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Nationstar Earns Just $2 Million in 1Q17; Firm Set to Board $155B in MSR Contracts

May 4, 2017
Paul Muolo
On the origination side of the equation, Nationstar funded $3.81 billion, a 13.2 percent drop from 4Q16.
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Slated for Sale, Stonegate Takes Loss in 1Q17; Originations Down 39 Percent

May 4, 2017
Brandon Ivey
At March 31, Stonegate serviced $17.42 billion of mortgages, up 6.9 percent from the previous quarter…
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Nonbanks Continue Assault on MSR Market; New Residential Emerges as a Major Player

May 4, 2017
John Bancroft
In no time at all, New Residential has become the nation’s sixth largest owner of residential servicing contracts.
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Short Takes: At Impac, a Nice Paycheck for Two Executives / Some History / A Strong Comeback / Invitation Completes Fannie Mae Deal / RedVision Hires Altisource Exec

May 4, 2017
Paul Muolo
The two top executives at Impac Mortgage Holdings took home a combined $13.22 million in pay last year...
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Mortgage Execs at Public Firms Got Big Paychecks in 2016 that Didn’t Always Match Results

May 3, 2017
Paul Muolo
Denmar Dixon, who stepped down as CEO of Walter Investment Management Corp. last year, received $6.62 million in total compensation for 2016 while the company posted a net loss of $529 million.
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Ocwen Reports a $32.6 Million Loss for 1Q17. State Sanction Tally Rises to 31

May 3, 2017
Paul Muolo
Ocwen’s management noted there is no guaranty the deal with New Residential will actually close.
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Mortgage Advisory Firm Collingwood Group Acquired by Global Player Situs

May 3, 2017
Brandon Ivey
Collingwood was founded in 2009 by industry veterans Brian O’Reilly, Brian Montgomery and Tim Rood.
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Short Takes: Mnuchin to the GSEs: Keep Those Checks Coming / Speculation on a Payment Change / Ocwen Makes Some Headway / 735,000 Loan Mods and Counting / First Mr. Cooper, Now Morty

May 3, 2017
Paul Muolo and Brandon Ivey
Perhaps the new Treasury secretary finally looked at the numbers, realizing that Fannie and Freddie – wards of the government since September 2008 – forked over roughly $20 billion to Uncle Sam…
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Jumbo Originations Down Sharply in 1Q17, but Lenders Remain Optimistic

May 1, 2017
Brandon Ivey
While jumbo production fell on a sequential basis, many lenders saw a gain when compared to the same quarter a year earlier…
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BKFS: An 11-Year Low for Mortgage Delinquencies

April 28, 2017
George Brooks
Of the five states with the largest share of non-current mortgages, Mississippi ranked first with 9.70 percent…
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