Short Takes: PennyMac Gets Hike on Repo Line / More on Ocwen’s Erbey / Rep. Royce Will Try to Stop the GSE Housing Trust Fund Contributions / What the New VA Loan Limits Mean December 30, 2014 George Brooks and Paul Muolo A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”Read More
Worry Wall: GSE Buybacks Tied to 2013 Production on the Rise December 30, 2014 John Bancroft The 2013 GSE book of business is getting a lot more attention from Fannie Mae and Freddie Mac.Read More
More Firms Angle for Whole-Loan Trading December 30, 2014 Thomas Ressler FIG Partners will now buy or sell performing and non-performing residential mortgages and much more.Read More
Mortgage Loan Officers Continue to be in Demand December 30, 2014 Paul Muolo and Sherry Muolo The general consensus among those interviewed is that nonbanks will be more aggressive in their recruiting than depositories.Read More
Short Takes: How Much Do Loan Officers Earn? / The Lending Club is Worth What? / $17.6 Trillion In Untapped Equity / Wild Stock Market Effecting Homebuyers? December 29, 2014 Paul Muolo and Sherry Muolo Of that amount, $9.9 trillion is mortgaged, according to Inside Mortgage Finance, which means consumers have untapped equity of $17.6 trillion. Read More
REITs that Focused on Residential MBS See Promise in Commercial December 29, 2014 Brandon Ivey PennyMac Commercial will focus on mortgages of under $10 million.Read More
Outlook Improving for First-Time Homebuyers but Underwriting Remains Tight December 29, 2014 Brandon Ivey However, originations aren’t expected to spike in 2015 due to a number of factors, including tight underwriting standards.Read More
Ginnie Mae Transfers Plummet; A Lack of Mega Deals? December 29, 2014 Paul Muolo The market heated up significantly in 2013 with $152.22 billion of Ginnie MSRs being transferred.Read More
Green Tree Increases Servicing Advance Facility With Barclays to $1.2 Billion December 29, 2014 Paul Muolo Barclays is acting as the administrative agent on the deal and will be the sole note holder. Read More
More Law Firms Announce ‘Investigations’ Into Ocwen December 29, 2014 Paul Muolo The latest entry into the Ocwen legal sweepstakes is Lifshitz & Miller, Garden City, NY, whose specialties include class action lawsuits.Read More
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