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Short Takes: Looser Condo Rules from FHA? / Sterne Agee Not Optimistic on Nationstar / Some Good News from Ocwen (Sort of) / Strong CRE Volume from Auction.com / The Sky is Falling: the Fed May Hike Rates

October 29, 2015
Paul Muolo
There was some good news from Ocwen: the company earned $44.2 million from servicing sales...
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Earnings and Production Drop at EverBank; MSR Sale to Nationstar Pending

October 28, 2015
Paul Muolo
The sale of mortgage servicing rights to Nationstar should transfer by Nov. 1.
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Agency MSR Deals from Prestwick and Phoenix Capital

October 28, 2015
Paul Muolo
“The flow market remains consistent with pricing, while the bulk market ebbs and flows with the 10-year and mortgage spreads,” said Tom Piercy of Interactive Mortgage Advisors.
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Short Takes: Will Ocwen Short-Sellers Get Squeezed? / What Will Faris Say About Origination Growth? / Another Loss for NMI / Guild Sets Origination Record / NYDFS Chief Albanese Departs

October 28, 2015
Paul Muolo
The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...
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Radian Profit Jumps 40 Percent in 3Q, a Slight Decline in NIW

October 27, 2015
Paul Muolo
For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.
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An Earnings Increase at Flagstar; Thrift Keeps Selling MSR Assets

October 27, 2015
Paul Muolo
Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.
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Short Takes: FBR Says Goodbye to PennyMac / A Sweet Dividend At Least / Revenue Figures for Radian’s Non-MI Unit / The Earnings Power of Flagstar’s Balance Sheet / Genworth Agrees to Sell European MI Division

October 27, 2015
Paul Muolo
However, in a final note on the companies, FBR analyst Paul Miller called PMMIT an “outperform,” while giving it a price target of $20…
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Nonbanks Continue to Gain in Agency Servicing, Except Ocwen

October 26, 2015
Paul Muolo
The megabanks – Wells Fargo, JPMorgan Chase, Bank of America and U.S. Bank – ranked first through fourth, respectively, with a combined agency market share of 40.3 percent at Sept. 30.
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Shake Up in Mortgage Division at Citizens Bank

October 26, 2015
Paul Muolo
During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.
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Phoenix Capital Selling ‘Flow’ Deal that Could Top $600 Million

October 26, 2015
Paul Muolo
Phoenix Capital is out with a new “flow” servicing offering where the seller will deliver $40 million to $50 million per month in Fannie Mae and Freddie Mac product.
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