Nonbanks See GSE Market Share Climb to 44.8 Percent; Freedom Stands Out January 21, 2015 John Bancroft Still, the four super-sized U.S. banks – those with more than $1 trillion in assets – continue to rank in the top five GSE sellers.Read More
Short Takes: Leon Cooperman Feels the Altisource Pain / CFPB Mum on Fixing Lender-Paid Comp / Former S&P Chief Under Fire January 21, 2015 Brandon Ivey and Paul Muolo Regarding Altisource, the phrase “catch a falling knife” comes to mind. Cooperman is the Chairman and CEO of Omega Advisors…Read More
Nationstar Closes on $8.5 Billion MSR Deal from ‘Top Four’ Servicer January 21, 2015 Paul Muolo Is Ocwen the seller of the MSRs?Read More
Mortgage Brokers Staged Comeback in 4Q14 with GSE Business January 20, 2015 John Bancroft Meanwhile, Fannie Mae and Freddie Mac continued to get less of their business from their five biggest customers.Read More
Citing FHA Premium Cut, Freedom Mortgage May Hire 500 January 20, 2015 Paul Muolo The 50 basis point cut in FHA premiums is spurring some firms, including Freedom Mortgage, to increase hiring.Read More
Fannie Mae’s New Appraisal Product Causing Anxiety January 20, 2015 George Brooks Fannie's "Collateral Underwriter" will provide up to 20 comparables and appraisers will have to defend the comps they use...Read More
FHFA PMIER Rule Could be Accompanied by LLPA Announcement January 20, 2015 Paul Muolo “It’s hard to believe the FHFA will release the PMIER rules without doing something on LLPAs,” said one official. Read More
After Stepping Down, Ocwen Founder Erbey Set to Reap at Least $1.2 Million in Cash January 20, 2015 Paul Muolo The separation agreement prohibits the mortgage industry veteran from competing with Ocwen for at least 24 months. Read More
Short Takes: No Minimum FICOs for this FHA Lender / More Mortgage Gifts from President Obama? / Warehouse Mentioned in Earnings from Republic / DocMagic Expecting a Busy Year / Altisource Adds Vella January 20, 2015 Paul Muolo Assisting DocMagic with its work on RESPA-TILA disclosures is Richard Horn, a former senior advisor at the Consumer Financial Protection Bureau...Read More
The Megabank Mortgage Roundup: 4Q Reveals Some Up, Some Down January 19, 2015 John Bancroft Two of the four, Chase and BofA, reported increased originations during the fourth quarter. At Chase, production was up 8.5 percent...Read More
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