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What We’re Hearing: A Two-Year Window to Fix Fannie and Freddie? / On Jan. 1, 2018, the GSE Piggybank Goes Dark / Treasury Loves GSE Earnings but not the GSEs / Three Standouts: Caliber, Freedom and UWM / Silver Hill Keeps Hiring

October 28, 2016
Paul Muolo
Fannie Mae and Freddie Mac should post stellar third quarter results. Here's why...
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The Origination Tally for 3Q16: $580 Billion; Nonbanks Now Control Half the Market…

October 27, 2016
John Bancroft
Nonbanks crossed a key threshold during 3Q16: Among the top 50 lenders, nonbanks accounted for 51.4 percent of 3Q originations – the first time these lenders grabbed more than half of the market…
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Millions of Borrowers Foreclosed On During Financial Crisis Near Eligibility for a New Mortgage

October 27, 2016
Brandon Ivey
“The opportunity for this group to qualify for mortgage loans is growing,” said Experian.
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Ocwen Finally Earns a Profit; Stock Soars; Questions Remain

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen funded $1.2 billion in “forward” mortgages and an additional $213 million of reverse loans. In 2Q16 it funded $1.32 billion.
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HUD Sets Conditions for Lower Occupancy Rates on Condos

October 27, 2016
George Brooks
HUD has eased condo requirements, effective immediately. Lenders and Realtors start your engines…
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Arch MI Unit Has Blowout Quarter, Underwriting Income Up 119 Percent

October 27, 2016
Paul Muolo
This past summer, Arch agreed to buy United Guaranty, the market leader in the MI space.
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Short Takes: Will Ocwen See $60 a Share Again? / Challenges Remain / Ocwen’s Shrinking Employee Base / LPMI Competition Reduced? / Alterra Hires Former Prospect Executive Murray

October 27, 2016
Brandon Ivey and Paul Muolo
Ocwen had an average of 7,484 employees in the third quarter of 2016, down 12.3 percent from 3Q15...
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Genworth’s MI Division Could See Boost in Ratings as a Result of Firm’s Sale to Chinese Financial Conglomerate

October 27, 2016
An agreement by a Chinese international financial holding group to acquire Genworth Financial for approximately $2.7 billion, or $5.43 per share, would give China a foothold in the U.S. mortgage insurance market. Announced on Oct. 23 by Genworth, the sale follows the planned sale of market leader United Guaranty to Arch Capital Group, a global provider of mortgage insurance and reinsurance based in Bermuda. The entire Genworth family of companies, including the MI division, is...
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Missing in Action: Mortgage Banking M&A

October 26, 2016
Paul Muolo
There has yet to be a “large” mortgage M&A deal announced this year other than the pending sale of EverBank to TIAA.
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Lenders Press the CFPB to Continue Its ‘Diagnostic’ Approach

October 26, 2016
Thomas Ressler
The ICBA noted that community banks have invested heavily in complying with the disclosure rules, but the complexity of the requirements has made it inevitable that some will be found non-compliant.
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Latest Imf News

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