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Walter Reports a $44 Million Loss, Revenue Declines, and a Regulatory Settlement with the CFPB

February 26, 2015
Paul Muolo
Walter's cash-flow declined noticeably: For the full year, revenues came in at $1.5 billion, a decline of $315.3 million or 17 percent...
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Short Takes: Gone But Not Forgotten: MetLife’s Mortgage Unit / BB&T Facing Heat from DOJ and HUD OIG / Walter Optimistic, but Investors Aren’t / The ‘Father’ of the CFPB: President Jimmy Carter

February 26, 2015
Paul Muolo, Thomas Ressler, and George Brooks
Although Walter Investment Management lost a ton of dough in 2014, it sees brighter days ahead...
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Suddenly, Ocwen is Popular Among Investment Bankers That Want to Help With Its ‘Managed’ Liquidation

February 26, 2015
Ocwen Financial – once deemed the fastest-growing residential servicer in the nation – is now facing huge shrinkage and is undergoing what some analysts and investment bankers are now calling a managed or “controlled” liquidation. The questions facing investors and business partners of the company is how fast can Ocwen shrink and what will be left for shareholders other than a pile of cash. “This could be...
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Over Two Years, JPM Has Slashed Mortgage Staff by 41 Percent

February 25, 2015
Brandon Ivey
Kevin Watters said Chase has reduced its mortgage staffing levels due to declines in originations and improvements in mortgage performance.
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Credit Reporting Complaints Rise; Experian the Complaint ‘King’

February 25, 2015
Thomas Ressler
Experian led the pack in terms of complaints with a cumulative total of 15,847.
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Short Takes: $558 Billion in Delinquent Mortgages / Subprime Looking Up / How Much Will Ocwen Cut in India? / PHH’s Retail Perceptions / Dealing with the CFPB

February 25, 2015
Paul Muolo
One of the biggest knocks on PHH Mortgage is that it has little in the way of traditional retail, relying instead on private label partners like Merrill Lynch.
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Ginnie Servicing Rights Top $1.5 Trillion but Growth Slows

February 25, 2015
George Brooks
PennyMac Loan Services, the only nonbank to rank among the top five, had one of the strongest growth rates with 56.7 percent.
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10 Mile Capital Ready to Invest in Mortgage Banking Firms

February 25, 2015
Paul Muolo
A veteran of Bank of America, GE Capital and other financial service firms, Williams said he hopes to unveil 10 Mile’s first investment in April.
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In Earnings Call Redwood Cites ‘Excess Capacity’ in Correspondent Channel

February 24, 2015
Brandon Ivey
In recent years, Redwood has focused on jumbo mortgages but the REIT is now placing a greater emphasis on conforming loans.
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Ocwen Mum on When it Will Release Fourth Quarter Earnings

February 24, 2015
Paul Muolo
Meanwhile, investors are beginning to focus on some of the contractual language in the sale agreement between New Residential Investment Corp., and Home Loan Servicing Solutions...
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Latest Imf News

  • Nonbank Share of Agency Servicing Up Again in 2Q

  • Originations Increase, Mortgage Income Strays at Regional Banks

  • Ginnie Lenient With VA Delinquencies as Well

  • KBRA Joins Morningstar in Rating RTL Securitizations

More Imf News

Featured Data

  • Ginnie Issuance Soars in 2Q; Purchase Mortgages Strong

  • Non-Agency MBS Issuance Declines in Second Quarter

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  • Lenders Put an Emphasis on FHA, VA Loans in 2Q

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  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 1Q26 (PDF)

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