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Gone but Not Forgotten: Ocwen Founder Erbey Controls 17 Percent of the Company

February 17, 2016
Paul Muolo
Bill Erbey controls blocks of Ocwen's stock in his own name, but also through limited partnerships and limited liability corporations.
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Warehouse Provider’s New ‘Mortgage Correspondent Aggregation’ Business Experiences Turbulence

February 17, 2016
Paul Muolo
Texas Capital said the economics of the program are not as strong as originally projected...
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Short Takes: High Production Volume Isn’t Everything / More Loans Mean More Compliance Risk / European-Based Banks Eyeing Mortgage Pullback? / Mortgage Layoffs at Wells / New Hires for FGMC, Silver Hill

February 17, 2016
Paul Muolo
Wells Fargo continues to cut workers tied to the servicing function...
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Jumbo Originations Up Nearly 40 Percent in 2015; Market Share Highest in 10 Years

February 16, 2016
Brandon Ivey
Eight of the top 10 jumbo producers in 2015 were banks...
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Is Quicken’s BPMI Bid Potential Trouble for MI Firms?

February 16, 2016
Paul Muolo
But is the mega-lender advocating for consumers or is it another bold attempt to gain market share and thus increase profits? Industry consultant David Lykken noted: “Quicken’s being smart – they’re using their leverage.”
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Just How Dominant are Nonbanks in FHA Direct Lending? Unbelievably Dominant

February 16, 2016
George Brooks
The tone for banks likely was set by JPMorgan Chairman and Chief Executive Jamie Dimon, who in 2014 warned that without a safe harbor, his bank would be very cautious about FA lending going forward…
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Caliber CEO Heads for the Retirement Exit as IPO of Nonbank Looks Increasingly Unlikely

February 16, 2016
Paul Muolo
Caliber is owned by Lone Star Funds, which was hoping to take the nonbank public one day…
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Clayton Taps Former Morgan Stanley MGD Brian Wornow to Lead Capital Markets Group

February 16, 2016
Paul Muolo
In the spring of 2014, Wornow left Morgan Stanley as managing director and head of its MBS trading desk.
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Short Takes: Freedom Expands Beyond Mortgages / A Trend in the Making? / Midwest M&A, Maybe / DocMagic Offers TRID R&W / Cook’s Ditech Gets $300K Bonus /

February 16, 2016
Paul Muolo
A few days later, Ditech filed notice with the SEC that the company would pay Patti Cook a $300,000 bonus for her service to the company...
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Jumbo-Only MBS Issued by Fannie and Freddie Up 90 Percent in 2015

February 12, 2016
John Bancroft
The jumbo MBS business may be struggling but not "GSE jumbos," according new figures from IM&A...
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Latest Imf News

  • Rocket Tops Agency Servicers With Mr. Cooper Acquisition

  • MBA Economist Still Sees Interest Rates Staying Above 6.0%

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  • Servicing Valuations Cut Into Banks’ Mortgage Earnings in 4Q

More Imf News

Featured Data

  • Correspondents Gain Market Share in Government Lending

  • Solid 4Q Carries 2025 MBS/ABS to $2 Trillion

  • Agency Refi Market Rises to Three-Year High in 2025

  • Largest Sellers See GSE Deliveries Wane in November

More Featured Data

Featured Reports

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  • Mortgage Servicing Rights Report: 3Q25 (PDF)

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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