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Moody’s Assigns Provisional Ratings to Nationstar Nonperforming HECM MBS

November 19, 2015
George Brooks
The HECMs backing the bond are either in default, due and payable, in foreclosure or REO...
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OCC to Begin Examining for TRID Compliance

November 18, 2015
Thomas Ressler
The OCC’s language was not as strong as earlier reassurances from the CFPB that it would not be taking a “gotcha” or punitive approach when it commences with TRID examinations…
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Selene Finance Hires Clayton Executive Tom Donatacci

November 18, 2015
Paul Muolo
Donatacci helped steer Clayton from survival mode during the financial crisis to solid profitability before the due diligence vendor was sold to Radian Group for $305 million in 2014.
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Ocwen Looks Beyond Acquisitions of MSR Assets

November 18, 2015
Brandon Ivey
In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...
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Fitch Downgrades Residential Credit Solutions’ Servicer Ratings, Citing Regulatory Issues

November 18, 2015
Brandon Ivey
A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business.
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Nonprime Lender Citadel Thinks It Will Top $1 Billion Next Year

November 18, 2015
Paul Muolo
If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.
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Short Takes: What’s Keeping Mortgage CEOs Up at Night? / Food Titan Enters the Non-Agency MBS Market / A Non-QM Loan from loanDepot / Mortgage Applications Rise / AMC Hires Former Stewart Executive

November 18, 2015
Brandon Ivey and Paul Muolo
Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.
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Hedge Fund Gets Right to Own 25 Percent of Walter/Ditech

November 17, 2015
Paul Muolo
In January, Birch Run reported a 17.8 percent ownership stake in Walter, but has since increased it to 19.8 percent.
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New Rez Will Issue $520 Million Non-Agency MBS Backed By 12-Year-Old Alt A Loans

November 17, 2015
Brandon Ivey
A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.
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Even Though the GSEs are Shrinking, the FHFA and OIG Keep Adding Employees

November 17, 2015
Paul Muolo
In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.
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