What We’re Hearing: Anxiety Rising Regarding GSE Reform / Higher G-Fees? No More Cash-out Refis? / What Mick Mulvaney Might Do if He Headed the FHFA / Mulvaney’s PADs / Layoffs at Impac May 11, 2018 Paul Muolo Surely, conservatives are applauding the way Mulvaney is trying to remake the Consumer Financial Protection Bureau...Read More
Impac Posts a $3.9 Million Profit for 1Q18, Aided by MSR Markup. Originations Drop 20.1 Percent May 10, 2018 Brandon Ivey New CEO George Mangiaracina said the nonbank’s servicing portfolio is serving as a counter-cyclical balance to declining originations…Read More
Short Takes: Impac Employees Looking Around? / Ex-CFPB Chief Cordray Wins in Ohio, but… / Will Warren Pick Cordray to Head the CFPB (Again)? / AIG Unit Readies Jumbo MBS / PennyMac Restarts Jumbo Unit May 10, 2018 Brandon Ivey and Paul Muolo Cordray was never popular in the mortgage industry because of all the regulations he heaped on lenders and servicers...Read More
Capital One Selling $17.0 Billion Loan Portfolio to Subsidiary of Credit Suisse, Which Will Sell to PIMCO May 9, 2018 Brandon Ivey As of the end of March, Capital One handled a $25.78 billion servicing portfolio, making the firm the 49th largest servicer, according to Inside Mortgage Finance.Read More
Ginnie Mae Reinstates Nations Lending Following Talks on Loan Churning May 8, 2018 George Brooks Nations Lending was reinstated by Ginnie Mae after reaching a confidential agreement…Read More
Another Quarter and More Red Ink for PHH Corp. May 8, 2018 Paul Muolo PHH CEO Robert Crowl: "Our team is fully committed to executing our business plans and meeting the closing requirements for our merger with Ocwen."Read More
Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count May 8, 2018 Brandon Ivey and Paul Muolo It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...Read More
New Residential Hires Fortress Executive David Schneider as New CAO May 8, 2018 Paul Muolo Fortress also controls roughly 500,000 shares of New Residential's common stock and holds options on 18.1 million shares. Read More
Redwood Posts a Handsome Profit for 1Q18, Reports Strong Demand for Jumbos May 8, 2018 Brandon Ivey Redwood is set to issue its largest expanded-credit MBS ever: A $520.48 million security backed by…Read More
MIAC Offers Up $2.2 Billion of Servicing Rights May 8, 2018 Paul Muolo The seller of the portfolio will provide full representations and warranties.Read More
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