Agency MSRs: Nonbanks Continue to Steal Market Share From the Megabanks April 23, 2015 John Bancroft Most of the slack is being taken up by nonbanks, which serviced $1.571 trillion of agency MBS at March 31.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
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
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
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
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
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