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Agency MBS Does Its Part: Small but Steady Growth

March 25, 2015
John Bancroft
Fannie Mae is still the most prolific author of single-family MBS, accounting for 46.6 percent of agency MBS outstanding at Dec. 31.
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IG Report: FHFA Took 750 Conservatorship ‘Actions’ Against the GSEs in 2014

March 25, 2015
Paul Muolo
Fannie and Freddie don't get out of bed in the morning without first talking to the FHFA. (Then again, the two are in conservatorship.)
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Short Takes: Will SCOTUS Allow Underwater Seconds to be Dismissed? / And Now a Word from RoundPoint / GSE Conservatorships: Long, Strange Trip, Man / A GSE Bill Passing? Not Likely / More on Nationstar

March 25, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Although RoundPoint isn’t taking any questions regarding a possible sale of the company, it recently published a statement regarding its co-issuance and subservicing businesses.
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Is the IBM-Owned Seterus About to Face the Music?

March 25, 2015
Paul Muolo
Getting information out of Seterus about its business is like trying to crack the Kremlin.
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Ocwen Declared Noncompliant by NYSE; Delisting a Possibility

March 24, 2015
Paul Muolo
Although Ocwen is out of compliance with the NYSE, it continues to sell mortgage servicing rights. Late Monday it disclosed a $25 billion MSR sale to Nationstar.
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Is Walter the Next Ocwen? Green Tree Hit With Servicing Downgrades

March 24, 2015
Brandon Ivey
Fitch said the downgrade was tied to Green Tree’s “aggressive portfolio growth,” noting that the nonbank grew its MSR portfolio by almost three-fold over the past two years.
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Short Takes: Oh, That’s Why John Devaney Likes Ocwen / Freddie Mac Cranks Up NPL Sales / Freedom Mortgage Continues Hiring Spree / Tavistock and the Bear / Former CFPB Attorney Lands at Wilmer Cutler

March 24, 2015
Carisa Chappell and Paul Muolo
But when the letter first came to light one little fact was not readily known: that Devaney was also an Ocwen shareholder.
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Sale of RoundPoint Hits a Snag, Company Still In Play: Sources

March 23, 2015
Paul Muolo
"There was a deal, but it went by the boards," said one source close to the servicer.
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Ocwen Dismisses Accusations from Non-Agency MBS Investors, Claims No Ongoing EoD

March 23, 2015
Brandon Ivey
In a letter sent Sunday to trustees of the MBS, Ocwen tried to rebut claims made in January by BlackRock, PIMCO, Metropolitan Life and others...
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Depositories Hike Mortgage Holdings; More Keeping GSE Eligible Loans

March 22, 2015
Brandon Ivey
Urban Institute's Karan Kaul noted that some banks have opted to keep mortgages that are eligible for sale to the GSEs.
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