It’s Time for Lenders to Consider Loosening Underwriting Guidelines: CoreLogic January 7, 2015 Brandon Ivey Molly Boesel, a senior economist at CoreLogic, said mortgages originated in the past four years are among the most pristine loans made in the past two decades.Read More
Morgan Stanley Discloses 7.9 Percent Stake in Ocwen – On Behalf of Clients January 7, 2015 Paul Muolo On an annualized basis, Ocwen Financial is still profitable and has a price-to-earnings ratio of 10.Read More
Fitch: Progress Slow on Needed Changes for Non-Agency MBS January 6, 2015 Brandon Ivey Potential actions by regulators also give non-agency MBS investors cause for concern. Read More
Will Nationstar be the Big Kahuna of MSR Acquisitions? January 6, 2015 Paul Muolo A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...Read More
What We’re Hearing: The Top Mortgage Stories of 2014: A Kinder, Gentler FHFA; The Ocwen Disaster; Nonbanks (Except for Ocwen) Continue to Thrive; The End of QE; A Mortgage M&A Boom in Miniature; The FHA MMIF Returns to the Black… January 2, 2015 Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)Read More
More Firms Angle for Whole-Loan Trading December 30, 2014 Thomas Ressler FIG Partners will now buy or sell performing and non-performing residential mortgages and much more.Read More
REITs that Focused on Residential MBS See Promise in Commercial December 29, 2014 Brandon Ivey PennyMac Commercial will focus on mortgages of under $10 million.Read More
More Law Firms Announce ‘Investigations’ Into Ocwen December 29, 2014 Paul Muolo The latest entry into the Ocwen legal sweepstakes is Lifshitz & Miller, Garden City, NY, whose specialties include class action lawsuits.Read More
Banks Increase Holdings of First Liens Ever So Slightly December 24, 2014 Brandon Ivey Wells Fargo and JPMorgan Chase increased their first-lien holdings compared to 3Q 2013 while Bank of America and Citigroup experienced a decline.Read More
Five Oaks, Credit Suisse Team Up on New Jumbo MBS December 24, 2014 Brandon Ivey The new jumbo MBS from Five Oaks includes representations and warranties that do not sunset. Read More