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SEC Drops Case Against Former Fannie Mae Executive Thomas Lund

September 22, 2015
Paul Muolo
Lund’s vindication comes at a time when both GSEs are now earning several billion dollars per quarter.
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Short Takes: Hedge Fund Reduces (Slightly) its Stake in Ellington / Ocwen Reps Will Speak Japanese / U.S. Bank Likes HELs / DocMagic Signs Up Mid America / CMLA Names New Chair

September 22, 2015
Paul Muolo and Brandon Ivey
Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.
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Securitization of VA Jumbos More Than Doubles

September 21, 2015
George Brooks
Ginnie Mae securitization data for the first six months reflect an upward trend in VA loan originations...
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PIMCO Buys a Stake in First Guaranty Mortgage Corp., a $4 Billion a Year Lender

September 21, 2015
Paul Muolo
Early this year, PIMCO was in talks to buy RoundPoint Mortgage, a top 25-ranked servicer, but the transaction fell apart.
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New Penn Funding $15 Million a Month in Non-QM Loans, But…

September 21, 2015
Brandon Ivey
Loan officers, it seems, are more willing to work on agency-eligible mortgages because they know the transactions have a good chance of closing, but non-QMs are a different matter.
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Lenders Want Drastic Changes to FHA Claims Paying Rule; Kill It Maybe?

September 21, 2015
George Brooks
Concerned with worsening late-claim filing, the FHA proposed to establish a timeframe for filing insurance claims and to penalize lenders with complete termination of insurance...
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Phoenix Offering Flow Servicing Rights Tied to GSE and Ginnie Product

September 21, 2015
Paul Muolo
The Fannie/Freddie loans are dominated by Florida mortgages at 32 percent of the flow.
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Short Takes: Subservicer Up For Grabs / Rental Homes Merger / Michigan Mutual Hunts for Branches / Ocwen Keeps Paying Down Debt / FHFA Wants GSE Documents Out of the Public’s View

September 21, 2015
Paul Muolo and Carisa Chappell
Ocwen Financial continues to sell servicing rights and pay down debt. But its stock price isn't moving very much.
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CSS Chief Applegate: Work on Single GSE Security is 90 Percent Complete

September 18, 2015
Brandon Ivey
Despite the 90 percent estimate offered by Applegate, the government-sponsored enterprises’ use of the CSP – let alone the GSE single security – looks to be a ways off.
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Another Hurdle for Mortgage Insurers: NAIC Risk-Based Capital Standards

September 18, 2015
George Brooks
Despite strong earnings from the MI sector the past year, regulatory scrutiny remains, particularly in efforts by an NAIC working group to develop risk-based capital standards...
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Latest Imf News

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Featured Data

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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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