Home Equity Softened in 1Q17, but Growth Prospects Looking Up June 21, 2017 John Bancroft Bank of America continued to dominate second lien lending with $4.05 billion of originations during the first quarter of 2017…Read More
Subservicers Post Steady Gains; Cenlar Continues its Dominance June 21, 2017 Paul Muolo Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…Read More
Sen. Warner: GSE Reform Could Come Before Dodd-Frank June 21, 2017 Carisa Chappell Sen. Warner noted the Trump administration is committed to doing something about the GSEs…Read More
Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD June 21, 2017 Paul Muolo The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?Read More
Nonbanks to FHFA: We’d Rather You Didn’t Examine Us June 20, 2017 Paul Muolo Bottom line: Nonbank mortgage firms don’t want another regulator to answer to…Read More
Banks and Thrifts Continue to Backpedal From Mortgage Servicing June 20, 2017 John Bancroft Not all depositories are retreating from the MSR market. The credit union industry reported a combined $197.6 billion in mortgage servicing for others at March 31, up 1.5 percent…Read More
Short Takes: Fed Vice Chair Fischer Says Go with the ‘Explicit’ Guarantee / Asking the Fed’s Opinion on GSE Reform? / FBR Bullish on MI / A Slight Pay Cut for MGIC’s CEO / Ocwen Hires Ex-Stonegate Executive June 20, 2017 Paul Muolo FBR believes continued changes at FHA will benefit private mortgage insurers... Read More
FHFA to Seek Authority to Examine Nonbank GSE Servicers June 19, 2017 John Bancroft Counterparty risk appears to be on the mind of the FHFA…Read More
A 15.1 Percent Jump in GSE Loan Buybacks for 1Q17, But Overall… June 19, 2017 John Bancroft There will likely be more buyback demands on the 2015 book of business in the future, but the total may not ever get to even 0.1 percent of issuance.Read More
Short Takes: loanDepot Beefs Up Social Media Research / Fairholme Attorney on the Phone / Stated-Income Loan from Silver Hill / What Cowen Expects / Premium Title Grows Sales Team June 19, 2017 Carisa Chappell and Paul Muolo Fairholme is scheduled to talk about its investment in Fannie Mae and Freddie Mac...Read More
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