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Originations
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Short Takes: Gone But Not Forgotten: MetLife’s Mortgage Unit / BB&T Facing Heat from DOJ and HUD OIG / Walter Optimistic, but Investors Aren’t / The ‘Father’ of the CFPB: President Jimmy Carter

February 26, 2015
Paul Muolo, Thomas Ressler, and George Brooks
Although Walter Investment Management lost a ton of dough in 2014, it sees brighter days ahead...
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Nationstar’s Profit Drops 82 Percent, Originations Fall; However, $35B of MSR Deals Revealed

February 26, 2015
Paul Muolo
The fourth quarter was Nationstar’s worst production quarter of the year.
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Mortgage Brokers Stage Mini-Comeback in Market Share

February 26, 2015
John Bancroft
However, the broker channel generated $117 billion of new originations, the lowest reading since 1995.
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FirstKey Set to Issue Jumbo MBS, Rating Services Cite Limited History of Issuer

February 26, 2015
Brandon Ivey
CMG Mortgage is the top contributor to the jumbo MBS with a 14.3 percent share, followed by EverBank Financial (8.3 percent) and Bridgeview Bancorp (5.7 percent).
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Walter Reports a $44 Million Loss, Revenue Declines, and a Regulatory Settlement with the CFPB

February 26, 2015
Paul Muolo
Walter's cash-flow declined noticeably: For the full year, revenues came in at $1.5 billion, a decline of $315.3 million or 17 percent...
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Over Two Years, JPM Has Slashed Mortgage Staff by 41 Percent

February 25, 2015
Brandon Ivey
Kevin Watters said Chase has reduced its mortgage staffing levels due to declines in originations and improvements in mortgage performance.
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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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HUD Pushing for Authority to Force Servicers to Use Subs for High-Touch Product

February 25, 2015
George Brooks
Last year, House appropriators turned down a request that would have allowed the FHA to charge a fee of 2 to 4 basis points to lenders prospectively...
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Credit Reporting Complaints Rise; Experian the Complaint ‘King’

February 25, 2015
Thomas Ressler
Experian led the pack in terms of complaints with a cumulative total of 15,847.
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