Short Takes: Cooperman and Omega Throwing in the Towel on Altisource / ASPS Hits New, 52-Week Low / WinWater’s New Jumbo Deal / Lower Originations? / The Best MSRs Go First March 19, 2015 Paul Muolo and Brandon Ivey
The Beginning of a Trend? Banks Finally Beef Up MSR Holdings (Slightly) March 18, 2015 John Bancroft With JPMorgan Chase slated to buy $45 billion worth of Fannie Mae rights from nonbank Ocwen Financial the shift in MSRs over to banks likely will continue...Read More
FHFA IG Says GSE Profit Revival Won’t Last; G-Fee Doubts? March 18, 2015 Paul Muolo Another possible outcome on g-fees is no change at all. To date, FHFA Director Mel Watt hasn’t tipped his hand.Read More
Ocwen Delays 4Q Results Once Again, Raises Questions About Its MSR Spin-Off, HLSS March 18, 2015 Paul Muolo Meanwhile, HLSS on Wednesday disclosed that it too needs more time to file its annual 10-K...Read More
Lenders More Optimistic on Profits, Mortgage Demand March 18, 2015 Carisa Chappell Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.Read More
Ocwen Inks Yet Another MSR Sale: $9.6 Billion of Freddie Product to Walter March 18, 2015 Paul Muolo Ocwen Financial is turning into an MSR selling machine! Read More
Short Takes: Nonprime Lender Deephaven Gains a Top Executive / A Harbinger of LLPA Changes? / An Easing of Credit Standards? / Where Are Impac’s Earnings? VRM Hires Former Fannie Official March 18, 2015 Paul Muolo and Carisa Chappell Subprime lender Deephaven Mortgage has a new executive...Read More
Sources: JPMorgan the Buyer of Ocwen’s $45B Fannie MSR Portfolio March 17, 2015 Paul Muolo Walter Investment also was looking at the Ocwen receivables, sources said.Read More
CoreLogic: Negative Home Equity on the Rise Again, but Only Sequentially March 17, 2015 Carisa Chappell Nevada was the leader in underwater homes with 24.2 percent of mortgaged properties in a negative equity position.Read More
FHA Insurance More Costly Than Private MI: WalletHub March 17, 2015 George Brooks The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...Read More
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