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Black Knight Nets Nearly $480 Million on IPO, Plans to Expand in Mortgage Services

May 27, 2015
Brandon Ivey
Black Knight plans to expand its offerings to existing clients, gain new clients, introduce new products and selectively acquire smaller vendors...
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Lone Star Funds Winning Bidder on Freddie Mac NPL Deal

May 27, 2015
Carisa Chappell
Although Freddie Mac did not disclose the exact purchase price, it said the cover bid was in "the mid 70s of UPB..."
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MountainView Selling Ginnie Mae MSR Package

May 27, 2015
Paul Muolo
According to the offering circular, the receivables are geographically dispersed with Texas accounting for the largest share at 7.2 percent.
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Short Takes: Who’s Blackstone Talking to Now? / Carrington Offering Low FICO Score Loan Thru Brokers / The Return of American Home’s Michael Strauss? / HUD IG Cites NTFN

May 27, 2015
Paul Muolo and George Brooks
We understand that American Home Mortgage founder and chief executive Michael Strauss may be launching a new nonprime lender...
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What Happens to the Mortgage Market When the Fed Pulls out of MBS?

May 26, 2015
John Bancroft
A big part of the MBS liquidity issue is caused by the Fed’s massive holdings, said Steve Abrahams, a managing director at Deutsche Bank.
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Bank Call Reports: Depositories Had Solid Increase in Mortgage Profits for 1Q15

May 26, 2015
John Bancroft
Although only 13 banks reported net losses on mortgage banking during 1Q – compared to 756 institutions with net profits – several of the top players earned less than they did in the fourth quarter.
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In Demand: LOs, Processors and Yes Mortgage CEOs

May 26, 2015
Paul Muolo
Another concern that has come up regarding employment is the graying of the mortgage executive suites.
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CFPB Confirms Final HMDA Rule Out Later This Summer

May 26, 2015
Thomas Ressler
Elsewhere, the CFPB continues to be steadfast on the August 1, 2015, effective date for its TILA/RESPA integrated disclosure rule...
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Short Takes: The MSR Deals Keep Coming / New Home Sales Strong / USRES Signs Up Nonprime Lender / Overvalued Housing in Texas / Altisource’s Latest Hire

May 26, 2015
Paul Muolo
One new portfolio that came out for bid recently entails the transfer of $328 million of Fannie Mae receivables in Massachusetts.
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MBS Market Faces Liquidity, Demand Issues When the Fed Finally Decides on Exit Strategy

May 22, 2015
The mortgage market faces a big challenge when the Federal Reserve figures out how to unload its massive $1.7 trillion portfolio of agency MBS, but anticipated widening of spreads could at least improve market liquidity. The fixed-income market has seen a sharp decline in trading volume resulting in part from regulatory issues, said Mike Fratantoni, chief economist at the Mortgage Bankers Association, during the group’s annual secondary market conference in New York this week. “Banks have been hoarding liquidity instead of providing it to the market,” he said. Average daily trading volume of MBS has dropped...
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