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.Read More
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...Read More
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...Read More
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...Read More
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. Read More
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….Read More
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.Read More
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...Read More
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.Read More
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...Read More