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Short Takes: Will the Last Jumbo Securitizer Left in the Business Please Turn Off the Lights / A Positive Word on Ocwen / Ocwen’s Irony / A Tidbit on One of MBA’s New Members / Strong MI Results for Arch

July 28, 2016
Paul Muolo
JGWHL’s parent company was recently delisted by the New York Stock Exchange…
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Small Commercial Banks Quietly Amassing MSR Market Share

July 27, 2016
Brandon Ivey
Smaller depositories held 8.0 percent of the banking industry’s total mortgage servicing assets in 2015, up from a share of less than 2.0 percent as recently as 2009.
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Servicers Wonder How Much Time the CFPB Will Give Them on New Rules

July 27, 2016
Thomas Ressler
“We have a pretty good idea of what the bureau is going to do in substance,” said Donald Lampe, a partner in the financial services group at Morrison & Foerster…
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Short Takes: Mortgage M&A Mania Finally Arrives? / Five Oaks Halts Jumbo Aggregation / Angel Oak Rolls Out Investor NI Product / Fannie Tweaks High-LTV Guidelines / Mountain States Lead the Way, Says Black Knight

July 27, 2016
Brandon Ivey, Macie Jones, and Paul Muolo
Nonprime lender Angel Oak Mortgage Solutions is now offering a “no-income” loan to investors with credit scores as low as 660...
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Ocwen Lost $87.3 Million in 2Q16, but Originations Increased 35 Percent

July 27, 2016
Paul Muolo
However, one bright spot was originations, which increased sequentially by 35 percent to $1.32 billion.
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Top 40 Originator EverBank in Takeover Talks with ‘Well-Respected’ Financial Services Firm

July 26, 2016
Paul Muolo
However, EverBank has been cutting back its presence in residential finance, a trend that was cemented when Tom Wind left the company in December...
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Flagstar Grows Originations by 31.1 Percent in Second Quarter

July 26, 2016
Paul Muolo
Flagstar capitalized its residential servicing portfolio at 99 basis points at June 30, compared to 106 bps at March 31.
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Bulk MSR Sales Heated Up in 2Q16 Along with Surge in ‘Co-Issuance’ Deals

July 26, 2016
John Bancroft
Some banks nearly tripled their bulk MSR acquisitions in 2Q16. SunTrust, for example, bought $7.41 billion of GSE servicing during the period, making it the third most active buyer in the market.
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Short Takes: Ginnie Mae MSR Demand: Deadly Slow? / FHFA IG Says Agency Shirking Its Duty / Summer Foreclosure Rates Looking Good (for Consumers) / Prepayment Speeds Spike / A New Hire at NCB

July 26, 2016
Carisa Chappell, Brandon Ivey, Paul Muolo, and Sherry Muolo
The IG accused the FHFA of shirking its responsibility to effectively examine Fannie Mae and Freddie Mac...
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Megabank Originations Surged in 2Q16, but Mortgage Profits Sagged

July 25, 2016
John Bancroft
The bigger issue was a sharp drop in net servicing income…
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