Last month, Federal Housing Finance Agency Director Mel Watt said he’s prepared to allow Fannie and Freddie to build some type of capital buffer to avoid a Treasury draw…
PRMG Mortgage of California is looking to grow its wholesale and correspondent channels and is presently searching for new account executives and support staff…
When it comes to price performance, it’s been an ugly couple of years for mortgage stocks, particularly for struggling lender/servicers such as Ocwen Financial, PHH Corp., and Walter Investment Management Corp. In a nutshell, it’s been impossible for many firms to go public or issue additional shares, though there have been exceptions, such as the MBS-investing real estate investment trusts and Impac Holdings. But now there’s talk that some larger nonbanks, and even some smaller players, might be able to issue corporate bonds. According to investment banking advisors, one trend that favors such a development is...