel product... Read More
Slightly Tighter Underwriting on Latest Jumbo MBS from WinWater June 9, 2015 Brandon Ivey Caliber Home Loans is the top contributor to the pending MBS from WinWater with a 10.2 percent share of originations...Read More
More Executive Departures at Nationstar? June 9, 2015 Paul Muolo One official described the situation: “Just more house cleaning now that Harold [Lewis] is gone. Most of the senior people leaving were his supporters.”Read More
Short Takes: RoundPoint Sale Update / MSR Prices Firm Up / More on that Departing Nationstar Executive / Morningstar Joins the Jumbo Party / A New CEO for Auction.com June 9, 2015 Carisa Chappell, Brandon Ivey, and Paul Muolo One of the departing executives at Nationstar Mortgage used to work at JPMorgan Chase, Fannie Mae and Macquarie Bank…Read More
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