For Sale by MountainView: $94 Million of NPLs/RPLs and More August 16, 2017 Paul Muolo Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…Read More
Alternative Credit Scores for GSE Loans will Have to Wait for the Single-Security Project August 16, 2017 Carisa Chappell Mel Watt called the credit score explorations one of the “most difficult” evaluations he’s taken on as FHFA director.Read More
Short Takes: HUD Deputy Nominee Waits on the Senate, Still / Refis Rising? / A Private Placement for Ellington / Ellie Goes After the Big Boys / A Share Price Estimate of Zero August 16, 2017 Paul Muolo Mortgage software provider Ellie Mae said in a recent SEC filing that “part” of its business strategy is to target larger mortgage lenders...Read More
LIBOR is Being Phased Out. A Big Deal or Ho-Hum? August 15, 2017 Paul Muolo Fannie Mae and Freddie Mac are well aware of the issue and have leeway to replace LIBOR with another benchmark when the time comes, industry officials said.Read More
RE Crisis Post-Mortem: Home-Price Depreciation a Bigger Driver of Defaults than Unemployment August 15, 2017 Brandon Ivey S&P focused on mortgages originated between the second half of 2005 and the first half of 2008.Read More
2Q17 a Rocky Road for (Certain) Publicly Traded Nonbanks August 15, 2017 John Bancroft Most of the companies are in decent shape, but the group is weighed down by two big albatrosses – Ocwen Financial and Walter Investment…Read More
Firm Whose Affiliate Sued FMC Becomes ‘Capital Partner’ to Silicon Valley Lender August 15, 2017 Paul Muolo Little is known about Eli Global, which bills itself as a “privately held investment firm” with 5,500 locations in 20 locations globally…Read More
As Financial Crisis Fades, are Mortgage Servicers Poised for a New Era? August 15, 2017 Thomas Ressler Servicing costs have risen dramatically this decade, but maybe there’s light at the end of the tunnel…Read More
Guild Mortgage Hires PHH’s CIO Gabe Minton August 15, 2017 Sherry Muolo At PHH, from 2014 to 2017, Minton held the title of senior vice president and chief information officer.Read More
Short Takes: What REITs and Fannie & Freddie Have in Common / Replacing One Burden with Another / Who is Western Bancorp? / PHH’s Warehouse Providers / A New Hire for LenderLive August 15, 2017 Paul Muolo A higher dividend than what Fannie and Freddie pay?Read More