The Final Tally: Nonbanks Battered by MSR Accounting in 2Q16 August 23, 2016 John Bancroft Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...Read More
CMC Warns About FDCPA, Fears Servicing Costs Will Rise Even More August 23, 2016 Paul Muolo The CMC – which represents several large commercial banks – calls the FDCPA an “antiquated and poorly drafted" statute...Read More
Short Takes: A 25 Percent Chance Uncle Sam Will Lose the GSE Lawsuits / Risk-Sharing Depletes Shareholder Value / Former Fannie CEO Mudd Settles with SEC / Mudd’s Second Act Didn’t Last Long / A New Hire for Closing Corp. August 23, 2016 Paul Muolo KBW believes all the GSE risk-sharing deals will “put further pressure” on the long-term value of the stocks of Fannie and Freddie…Read More
Mortgage M&A Activity Continues Apace; Eight Deals in Two Months August 22, 2016 Paul Muolo Meanwhile, it’s anticipated that private equity firms could play an even larger role...Read More
Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market August 22, 2016 John Bancroft By itself, the FHA insured 37.1 percent of first-timer business in the first half of 2016…Read More
MBA’s ‘Profit’ Falls Ever So Slightly; Revenues Increase Along With Salaries August 22, 2016 Paul Muolo The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.Read More
Tennessee Bank FB Financial Files for IPO, Looks to Increase Mortgage Business August 22, 2016 Brandon Ivey FB also services roughly $4.02 billion in residential loans…Read More
Call Reports Show Modest Increase in Mortgage-Banking Income for 2Q16 August 22, 2016 John Bancroft The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…Read More
Mortgage Underwriters Make How Much? August 22, 2016 Sherry Muolo Stratmor based its findings on results from 36 companies. Most of the focus was on retail lending.Read More
Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource August 22, 2016 Paul Muolo Is Ocwen's share price extremely undervalued? Read More
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