MountainView Offering $3 Billion-Plus of MSR Deals March 16, 2016 Paul Muolo The MSR sale market continues to pick up steam. Last week, IMA came to market with almost $3.70 billion of bulk mortgage servicing deals...Read More
JPM To Issue Unique $1.89 Billion MBS, Containing Conforming, Jumbos, Risk Retention March 15, 2016 Brandon Ivey The mortgages have seasoned for an average of 14 months and have pre-TRID application dates. Read More
With Loan Volumes Sinking, W.J. Bradley Decides to Close its Doors March 15, 2016 Paul Muolo One observer had this to say about the firm closing: "They literally shut their doors ... no vacation time pay either..."Read More
Hedge Funds Dump Nonbank Mortgage Shares, PHH and Ocwen In Particular March 15, 2016 Paul Muolo An investor in Ocwen, for instance, that bought into the stock two years ago at $60 a share is now facing a loss of 96 percent. Read More
Executive of GSE ‘Shareholder Rights Group’ Sues, Seeking Access to Fannie/Freddie Corporate Records March 15, 2016 Carisa Chappell Tim Pagliara, executive director of Investors Unite, is the lone plaintiff in this case...Read More
Short Takes: Do the GSEs and Ginnie Know About WJB? / 500 Employees / The WJB-RPM LO Case / Angel Oak Rolls Out New Product / EverBank Sells Debt March 15, 2016 Paul Muolo At last check, W.J. Bradley employed roughly 500 workers...Read More
FHA, VA Call for Forbearance in Flint, MI, Over the Water Contamination Crisis March 14, 2016 George Brooks HUD’s Single Family Policy Handbook authorizes lenders to order testing or remediation to ensure that the property’s public-water supply has acceptable levels of contaminants.Read More
New Player in Servicing Sales MorVest Capital Hires National Sales Director March 14, 2016 Paul Muolo MorVest has represented only sellers of mortgage servicing rights, but that may change... Read More
Rising Share Price Effects Nationstar’s Stock Repurchase Program March 14, 2016 Paul Muolo When the nonbank first unveiled the stock buy-back program, its shares were trading at $8.61.Read More
Short Takes: The Moving of a Subservicing Contract / GOS on the Rise in 1Q16 / Don’t Worry About Oil Prices and Mortgage Losses / CFPB Considers Rural Definitions / Altisource Gains Two Large Bank Clients March 14, 2016 Brandon Ivey and Paul Muolo Good news for mortgage bankers: gain-on-sale profit margins are on the rise.Read More
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