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Short Takes: Will SCOTUS Allow Underwater Seconds to be Dismissed? / And Now a Word from RoundPoint / GSE Conservatorships: Long, Strange Trip, Man / A GSE Bill Passing? Not Likely / More on Nationstar

March 25, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Although RoundPoint isn’t taking any questions regarding a possible sale of the company, it recently published a statement regarding its co-issuance and subservicing businesses.
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Is the IBM-Owned Seterus About to Face the Music?

March 25, 2015
Paul Muolo
Getting information out of Seterus about its business is like trying to crack the Kremlin.
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Wells Fargo Will Close Milwaukee Servicing Platform, 1,000 Layoffs Predicted

March 25, 2015
Paul Muolo
As loan quality improves, it endangers the job prospects for "high-touch" servicing specialists.
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Ocwen Declared Noncompliant by NYSE; Delisting a Possibility

March 24, 2015
Paul Muolo
Although Ocwen is out of compliance with the NYSE, it continues to sell mortgage servicing rights. Late Monday it disclosed a $25 billion MSR sale to Nationstar.
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Everyone Loves the Potential of Non-Agency Lending, But…

March 24, 2015
John Bancroft
Eric Rosenzweig, principal at Stone Point Capital, sees many business plans from people who want to get into the non-qualified-mortgage space.
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Mortgage Industry So-So on CFPB Servicing Changes Tied to RESPA-TILA

March 24, 2015
Thomas Ressler
The CFPB amendments cover nine primary topics, including force-placed insurance and loss mitigation...
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Is Walter the Next Ocwen? Green Tree Hit With Servicing Downgrades

March 24, 2015
Brandon Ivey
Fitch said the downgrade was tied to Green Tree’s “aggressive portfolio growth,” noting that the nonbank grew its MSR portfolio by almost three-fold over the past two years.
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Bank of America Sells GNMA Servicing Rights to Carrington. But How Much?

March 24, 2015
Paul Muolo
Sources note that earlier in the year, the privately held Carrington was the winning bidder on a roughly $20 billion package of Ginnie MSRs sold by BofA.
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Short Takes: Oh, That’s Why John Devaney Likes Ocwen / Freddie Mac Cranks Up NPL Sales / Freedom Mortgage Continues Hiring Spree / Tavistock and the Bear / Former CFPB Attorney Lands at Wilmer Cutler

March 24, 2015
Carisa Chappell and Paul Muolo
But when the letter first came to light one little fact was not readily known: that Devaney was also an Ocwen shareholder.
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Ocwen Dumping ‘Clean’ GSE Servicing Rights First; Then the Hard Part Comes

March 24, 2015
Paul Muolo
But now comes the hard part for Ocwen: Unloading Fannie Mae and Freddie Mac receivables that have delinquencies.
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