DocuSign First Got Wind of Malicious Email Campaign May 9 May 16, 2017 Paul Muolo A DocuSign spokesman did not return a telephone call and email regarding the hacking campaign.Read More
Nonbanks Dominate FHA Primary Market; Volume Slowed in 1Q17 May 16, 2017 John Bancroft The 14 largest FHA originators were all nonbanks, led by Quicken Loans, Freedom Mortgage and loanDepot.Read More
Serious Delinquency Rate Resumes Downward Trend in 1Q17, Slight Uptick in Foreclosure Starts May 16, 2017 Brandon Ivey Marina Walsh, the MBA’s vice president of industry analysis, said mortgage performance has been helped by growth in employment and income...Read More
Short Takes: Ocwen Apologies for Filing Miscue / An Investment that Carries ‘Significant Risk’ / Stock Price Rises / ACC’s ‘NIVA’ Product / Hunt Expands CRE Lending Imprint May 16, 2017 Paul Muolo In other words, Ocwen should have told shareholders that there was an MOU with the MMC. Read More
FHFA Acting Deputy Director Bob Ryan Gives a Few Details on Watt’s ‘Capital Buffer’ Plan: A Dividend Delay, Not an Elimination May 16, 2017 Carisa Chappell Ryan went on to say it would be a limited buffer, but it should be large enough to help cover and avoid a draw...Read More
JPM to End a Two-Month Drought in Issuance of Prime Non-Agency MBS May 16, 2017 Brandon Ivey The size of the pending jumbo deal from JPM has not been disclosed yet, but AMC, Clayton and Opus are working on reviews...Read More
Brian Hale Out as CEO of Stearns; Former JPM Exec David Schneider is In May 16, 2017 Paul Muolo Out as CEO is Brian Hale, who helped groom the company for much of this decade. Hale is departing for a new venture called DCC Holdings.Read More
Brian Montgomery Back as FHA Commissioner? May 15, 2017 Paul Muolo Montgomery currently serves as vice chairman of The Collingwood Group, a consultancy which he co-founded in 2009.Read More
Short Takes: Nationstar Mails ‘Mr. Cooper’ Notices / B.D. Cooper? / This is Not a Loan Transfer / Messina on PHH Staffing Levels / Alterra Makes National Hire May 15, 2017 Paul Muolo Alterra Home Loans hired Tom Middleton as senior vice president of business development and national expansion. He joins the nonbank from On Q Financial... Read More
Jumbo Lending Down 29 Percent in 1Q17: JPM Tops the List… May 15, 2017 Brandon Ivey JPMorgan Chase ranked first in the jumbo production with $10.89 billion…Read More
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