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Mr. Cooper Reports $54 Million Profit for 3Q18, Agrees to Buy $10B Originator

November 8, 2018
Paul Muolo
Several months ago, rumors began to surface that Pacific Union might be for sale...
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Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter

November 8, 2018
Brandon Ivey
Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”
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Impac Suffers Another Loss. Revenue and Originations Take a Hit. Layoffs Too

November 8, 2018
Paul Muolo
About 41 percent of Impac's volume now entails non-QM lending...
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Short Takes: A Sale Agreement but What’s the Price, Mr. Cooper? / A Material Event? / UBS Expects DOJ Action / Ellington’s New Non-QM MBS / A New Hire for Home Point

November 8, 2018
Brandon Ivey and Paul Muolo
UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...
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GSE Combined Earnings Slip in the Third Quarter, Fannie MBS Guarantee Fees Up

November 8, 2018
Fannie Mae and Freddie Mac generated a combined net income of $6.72 billion during the third quarter of 2018, down slightly from the $6.96 billion they generated in the previous period.
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NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer

November 7, 2018
Paul Muolo
Ditech said it has no plans to appeal the NYSE’s decision.
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Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High

November 7, 2018
Brandon Ivey
Risk layering remains uncommon on the new breed of expanded-credit mortgages…
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Ocwen’s New CEO Talks About Severance Payments, but Growth Too

November 7, 2018
Paul Muolo
Ocwen CEO Glen Messina: "Having completed the merger, we now have unrestricted access to PHH employees..."
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Another Quarterly Loss for Ocwen, New CEO Messina Calls for ‘Re-engineering’ the Cost Structure

November 6, 2018
Paul Muolo
Ocwen is planning a re-engineering of its cost structure...
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LoanStream Branches Out into Correspondent, Aims to ‘Dominate’ the Market

November 6, 2018
Brandon Ivey
LoanStream was already originating nonprime mortgages via retail and wholesale outlets...
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Latest Imf News

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