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Chief Investment Officer Bill King Departs Carrington

December 5, 2013
Paul Muolo
Bill King joined Carrington 18 months ago, but recently departed the firm, which is owned by a hedge fund.
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Nationstar Mortgage May Buy $50 Billion in MSRs, Walter $31 Billion

December 5, 2013
Paul Muolo
Is the mortgage servicing sales market beginning to slow? Not in the least. Nationstar and Walter are active buyers.
Read More

Ocwen Plans Nonprime Originations

December 4, 2013
Brandon Ivey
A new type of subprime lending may be emerging and Ocwen Financial hopes to be a trailblazer.
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HUD Plans Nonperforming Loan Auction for Mid-December

December 4, 2013
George Brooks
The HUD NPL auction features 5,000 delinquent single-family loans totaling $1 billion in unpaid principal balances with representations and warranties.
Read More

M&A: IMH Sells a Servicing Platform, Flagstar Finally Unloads MSRs?

December 4, 2013
Paul Muolo
Impac Mortgage released a statement on the sale of a servicing affiliate, but was light on details, including the identity of the buyer.
Read More

NewLeaf Hopes to Table Fund $1.5B Through Brokers

December 4, 2013
Paul Muolo
Bill Dallas sees NewLeaf table funding a huge amount of mortgages through brokers next year.
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Short Takes: Ocwen Will Enter Non-RE Subprime Market / Daurio Meets with Potential Investors / Non-Agency Fundings Continue to Boom at Citadel / More Bad News on Mortgage Profits / Delay in CSP Job / CoreLogic Eyes SF Rental Market

December 4, 2013
Brandon Ivey and Paul Muolo
In other subprime news, industry veteran Jon Daurio was recently in New York talking to potential investors about his new nonbank venture, Nikkael Capital Corp.
Read More

Short Takes: Maybe the QM Won’t Be So Bad After All / Then Again… / Big Problems Coming From Higher Flood Insurance Premiums / Opus Sold to an Indian Firm / FHFA Gets a $1.2 Billion 'Claim'

December 3, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
What's the outlook for making mortgages collateralized by homes located in federal flood plains? Answer: Not so good.
Read More

PennyMac the Winning Bidder on CashCall’s $10 Billion of MSRs?

December 3, 2013
Paul Muolo
Several large bulk MSR deals are pending, but can they get done before year-end?
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Senators Blast Obama Administration’s ‘Wait and See’ Eminent Domain Approach

December 3, 2013
Charles Wisniowski
“Eminent domain may be a local matter, but in the context of seizing mortgages, its use would have national consequences,” the four senators write in their letter to Treasury Secretary Jack Lew.
Read More
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