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Mortgage Advisory Firm Collingwood Group Acquired by Global Player Situs

May 3, 2017
Brandon Ivey
Collingwood was founded in 2009 by industry veterans Brian O’Reilly, Brian Montgomery and Tim Rood.
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Procedural Move by Dems Slows Markup of Financial CHOICE Act

May 3, 2017
Thomas Ressler
During debate on H.R. 10, the Democrats used a procedural maneuver to force a reading of a large portion of the bill’s text…
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Bank of America Retaining More GSE-Eligible Mortgages

May 3, 2017
Brandon Ivey
Bank of America is retaining more of its GSE-eligible loans, though the strategy can result in short-term decreases to mortgage-banking income.
Read More

Short Takes: Mnuchin to the GSEs: Keep Those Checks Coming / Speculation on a Payment Change / Ocwen Makes Some Headway / 735,000 Loan Mods and Counting / First Mr. Cooper, Now Morty

May 3, 2017
Brandon Ivey and Paul Muolo
Perhaps the new Treasury secretary finally looked at the numbers, realizing that Fannie and Freddie – wards of the government since September 2008 – forked over roughly $20 billion to Uncle Sam…
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Impact Unclear in Miami-Predatory Lending Supreme Court Case

May 2, 2017
Brandon Ivey
Some analysts believe the Supreme Court’s ruling will result in the filing of new claims, but the Buckley Sandler law firm sees it differently...
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Nonprime Lender Deephaven Passes the $1.0 Billion Mark in Loan Acquisitions

May 2, 2017
Brandon Ivey
Deephaven CEO Matt Nichols is a former managing director at Goldman Sachs & Co.
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FHA/VA Default Rates Down in Early 2017, Some Sharply

May 2, 2017
John Bancroft
The number of FHA loans 30-60 days past due declined by 28.4 percent, lowering the delinquency rate by 1.51 percentage points…
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Freddie Profit Slips to $2.2B as Hedging Gains Disappear; ‘Account Surplus’ with Uncle Sam to Hit $36.9 Billion

May 2, 2017
Carisa Chappell and Paul Muolo
Since the fall of 2008, Treasury has controlled the senior preferred stock in Freddie and Fannie, making the U.S. government the de facto owner of the two - and the linchpin to the housing and mortgage markets.
Read More

House Financial Services Committee Begins Markup of ‘CHOICE’ Act; Process Could Last Days

May 2, 2017
Thomas Ressler
The Mortgage Bankers Association, for its part, expressed strong support for some provisions of the Hensarling bill…
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Short Takes: Mr. Who? / What were the Other Choices? / Cerberus Readies MBS Backed by Seasoned Loans / What Works Best for Freddie’s Profits / Help Wanted: Idaho Mortgage Banker

May 2, 2017
Brandon Ivey and Paul Muolo
If Mr. Cooper was the first choice, what were the others?
Read More
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Latest Imf News

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Featured Data

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