Ocwen’s Expiring Consent Order with the NYDFS Will Remain in Effect December 4, 2014 Paul Muolo The original CO established an on-site compliance monitor at Ocwen, one of the nation’s largest servicers of delinquent loans.Read More
Philly Fed: So, Maybe Mortgage ‘Cramdowns’ Aren’t So Bad December 4, 2014 Brandon Ivey The Philly Fed argues that a mortgage "strip-down" could make homeowners better off and not harm lenders.Read More
Treasury’s OFR: Standard Used for QRMs Wasn’t Meant to Protect Lenders or Investors December 3, 2014 Brandon Ivey The Treasury Department noted that QRM standards do not include requirements for loan-to-value ratios. Read More
Genworth Survey: Industry Concerned About G-Fee Increase December 3, 2014 George Brooks Some 61 percent of mortgage executives believe lenders are overly restrictive with underwriting standards.Read More
Bank Holdings of Non-Mortgage ABS Spiked Higher in 3Q December 3, 2014 John Bancroft The sharp increase in industry holdings was fueled by a massive acquisition of credit card ABS by TD Bank...Read More
PennyMac Jumps Into Multifamily and Small-Balance Commercial Loan Market December 3, 2014 Paul Muolo Eventually, PMFS hopes to securitize its originations through PMMIT. Initially, its maximum loan amount will be $10 million,Read More
WinWater Set to Issue Its Third Jumbo MBS, FirstKey Helps Aggregate December 2, 2014 Brandon Ivey Prospect Mortgage is the top contributor to the deal with an 11.2 percent share of the collateral.Read More
Short Takes: Special Servicers Beat Banks on Distressed Mortgages… / One Caveat Though / Looser Mortgage Credit? Hah! / Northrim Closes M&A Deal / Former Freddie Official Lands at StoneHill December 2, 2014 Paul Muolo and Thomas Ressler A new poll from IMFnews and Inside Mortgage Finance suggests that lenders are hardly optimistic that the R&W changes will amount to anything. Read More
Goldman’s New Jumbo Deal: 8.35 Percent Credit Enhancement December 1, 2014 Brandon Ivey The deal marked a shift for EverBank – the bank typically retains its jumbo ARM originations in portfolio. Read More
Ocwen’s Consent Order with the NYDFS Expires Dec. 5; Then What? December 1, 2014 Paul Muolo The original consent order was dated Dec. 5, 2012, establishing the compliance monitor and more.Read More
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