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CRT Capital Group Pulls the Plug on Sterne Agee CRT; Firm Followed Several Mortgage Stocks

June 22, 2016
Paul Muolo
CRT Capital’s backers include Aquiline Capital Partners, which 18 months ago bought a large stake in subservicer/service provider LenderLive.
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Federal Regulators Plead for Housing Finance Reform Legislation, Note They are ‘Approaching the Limits of their Ability to Enact Reform’

June 22, 2016
Brandon Ivey
Financial regulators tell Congress: Do something now on GSE reform before it's too late...
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25 Trade and Community Groups Tell FHFA Chief Mel Watt: Kill LLPAs Now

June 22, 2016
Paul Muolo
The mortgage industry and others want LLPAs eliminated now...
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IMA Selling Almost $5 Billion of GSE Servicing Rights

June 22, 2016
Paul Muolo
The market is beginning to see more MSR auctions, much of it tied to GSE product...
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Short Takes: FHA Ready to Cut the MIP? / 100 Guests at Ginnie Liquidity Summit / In Demand: Mortgage Underwriters / Citadel Employee Count at 160 and Growing / Freddie Keeps Selling NPLs

June 22, 2016
Carisa Chappell and Paul Muolo
Roughly 100 guests were invited to the Ginnie Mae "liquidity summit," including regulators from the Federal Reserve.
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Wells Fargo Remains the Top Jumbo Servicer – By Far; Strong Growth for JPM

June 22, 2016
Brandon Ivey
Chase serviced $169.70 billion of jumbos at March 31, up 27.3 percent from the year before….
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PE Firms Rethinking their Massive Investments in MSRs?

June 21, 2016
Paul Muolo
Seneca – whose backers include The Blackstone Group, EJF Capital and Arbor Commercial Mortgage – may not be so growth-oriented going forward.
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Short Takes: CFO of Marketplace Firm Departs / The Coming Bloodbath in Marketplace Lending? / More Non-Delegated Options for Sellers / MiMutual Posts Nice Production Gain / He’s Back: GSE Wag Bill Maloni

June 21, 2016
Brandon Ivey and Paul Muolo
Consultant Joe Garrett noted that if investors are worried about marketplace lenders in the current credit environment, just wait until the economy eventually goes south...
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Interest-Only Lending Up Almost 27 Percent in 1Q16

June 20, 2016
Brandon Ivey
Chase, which has significantly increased its jumbo originations in recent years, more than doubled its IO originations in the first quarter.
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MIAC and MountainView Out with New MSR Auctions

June 20, 2016
Paul Muolo
More servicing auctions are hitting the market but sellers have to be realistic on pricing...
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