The Problem with 2014 Mortgage Profits: A Weak Return on Originations April 1, 2015 John Bancroft Residential originations for the group fell 45.7 percent from 2013, indicating that profit margins shrank slightly more than production volume.Read More
FirstKey, Blackstone Racing to Issue First Multi-Borrower Single-Family Rental Security April 1, 2015 Brandon Ivey Some 16 single-borrower SFR rental deals have been issued since the market came to life in November 2013. Read More
MIAC and The Prestwick Group Offering New Flow and Bulk MSR Deals April 1, 2015 Paul Muolo The Prestwick Group is selling a Fannie/Freddie $167 million bulk deal with a monthly flow component of $15 million to $20 million.Read More
RoundPoint Will Keep Buying Servicing on a Flow Basis; As for the Sale… April 1, 2015 Paul Muolo An outside public relations representative for RoundPoint said the company does not comment on M&A rumors.Read More
Of All the Ocwen Affiliates, Altisource Hit the Hardest March 31, 2015 Paul Muolo To understand the plight of the publicly traded REO vendor, you first have to understand where it came from...Read More
Certain Cities See Nice Recovery in Home Values, But Maybe Too Much March 31, 2015 Carisa Chappell In some cities, future price gains may be hard to come by, especially if home flippers and investors bolt.Read More
Banks Shift Tactics on Loan Modifications, Reducing Use of Interest Rate Reductions March 30, 2015 Brandon Ivey Loan modification tactics varied based on whether a mortgage was serviced for Fannie/Freddie or was non-agency in nature.Read More
FHFA Likely To Leave G-Fees Unchanged. As for LLPAs… March 30, 2015 Paul Muolo Few lenders are counting on a reduction in the current “ongoing” GSE fee, which increased from 13 basis points in 2009 to 40 bps in 2013.Read More
Commercial Bank Selling $10 Billion of MSRs, But Looking for Subservicing Option March 30, 2015 Paul Muolo The selling depository – which MVSG did not name – prefers to retain servicing, but will consider an outright sale.Read More
Short Takes: Nonbanks Dominate Credit Suisse Jumbo Deal / LLC Wins Freddie NPL Auction / When Will Fannie Sell Some NPLs? / Clayton Buys AVM Vendor / A Reserve Fund for GSE Profits? March 30, 2015 Carisa Chappell and Brandon Ivey So, how come Freddie has conducted a handful of NPL sales thus far and Fannie Mae has not? Read More
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