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Short Takes: Some Lenders Think Mortgage Counseling is a Waste of Time / Credit Suisse Readies New Jumbo Deal / Originations Rise Slightly at BB&T / More MSR Deals / DocMagic Rolls out TRID Service

April 23, 2015
Brandon Ivey and Paul Muolo
The top contributor to the new Credit Suisse jumbo deal is New Penn, which is controlled by MBS co-inventor Lew Ranieri.
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Freddie Mac Gears New NPL Auction to Smaller Investors

April 22, 2015
Carisa Chappell
Qualified buyers have until June 2 to bid on the Miami-based loans.
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Redwood’s Latest Jumbo MBS Includes Highest Share Yet of Non-QMs

April 22, 2015
Brandon Ivey
Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share.
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Interactive Mortgage Advisors Unveils Two New MSR Deals

April 22, 2015
Paul Muolo
On IMA’s other deal, the brokerage firm is offering $100 million per month of Fannie Mae/Freddie Mac “flow” product.
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Wall Street’s Return to Mortgage Lending: Blackstone Buys a Residential Lender

April 22, 2015
Paul Muolo
Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?
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Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer

April 22, 2015
Brandon Ivey and Paul Muolo
It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.
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Cherry Hill Receives $25 Million Loan to Obtain Leverage on Excess Servicing

April 21, 2015
Brandon Ivey
Earlier this year Cherry Hill agreed to buy Aurora Financial Group and its $700 million servicing portfolio for $4 million. Included in the purchase was Aurora’s agency approvals.
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Glen Messina, PHH’s $7.4 Million CEO

April 21, 2015
Paul Muolo
for 2014, Messina's compensation package included a base salary of $930,436, stock awards of $2.3 million and $4.1 million in “non-equity incentive” pay.
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Short Takes: MBA Backs Changes at CFPB / A Strong Quarter from MGIC / The Weekend the Lights Went out at FHA / S&P Puts Ocwen on Watch List / Executive Bolts Ocwen for Green River

April 21, 2015
Paul Muolo and Thomas Ressler
The MBA is backing changes to how the CFPB functions...
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Green Tree in $63 Million Settlement with the CFPB; Servicer Accused of Harassing Overdue Borrowers

April 21, 2015
Paul Muolo
First Ocwen, now Green Tree...
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