Mortgage Lenders Still Playing it Safe on Loans Sold to Fannie and Freddie August 12, 2015 John Bancroft In the second quarter of 2015, 66.4 percent of loans sold to the GSEs had credit scores of 740 or higher.Read More
Ocwen Prevailing in Face of Disgruntled Non-Agency MBS Investors August 12, 2015 Brandon Ivey Ocwen faces the potential loss of non-agency MBS servicing on two fronts but so far investors are not pulling the trigger...Read More
Plenty of Nonperforming Mortgages are Being Securitized, Just Not Publicly August 12, 2015 Paul Muolo About three years ago, some investors – private equity firms and hedge funds in particular – started purchasing NPLs as a cheaper alternative to buying foreclosed homes.Read More
Thanks to China, Another Refi Wave May be Upon Us. Or Not. MSR Markdowns? August 12, 2015 Paul Muolo If rates continue to head south it could result in large hedging losses and markdowns on mortgage servicing rights.Read More
First Tennessee Shows Strong Growth in Warehouse Unit August 11, 2015 Paul Muolo First Tennessee has 172 warehouse customers, compared to 160 a year ago.Read More
VA Securitization Gains in 2Q, but FHA Really Takes Off August 11, 2015 George Brooks Meanwhile, $69.1 billion in FHA purchase and refi loans were securitized in 2Q, a whopping 93.9 percent sequential gain.Read More
Five Oaks Takes Loss, Hopes to Issue Another Jumbo MBS in September August 11, 2015 Brandon Ivey Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.Read More
Short Takes: Blackstone Finally Admits, Yes We’ve Been Buying Some Mortgage Companies / Who is Brian Libman? / Cherry Hill Joins an FHLB / Sistar Mortgage is Hiring / MCT Lands CMG Official August 11, 2015 Paul Muolo The Blackstone Group has finally lifted the 'cone of silence' on its acquisition of mortgage lenders. But will it disclose origination figures?Read More
Nonbank Lender loanDepot Rolls Out a Suite of Second Lien Products August 10, 2015 Paul Muolo In general, most nonbanks exited the second lien arena in the wake of the financial crisis.Read More
Short Takes: Will Other Nonbanks Follow loanDepot on HELOCs? / A Threat to the MI Industry? / Auction.com Updates Forecast / BofA and Its ‘Goodwill’ / Altisource Makes it Official on Willison August 10, 2015 Paul Muolo Will the industry see a flood of nonbanks into the second lien market?Read More