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! Read More
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...Read More
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.Read More
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.Read More
Short Takes: Consumer Reports Advises Against Using Loan Brokers / NAMB: Come to Work With Us / Five Oaks Flying Solo on Jumbo MBS / Auction.com: Washington is Flipping Heaven / Ginnie MSRs for Sale March 17, 2015 Paul Muolo and Brandon Ivey “We don’t recommend that you hire a mortgage broker” for rate shopping purposes, says Consumer Reports magazine...Read More
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.Read More
The ‘Mystery’ Captive That Joined the Indianapolis FHLB is Five Oaks March 17, 2015 Brandon Ivey A ban on captive insurers joining the FHLB system appears to be over.Read More
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...Read More
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. Read More
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...Read More
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