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Short Takes: Yet Another Mortgage M&A Deal / Classic Strategies Advisor to Freedom Mortgage / More NPL Sales From Freddie / Ocwen Shines, Well Sort of / Trouble at Genworth but Not the MI Business

November 6, 2014
Paul Muolo
The Bankers Bank is owned by 100 independent banks. Charbonneau & Associates represented TBB…
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PHH Loses Money on Mortgage Business in 3Q14, Lower Gain-on-Sale Blamed

November 5, 2014
Paul Muolo
PHH's servicing portfolio continues to shrink thanks to MSR sales and payoffs.
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GSE Reform in 2015? There May be No Warner of Corker-Warner; MI Outlook?

November 5, 2014
Paul Muolo and Charles Wisniowski
The mortgage insurance industry lost a key political ally with the reelection defeat of first-term Democratic incumbent Sen. Kay Hagan of North Carolina.
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Short Takes: Hey Mel, Where’s the Formal Proposal on Looser GSE Credit? / Two Large MSR Auctions? / Warehouse Outlook Subdued / Risks and Rewards of Mortgage REITs / HUD’s Disparate Impact Rule Toast?

November 5, 2014
Paul Muolo
Whatever might be in the works at the FHFA regarding looser credit won’t be out until mid-December, we’re told…
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Freedom Mortgage Isn’t Done Buying; Wants ‘Feet on the Street’

November 4, 2014
Paul Muolo
The Mt. Laurel, NJ-based Freedom is eager to grow its retail presence in the U.S., but is still committed to third-party lending where it has a large presence.
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Short Takes: What is it With New York State? / UGI Posts Strong Earnings / Freddie’s Incredibly Shrinking REO / Ocwen Official Departs for LenderLive / Ohio Rules in Freddie’s Favor

November 4, 2014
Paul Muolo and Charles Wisniowski
When pressed further, Middleman noted that getting acquisitions approved in the Empire State can “take a long time”…
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3Q Mortgage Income Rises at Regional Banks

November 3, 2014
Brandon Ivey
BB&T posted $80 million of mortgage banking net income in the third quarter, up sharply from a negative $21 million suffered in the previous quarter.
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2015 Origination Forecast: Cloudy with a Hint of Optimism

November 3, 2014
John Bancroft
If housing markets are stronger than expected and rates stay low enough, originations could hit $1.421 trillion next year.
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Analysts: The Wells Fargo-Ocwen MSR Deal No Longer Makes Sense

November 3, 2014
Paul Muolo
A recent research note from Sterne Agee predicts higher operating costs for Ocwen because of its ongoing regulatory disputes with the New York Department of Financial Services.
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Freedom Mortgage Buying LI Lender CHL Through ‘Asset’ Purchase

November 3, 2014
Paul Muolo
With Continental Home Loan under its umbrella, Freedom believes its production run-rate will be $2 billion a month.
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