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CFPB and FHFA Release First Loan-Level Dataset for Public Use

November 9, 2018
Yemeng Yang
The CFPB and FHFA have been compiling the survey data but have never released the results.
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What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape the Fannie and Freddie / Timing? / Selling Servicing Rights to Unleash Revenue / Ocwen’s Head Count

November 9, 2018
Paul Muolo
The first move expected is a possible lowering of GSE loan limits...
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HUD Working on MOU to Clarify Use of False Claims Act

November 8, 2018
George Brooks
FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...
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Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend

November 8, 2018
John Bancroft
A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…
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Mr. Cooper Reports $54 Million Profit for 3Q18, Agrees to Buy $10B Originator

November 8, 2018
Paul Muolo
Several months ago, rumors began to surface that Pacific Union might be for sale...
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Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter

November 8, 2018
Brandon Ivey
Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”
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Impac Suffers Another Loss. Revenue and Originations Take a Hit. Layoffs Too

November 8, 2018
Paul Muolo
About 41 percent of Impac's volume now entails non-QM lending...
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Short Takes: A Sale Agreement but What’s the Price, Mr. Cooper? / A Material Event? / UBS Expects DOJ Action / Ellington’s New Non-QM MBS / A New Hire for Home Point

November 8, 2018
Brandon Ivey and Paul Muolo
UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...
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M&A Roundup: Plenty of Deals are Percolating But Will They Get Done? Is Ditech Saleable?

November 8, 2018
The potential sale of Ditech Financial – the largest prize in the mortgage M&A arena – hit a potential snag this week after the New York Stock Exchange suspended trading in the company’s common stock along with Series A and B warrants.
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NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer

November 7, 2018
Paul Muolo
Ditech said it has no plans to appeal the NYSE’s decision.
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