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Short Takes: $558 Billion in Delinquent Mortgages / Subprime Looking Up / How Much Will Ocwen Cut in India? / PHH’s Retail Perceptions / Dealing with the CFPB

February 25, 2015
Paul Muolo
One of the biggest knocks on PHH Mortgage is that it has little in the way of traditional retail, relying instead on private label partners like Merrill Lynch.
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10 Mile Capital Ready to Invest in Mortgage Banking Firms

February 25, 2015
Paul Muolo
A veteran of Bank of America, GE Capital and other financial service firms, Williams said he hopes to unveil 10 Mile’s first investment in April.
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Warehouse Commitments on the Rise Again; How Long Can it Last?

February 24, 2015
Paul Muolo
The only thing bothering most warehouse managers is how long the good times can last.
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WinWater Goes a Little Outside the Box on New Jumbo MBS: LTVs North of 80 Percent

February 24, 2015
Brandon Ivey
KBRA said its loss model is highly sensitive to the increased probability of default associated with mortgages that have high combined LTV ratios.
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In Earnings Call Redwood Cites ‘Excess Capacity’ in Correspondent Channel

February 24, 2015
Brandon Ivey
In recent years, Redwood has focused on jumbo mortgages but the REIT is now placing a greater emphasis on conforming loans.
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Yellen Committed to Letting MBS Run Off the Fed’s Balance Sheet

February 24, 2015
Thomas Ressler
Fed chief Janet Yellen also signaled a continuation of the status quo for interest rates...
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Ocwen Mum on When it Will Release Fourth Quarter Earnings

February 24, 2015
Paul Muolo
Meanwhile, investors are beginning to focus on some of the contractual language in the sale agreement between New Residential Investment Corp., and Home Loan Servicing Solutions...
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Short Takes: Next Up, Walter Investment / Why No ‘Big’ Mortgage M&A? / Lay Offs At… / Sterne Agee Slated for Sale / The CFPB, an ‘X-Factor’?

February 24, 2015
Paul Muolo and Thomas Ressler
We understand from one very good source that a top 30-ranked lender has been quietly trimming staff of late….
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Jumbo Market Share Best Since 2002; Wells Dominant Once Again

February 23, 2015
Brandon Ivey
Wells Fargo remained the most dominant lender in the sector with $42.28 billion of jumbo originations in 2014, down 2.5 percent from the year before.
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VA to Issue Final ‘Qualified Mortgage’ Rule in May

February 23, 2015
George Brooks
Total points and fees may not exceed 3 percent of the total loan amount for loans of $100,000 or more.
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