Short Takes: The CSP is Costing How Much? / As for the Implementation Date… / Ocwen Loses Money on MSR Sale / Walter’s ‘Insurance’ Transaction? / A New Hire for MIAC September 16, 2015 Paul Muolo Technology, like MBS, can be complicated. Just read the new FHFA report…Read More
Coming This Fall: Congressionally Mandated Salary Caps for Fannie/Freddie CEOs? September 16, 2015 Carisa Chappell GSE watchers anticipate the salary cap legislation will be signed into law this fall.Read More
Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender September 15, 2015 Paul Muolo Ocwen blames the anticipated loss on lower revenue and higher operating expenses.Read More
Bank of America Remains the Mortgage Repurchase King September 15, 2015 John Bancroft Bank of America still leads the industry in buybacks with $539 million on a year-to-date basis, or 28.5 percent of the total for all banks. Read More
Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo September 15, 2015 Thomas Ressler The trend continues: Work for the CFPB for a year or so and then cash out...Read More
Radian Launches Two Jumbo MI Offerings, Including Product for Medical Professionals September 15, 2015 Brandon Ivey It seems that more MI firms are sticking their toes into the jumbo waters...Read More
Ocwen Now Expects a Loss for 2015; More Layoffs Planned; Oh, and It Hopes to be a Top 10 Lender September 15, 2015 Paul Muolo According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams... Read More
HARP Refi Volume Just About Flat in 2Q15 September 15, 2015 John Bancroft Fannie Mae had a slight increase in HARP activity and accounted for 59.3 percent of the total for the two GSEs...Read More
Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume September 15, 2015 Paul Muolo In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.Read More
And the Beat Goes On: Banks Continue to Shed Servicing Rights September 14, 2015 John Bancroft Two companies – Wells Fargo and Bank of America – accounted for virtually all of the decline in bank MSR holdings during the second quarter.Read More
RSS