No Flurry of ‘Bulk’ Servicing Deals This Time Around? November 11, 2015 Paul Muolo Meanwhile, mortgage servicing values have firmed up the past month, thanks to the recent rise in interest rates...Read More
Short Takes: Sen. Ted Cruz Wants to Kill HUD / A New 52-Week Low for Altisource Asset Management / Fannie Mae’s HQ Finally Hits the Market / NMI Gets Senior Secured Loan / The Fastest-Growing Servicers Among Us November 11, 2015 Carisa Chappell and Paul Muolo Sen. Rand Paul, R-KY, said he would not touch the mortgage interest deduction, but Dr. Ben Carson wasn't as friendly...Read More
Freddie Mac Launches Another $1B-Plus NPL Auction; Plenty of Product Left in the Well November 9, 2015 Paul Muolo According to Freddie’s recent 10-Q filing, the GSE has plenty of NPLs left to sell. Read More
An Issue That’s Not Going Away: Tech Vendor Performance on TRID November 9, 2015 Thomas Ressler “I don’t think it does a lot of good to play the ‘blame game’ and I don’t think that’s where the solution lies,” said Brian Benson, CEO of ClosingCorp. Read More
PHH-Merrill(?) PLS Contract Extension Talks Draw to a Close; Lender May Exit FHA November 9, 2015 Paul Muolo According to a transcript of the earnings call, PHH also is contemplating exiting the FHA program. Read More
Redwood Preparing to Issue Unique Jumbo MBS with Loans from UBS Bank November 9, 2015 Brandon Ivey KBRA noted that this will be the first post-crisis deal to include a significant contribution of mortgages from UBS Bank.Read More
Mortgage Brokers Shed Jobs, Lenders Still Hiring November 9, 2015 Paul Muolo Mortgage broker employment hit a multi-year low of 55,200 jobs in the spring of 2011, but the sector has steadily added workers...Read More
Short Takes: loanDepot Moving Closer to IPO? / Garrett Suggests a ‘Reverse’ Merger for Stonegate / Revenue Falls Off the Table at Altisource Asset Management / Nationstar in Servicing-Released Option for MPF November 9, 2015 Paul Muolo Maybe a "reverse" merger might work for Stonegate Mortgage...Read More
Overall, Mortgage Banking Profits Were Weak in 3Q; Nonbanks Took the Biggest Declines November 9, 2015 John Bancroft Meanwhile, regional banks appeared to weather the quarter better than other sectors of the mortgage industry…Read More
AIG Not Likely to Part Ways With United Guaranty; Of course… November 6, 2015 Paul Muolo So, where did all the talk of a possible sale or spin-off come from? Answer: from activist investor Carl Icahn.Read More
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