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Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo

September 15, 2015
Thomas Ressler
The trend continues: Work for the CFPB for a year or so and then cash out...
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Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
Ocwen blames the anticipated loss on lower revenue and higher operating expenses.
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Nationstar Trademarks the Name ‘Mr. Cooper.’ But Why?

September 14, 2015
Paul Muolo
"Mr. Cooper" seems like an odd name for a mortgage company to trademark, but you never know...
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SIFMA Presses FHFA to Align GSE MBS Programs and Set a Timetable

September 14, 2015
John Bancroft
SIFMA argues that the FHFA has to take a more active role in keeping GSE programs aligned so that differences in prepayment speeds do not emerge.
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Short Takes: Skyline Aims to Reduce LO ‘Posses’ / The Coming Texas Housing Bust / Go With the Astros, Not the Cubs / MSR Deal From Prestwick / CRE Outlook From Auction.com / Ocwen, Not Made in America

September 14, 2015
Paul Muolo
Irony or good business?: Ocwen's mortgage customers are located in the U.S., but the back office staff processing their loans are mostly overseas.
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Looser Credit on the Way? Fannie Tweaks Self-Employment Verifications

September 14, 2015
Carisa Chappell
The set of changes was updated in the GSE’s selling guide and shows a new way that income from self-employment can be both calculated and documented.
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And the Beat Goes On: Banks Continue to Shed Servicing Rights

September 14, 2015
John Bancroft
Two companies – Wells Fargo and Bank of America – accounted for virtually all of the decline in bank MSR holdings during the second quarter.
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Home Point Looks to Buy Servicing Rights, Add Another Retail Team

September 14, 2015
Paul Muolo
Recently, Home Point added a large retail lending team from Great Plains Bank and Newman promised that “we have another large retail team scheduled to come on in the next several weeks.”
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What We’re Hearing: A Couple of Mortgage IPOs on the Way? / Profits are Still Good / $2B To Invest? / Heading for the Exits Because of the CFPB? / Lenders One Zeroes in on CEO Candidate / About Those GSE Pay Raises…

September 11, 2015
Paul Muolo
Regulatory fears are driving the desire by some owners/CEOs to exit the mortgage business, but we’ve heard that refrain before.
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Concern Over Gain-on-Sale Margins Heats Up as Volumes Begin to Drop

September 11, 2015
Paul Muolo
As one jumbo securitization officialtold Inside MBS & ABS: “Gain-on-sale margins have been okay, but no one is buying a new boat.”
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