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With Mortgage IPOs on Hold Sub Debt Issuance May Bloom

January 26, 2015
Paul Muolo
“Sub debt is a good way to grow your business without it being dilutive to your company,” said Bill Dallas, CEO and founder of Skyline Lending.
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Ginnie Mae Ready to Launch Issuer Scorecard

January 26, 2015
George Brooks
Final testing and training for IOPP began this winter, with deployment expected “in early 2015,” Ginnie Mae said.
Read More

Phoenix Selling $4.3 Billion of Agency and Ginnie Servicing Rights

January 26, 2015
Paul Muolo
Declining interest rates don't appear to have affected the servicing auction market much.
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Ocwen Fights Back, Blasts Latest Claims from Non-Agency MBS Investors as ‘Baseless’

January 26, 2015
Brandon Ivey
Ocwen denied that there is any basis for a default under the trust agreements...
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Ocwen Quietly Shopping $10B of MSRs, Money Could Be Used for Settlements

January 26, 2015
Paul Muolo
Sterne Agee estimates that such settlements could cost the nation’s fourth largest servicer $496 million.
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FHA Warns of Processing Delays Due to Upsurge in Case Number Assignments

January 26, 2015
George Brooks
FHA told lenders that if a new case number is replacing an old one, the old case cancellation must have been completed before the system will allow for a new one.
Read More

Short Takes: Titan Says: Give Us Your Rejects / Ocwen Rising / UWM Rolls Out LOS Platform / DocMagic Keeps Software Developers Happy / Leon Loves Altisource?

January 26, 2015
Brandon Ivey and Paul Muolo
Thanks to its settlement with California regulators, Ocwen's share price is on the rise. But for how long?
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Mortgage Complaints Drop Yet Again. What’s That All About?

January 26, 2015
Thomas Ressler
Elsewhere, the latest figures from the CFPB show a big reduction in consumer belly-aching about loan modifications...
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CFPB Defends ‘Rate-Checker’ Product as Fallout Continues

January 23, 2015
Thomas Ressler
MBA's Dave Stevens did not mince words, calling the CFPB product "the most misleading and inaccurate tool that will do anything but help prospective homebuyers.”
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ABS Market is Back: 2014 Strongest Post-Crisis Year Yet for Issuance

January 23, 2015
John Bancroft
ABS issuance was up 12.0 percent from the prior year, with solid gains in three of the market’s key sectors: auto finance, credit cards and business loans.
Read More
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