Ginnie Servicing Rights Top $1.5 Trillion but Growth Slows February 25, 2015 George Brooks PennyMac Loan Services, the only nonbank to rank among the top five, had one of the strongest growth rates with 56.7 percent.Read More
10 Mile Capital Ready to Invest in Mortgage Banking Firms February 25, 2015 Paul Muolo A veteran of Bank of America, GE Capital and other financial service firms, Williams said he hopes to unveil 10 Mile’s first investment in April.Read More
Warehouse Commitments on the Rise Again; How Long Can it Last? February 24, 2015 Paul Muolo The only thing bothering most warehouse managers is how long the good times can last.Read More
WinWater Goes a Little Outside the Box on New Jumbo MBS: LTVs North of 80 Percent February 24, 2015 Brandon Ivey KBRA said its loss model is highly sensitive to the increased probability of default associated with mortgages that have high combined LTV ratios.Read More
In Earnings Call Redwood Cites ‘Excess Capacity’ in Correspondent Channel February 24, 2015 Brandon Ivey In recent years, Redwood has focused on jumbo mortgages but the REIT is now placing a greater emphasis on conforming loans.Read More
Yellen Committed to Letting MBS Run Off the Fed’s Balance Sheet February 24, 2015 Thomas Ressler Fed chief Janet Yellen also signaled a continuation of the status quo for interest rates...Read More
Ocwen Mum on When it Will Release Fourth Quarter Earnings February 24, 2015 Paul Muolo Meanwhile, investors are beginning to focus on some of the contractual language in the sale agreement between New Residential Investment Corp., and Home Loan Servicing Solutions...Read More
Short Takes: Next Up, Walter Investment / Why No ‘Big’ Mortgage M&A? / Lay Offs At… / Sterne Agee Slated for Sale / The CFPB, an ‘X-Factor’? February 24, 2015 Paul Muolo and Thomas Ressler We understand from one very good source that a top 30-ranked lender has been quietly trimming staff of late….Read More
Ocwen Agrees to Sell $9.8 Billion of MSRs to Nationstar; ‘New Rez’ Will Buy HLSS February 23, 2015 Paul Muolo New Residential will pay roughly $18.25 a share for HLSS, valuing the deal at $1.3 billion.Read More
Jumbo Market Share Best Since 2002; Wells Dominant Once Again February 23, 2015 Brandon Ivey Wells Fargo remained the most dominant lender in the sector with $42.28 billion of jumbo originations in 2014, down 2.5 percent from the year before.Read More