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Short Takes: Specialty Servicer Wingspan Finally Goes Bust / Too Many Debts, Not Enough Assets / Auction.com Steps Up on CRE Sales / Correction on FHFA / Stonegate Hires TPO Executive

July 15, 2015
Paul Muolo
One source close to Wingspan told IMFnews that many executives have been let go, including marketing director Guy Davies.
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Mortgage Complaints Filed with the CFPB Down 11 Percent, But…

July 14, 2015
Thomas Ressler
Complaints about residential mortgages were among the first type of gripes to be accepted and tracked by the CFPB’s consumer complaint database.
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Wells and JPM Report Gains in Residential Lending; Applications Are Another Story

July 14, 2015
Paul Muolo
JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.
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Green Tree’s Big Servicing Mistake: Calling the Neighbors

July 14, 2015
Brandon Ivey
After being unable to reach the borrower for several months, Green Tree called the borrower’s neighbors multiple times, asking them to have the borrower call the servicer.
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As Rates Rise, MSR Values Firm Up. What’s Next for Prices?

July 14, 2015
Paul Muolo
With the second quarter having just ended, several large flow and bulk MSR transactions are in the works...
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Short Takes: Wells’ Appetite for Nonconforming Mortgages Rises / Someone Who Didn’t Rat Out the Neighbor on a Foreclosure / Locating Delinquent Borrowers on Facebook / How Much in Senior Home Equity? / A New Hire for LenderLive

July 14, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...
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Jumbo MBS Tumbles Almost 33 Percent in Second Quarter

July 13, 2015
Brandon Ivey
Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.
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Servicing Analytics Firm MIAC Launches Broker-Dealer, More Growth Ahead?

July 13, 2015
Paul Muolo
MIAC also sells mortgage servicing portfolios, though that’s considered to be a small part of their business.
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And Yet Another Executive Departure at Nationstar: The Originations Chief

July 13, 2015
Paul Muolo
The recent departures at Nationstar began in May when the company revealed that Executive Vice President and Chief Strategy Officer David Hisey would leave the lender/servicer in mid-June.
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Short Takes: Putnam Invests in Altisource Asset Management / The Yield on the 10-Year Rises / A Correction for Home Values in Texas and ND? / Jumbo Standards Get Tighter / Former Fannie Executive Joins Hamilton

July 13, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
Housing markets in North Dakota and Texas are looking a bit risky these days, according to the Arch MI Risk Index model.
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