Short Takes: Some Lenders Think Mortgage Counseling is a Waste of Time / Credit Suisse Readies New Jumbo Deal / Originations Rise Slightly at BB&T / More MSR Deals / DocMagic Rolls out TRID Service April 23, 2015 Brandon Ivey and Paul Muolo The top contributor to the new Credit Suisse jumbo deal is New Penn, which is controlled by MBS co-inventor Lew Ranieri.Read More
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
Redwood’s Latest Jumbo MBS Includes Highest Share Yet of Non-QMs April 22, 2015 Brandon Ivey Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share. 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
Wall Street’s Return to Mortgage Lending: Blackstone Buys a Residential Lender April 22, 2015 Paul Muolo Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?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
Cherry Hill Receives $25 Million Loan to Obtain Leverage on Excess Servicing April 21, 2015 Brandon Ivey Earlier this year Cherry Hill agreed to buy Aurora Financial Group and its $700 million servicing portfolio for $4 million. Included in the purchase was Aurora’s agency approvals.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: MBA Backs Changes at CFPB / A Strong Quarter from MGIC / The Weekend the Lights Went out at FHA / S&P Puts Ocwen on Watch List / Executive Bolts Ocwen for Green River April 21, 2015 Paul Muolo and Thomas Ressler The MBA is backing changes to how the CFPB functions...Read More
Green Tree in $63 Million Settlement with the CFPB; Servicer Accused of Harassing Overdue Borrowers April 21, 2015 Paul Muolo First Ocwen, now Green Tree...Read More
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