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A ‘Bank’ Is Buying Ocwen’s $45 Billion Package of Fannie Mae Servicing Rights

March 3, 2015
Paul Muolo
The identity of the bank could not be confirmed at press time...
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Although Fannie and Freddie are Shrinking, Staffing Levels Hold Steady

March 3, 2015
Brandon Ivey
Freddie had 4,957 full-time employees and 50 part-timers as of Feb. 5, down 2.1 percent compared to a year ago.
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Freddie Mac Sells $392 Million of Seriously Delinquent Loans to Pretium and Bayview

March 3, 2015
Carisa Chappell
Pretium won pools one and two, which have a combined loan balance of $238.6 million.
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Short Takes: HLSS Wants an Extension Too / What’s Behind Ocwen’s Goodwill Charge? / Stewart Title Headed to the Auction Block? / FHFA’s NPL Guidelines Expected? / Ben Lawsky Has Not Gone Home Yet

March 3, 2015
Paul Muolo and Carisa Chappell
Meanwhile, Ocwen watchers are scratching their heads over a fourth quarter goodwill charge that eventually could reach $420 million...
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Dragged Down by the Nonbanks, Mortgage Banking Income Slipped in 4Q

March 2, 2015
John Bancroft
For all of 2014, this group of banks and nonbanks earned $14.01 billion off of mortgages, a 39.6 percent drop from the year before.
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Fortress-Controlled Nationstar Files a $1 Billion Shelf for Debt, Stock and More

March 2, 2015
Paul Muolo
Nationstar is 74 percent owned by hedge fund giant Fortress Investment Group.
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Short Takes: FHFA Wants Greater Accountability on GSE NPL Sales / A Fannie NPL Auction? / Ocwen Earnings Not Coming Soon? / Radian Lassoes 200 New Customers / Michael Kim Moves to Apollo

March 2, 2015
Paul Muolo
On Monday, the Federal Housing Finance Agency published new guidelines to govern nonperforming loan sales by Fannie Mae and Freddie Mac...
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Ocwen Updates: Big Goodwill Charge, Plans to Sell $45 Billion of Fannie MSRs

March 2, 2015
Paul Muolo
Coupled with a recently announced Freddie Mac MSR sale to Nationstar ($9.8 billion), Ocwen estimated the sale of GSE receivables will generate $550 million in gross proceeds.
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Ocwen Tallies Up the Financial Damage on Servicing Terminations: $800,000; Speculation over 4Q Results Mounts

March 1, 2015
Paul Muolo
One investor, commenting on the lack of information regarding 4Q results, told IMFnews: “I think the attorneys are going to make them disclose a lot of stuff that they have been brushing under the rug..."
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Commercial Banks, Thrifts Add to MBS Portfolios in Late 2014

February 27, 2015
John Bancroft
At Dec. 31, depositories held $964.2 billion of pass-through securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, a gain of 1.3 percent from the third quarter.
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