Freddie Mac Gears New NPL Auction to Smaller Investors April 22, 2015 Carisa Chappell Qualified buyers have until June 2 to bid on the Miami-based loans.Read More
Interactive Mortgage Advisors Unveils Two New MSR Deals April 22, 2015 Paul Muolo On IMA’s other deal, the brokerage firm is offering $100 million per month of Fannie Mae/Freddie Mac “flow” product.Read More
Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer April 22, 2015 Paul Muolo and Brandon Ivey It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.Read More
Are ‘Fast Servicers’ Impacting the TBA market? Nonbanks a Factor? April 21, 2015 Brandon Ivey The Federal Reserve is seen as taking the brunt of nonbank servicer-induced prepayment risk on agency MBS.Read More
Bank Sells $2 Billion Bond to a GSE in Deal Assisted by MIAC April 21, 2015 Paul Muolo The sale actually closed at yearend, although it was revealed in a press statement dated April 21.Read More
Short Takes: The Quicken Data Dump to DOJ / Dan Gilbert’s Growing Portfolio of Detroit Properties / Ocwen Gets Extension / ASPS Grants Options to Executives / BofA and IBM? April 20, 2015 Paul Muolo and Brandon Ivey The lender says government investigators have conducted lengthy depositions with numerous Quicken leaders…Read More
PMIER Fallout: Genworth May Need $700MM of Additional Capital but Expects to be Compliant April 20, 2015 Paul Muolo In trading Monday, Genworth’s stock price was down slightly trading at $7.96. Its 52-week low is $6.75, its high $18.74.Read More
What We’re Hearing: Concern Over LPMI Discounting? / RoundPoint Still Hunting for a Suitor / A Book out on Seterus? / When Fannie Almost Bought Litton / loanDepot Claims It’s Among the Fastest April 17, 2015 Paul Muolo If Fannie Mae bought a servicing platform Congress, of course, would blow a gasket...Read More
GSE Refi Loans with PMI Spike 37 Percent in First Quarter 2015 April 16, 2015 John Bancroft The steadily declining average loan-to-value ratio on PMI-covered refinances reflects dwindling production in the HARP program.Read More
Treasury Point Man on GSE Reform Defends PSPAs April 15, 2015 Carisa Chappell The remaining undrawn taxpayer commitment to the GSEs is $258.1 billion dollars, Stegman noted.Read More
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