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Biniam Gebre Out as Acting FHA Commissioner; Ed Golding Is In

March 26, 2015
Paul Muolo
Gebre was Galante’s temporary replacement. Until a recent cut in premiums, FHA volume has been steadily dropping.
Read More

Nationstar Reveals More MSR Purchases, but Stock Gets Hit on News of Secondary Stock Offering

March 25, 2015
Brandon Ivey
How is Fortress feeling this morning? It owns 70 percent of Nationstar's common.
Read More

Agency MBS Does Its Part: Small but Steady Growth

March 25, 2015
John Bancroft
Fannie Mae is still the most prolific author of single-family MBS, accounting for 46.6 percent of agency MBS outstanding at Dec. 31.
Read More

IG Report: FHFA Took 750 Conservatorship ‘Actions’ Against the GSEs in 2014

March 25, 2015
Paul Muolo
Fannie and Freddie don't get out of bed in the morning without first talking to the FHFA. (Then again, the two are in conservatorship.)
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It’s Time to Scale Back Dodd-Frank, Industry Says

March 25, 2015
Thomas Ressler
Mortgage professionals overwhelmingly believe the Dodd-Frank Act should be revised, removing barriers to innovation and to reduce the cost of manufacturing a mortgage.
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Short Takes: Will SCOTUS Allow Underwater Seconds to be Dismissed? / And Now a Word from RoundPoint / GSE Conservatorships: Long, Strange Trip, Man / A GSE Bill Passing? Not Likely / More on Nationstar

March 25, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
Although RoundPoint isn’t taking any questions regarding a possible sale of the company, it recently published a statement regarding its co-issuance and subservicing businesses.
Read More

Is the IBM-Owned Seterus About to Face the Music?

March 25, 2015
Paul Muolo
Getting information out of Seterus about its business is like trying to crack the Kremlin.
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Wells Fargo Will Close Milwaukee Servicing Platform, 1,000 Layoffs Predicted

March 25, 2015
Paul Muolo
As loan quality improves, it endangers the job prospects for "high-touch" servicing specialists.
Read More

Ocwen Declared Noncompliant by NYSE; Delisting a Possibility

March 24, 2015
Paul Muolo
Although Ocwen is out of compliance with the NYSE, it continues to sell mortgage servicing rights. Late Monday it disclosed a $25 billion MSR sale to Nationstar.
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Everyone Loves the Potential of Non-Agency Lending, But…

March 24, 2015
John Bancroft
Eric Rosenzweig, principal at Stone Point Capital, sees many business plans from people who want to get into the non-qualified-mortgage space.
Read More
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