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Short Takes: Nationstar to Launch Xome / Fortress Controls 66 Percent of NSM / Hedge Funds Invest in Private Money Lenders / FGMC Posts Nice Origination Gain / Foreclosure Law Firm Goes Bust

May 19, 2015
Paul Muolo
First Guaranty Mortgage Corp., Frederick, MD, originated $940 million of home mortgages in the first quarter, a 48 percent jump from the same period a year earlier.
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The Latest Word From the CFPB’s Cordray on TRID: August 1, No ‘Soft’ Enforcement?

May 19, 2015
Thomas Ressler
The CFPB also disputed the notion that the Aug. 1 effective date comes at a bad time on the closing calendar...
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Wells, Ocwen, Others Agree to Register and Maintain Vacant Properties in New York

May 19, 2015
Brandon Ivey
Under existing New York law, mortgage companies aren’t required to maintain vacant properties until they receive a judgment of foreclosure...
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FHA Premium Cut Helped Fuel 1Q Jump in Government Lending; Quicken #1 Again

May 19, 2015
George Brooks
Quicken once again ranked first among all FHA lenders, funding $2.46 billion during 1Q, more than double the volume of its closest competitor, Wells Fargo.
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MountainView, Phoenix Capital Out with $1B-Plus MSR Deals

May 19, 2015
Paul Muolo
The seller of the MSRs was identified as a “subsidiary of a publicly traded company established in 1995.”
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Morgan Stanley Cuts Stake in Ocwen as Shorts Increase

May 19, 2015
Paul Muolo
According to the website ShortSqueeze.com, almost 30.2 million shares of Ocwen are presently being shorted by speculators or 46.48 percent of the float...
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Performance of a Shrinking Balance of Subprime Loans on the Rise. Yes, That’s Right

May 18, 2015
Brandon Ivey
According to exclusive figures compiled by Inside Nonconforming Markets, roughly $320.0 billion in subprime mortgages were outstanding at March 31, 2015.
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Thanks to HLSS Deal, New Residential Controls 34 Percent of Non-Agency ‘Clean Up’ Calls

May 18, 2015
Brandon Ivey
“This should be terrific for our company,” said Michael Nierenberg, New Residential’s president and CEO, during a recent conference call with investors. “We expect sustainable earnings as a result of our long-term deal pipeline.”
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SEC Opens Inquiry on Use of Collection Agents at Ocwen and Other Firms

May 18, 2015
Brandon Ivey and Paul Muolo
Existence of the probe was mentioned in the same paragraph about the NY SEC investigating Ocwen’s business dealings with affiliate companies such as Altisource...
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Ocwen Works to Address Operational Uncertainty By Adjusting Financing Agreements

May 18, 2015
Brandon Ivey
Among other actions, Ocwen entered into an agreement in April to receive up to $125.0 million of backup financing for new loan originations...
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Latest Imf News

  • Specified-Pool Share of GSE Issuance Up in First Quarter

  • Mortgage One Acquisition Tied to Stock, Earnout, Consulting

  • UWM Still Willing to Revise Offer for Two Harbors

  • Annaly Packages Seasoned ARMs in Non-Agency MBS

More Imf News

Featured Data

  • Fannie and Freddie Earnings on Different Trajectories

  • Agency MBS Issuance Hits Four-Year High in April

  • Largest Servicers Lose Some Market Share in 1Q

  • Mixed Trends for Largest Ginnie Servicers in 1Q

More Featured Data

Featured Reports

  • Guide to Mortgage Lending to First-Time Homebuyers

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  • IMF HMDA Dashboard: 2025

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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