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FHFA IG Says GSE Profit Revival Won’t Last; G-Fee Doubts?

March 18, 2015
Paul Muolo
Another possible outcome on g-fees is no change at all. To date, FHFA Director Mel Watt hasn’t tipped his hand.
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Lenders More Optimistic on Profits, Mortgage Demand

March 18, 2015
Carisa Chappell
Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.
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Ocwen Inks Yet Another MSR Sale: $9.6 Billion of Freddie Product to Walter

March 18, 2015
Paul Muolo
Ocwen Financial is turning into an MSR selling machine!
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Short Takes: Nonprime Lender Deephaven Gains a Top Executive / A Harbinger of LLPA Changes? / An Easing of Credit Standards? / Where Are Impac’s Earnings? VRM Hires Former Fannie Official

March 18, 2015
Paul Muolo and Carisa Chappell
Subprime lender Deephaven Mortgage has a new executive...
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GSE Market Share Hits Post-Conservatorship Low in 4Q

March 17, 2015
John Bancroft
For all of last year, Fannie and Freddie securitization of newly-originated loans accounted for just 65.7 percent of MBS issuance, primarily because declining refi volume...
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Sources: JPMorgan the Buyer of Ocwen’s $45B Fannie MSR Portfolio

March 17, 2015
Paul Muolo
Walter Investment also was looking at the Ocwen receivables, sources said.
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The Unhappy Return of GSE Buybacks: A 31 Percent Increase

March 16, 2015
John Bancroft
Despite the sequential jump in buybacks, the fourth quarter total was the second-lowest repurchase amount disclosed by the two...
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Nonbank Selling $1.34 Billion of GSE and Ginnie Mae MSRs

March 16, 2015
Paul Muolo
Texas is well represented in the bulk package being offered by Phoenix Capital.
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Short Takes: So, Who’s The Lucky Captive (REIT) Approved for FHLB Membership? / 23 Responses on the CSP / Fannie Headed Downtown / Comergence Gets New Assignment

March 16, 2015
Paul Muolo and Carisa Chappell
The captive insurer is owned by a REIT, a spokeswoman for the district bank said, but declined to name either.
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NY Court Clears BofA’s $8.5B MBS Settlement with Investors; Nomura Goes to Court Against FHFA

March 13, 2015
The dispute around an $8.5 billion settlement between Bank of America and non-agency MBS investors may be at an end after a New York state appeals court signed off on the deal. The agreement would mean a quick end to a lengthy legal battle over a settlement that was first announced on June 28, 2011. It also means the agreement could become the template for all representations-and-warranties settlements with large institutional investors, analysts said. BofA agreed...
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