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What We’re Hearing: Stonegate’s National Sales Manager Fred Bolstad Departs / MBA Convention Opens in San Diego / Fannie Mae Execs Make Themselves Available / Maybe the Next Convention Will be Held in India / CEOs Open to Offers? / Mr. Cooper, Really?

October 16, 2015
Paul Muolo
A spokesman for Stonegate Mortgage confirmed that Bolstad is no longer with the lender/servicer, but had little else to say on the matter.
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Caliber Starting to Look Like Ocwen? A NY AG Probe and a Ratings Downgrade

October 15, 2015
Brandon Ivey
Regulatory scrutiny of Caliber Home Loans includes an investigation by New York Attorney General Eric Schneiderman...
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The Collingwood Group Enters the Mortgage M&A Game

October 15, 2015
Paul Muolo
The new Collingwood unit, however, will not be involved in the sale of mortgage servicing rights.
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GSE PMI Business on the Rise; Growth in Higher LTV Loans

October 15, 2015
John Bancroft
GSE high-LTV mortgage programs gained traction during 3Q with the two securitizing $2.23 billion of insured purchase loans with LTV ratios of 96 or 97 percent...
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The ‘Megabanks’ See Declining Residential Production in 3Q15

October 15, 2015
John Bancroft and Brandon Ivey
Given the fairly wide range in origination volume trends among the group, it’s difficult to forecast how the overall market fared based on just their activity.
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Mortgage Insurers Fear an FHFA Crackdown on their Use of Reinsurance

October 15, 2015
Paul Muolo
“The FHFA is trying to solve every possible problem that might come up,” said one mortgage insurance executive.
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Short Takes: So, What’s BofA’s Next Move? / Who is Tom Ferry? / Former NFL Player Sticks with MSAs / Walter Gets a Better Grade / CFPB Issues New HMDA Rule / FGMC Hires SunTrust Mortgage Chief

October 15, 2015
Brandon Ivey and Paul Muolo
Bank of America isn't severing all its ties to realtors...
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Stonegate Mortgage May Be in Play; Blackstone And Caliber Mentioned as Possible Suitors

October 15, 2015
Stonegate Mortgage, Indianapolis, a publicly traded nonbank that recently underwent a management change, is considering takeover offers, according to industry advisors familiar with the situation. Although the company declined to comment, it appears that at the very least it’s considering selling some of its branches. At the same time, sources contend that certain branch managers are trying to cut separate deals with competitors. Firms looking to take over those branches include...
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Stonegate’s Mortgage Branches Hunting for a Better Deal Elsewhere?

October 14, 2015
Paul Muolo
Sources have identified Caliber Home Loans and Skyline Lending as possible acquirers of branches.
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MBA: Thanks to TRID, Mortgage Applications Get Creamed

October 14, 2015
Thomas Ressler
The trade group quickly found a villain for the ugly reading: the Oct. 3, 2015, effective date of the CFPB’s TRID rule.
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