Short Takes: Consumer Reports Advises Against Using Loan Brokers / NAMB: Come to Work With Us / Five Oaks Flying Solo on Jumbo MBS / Auction.com: Washington is Flipping Heaven / Ginnie MSRs for Sale March 17, 2015 Paul Muolo and Brandon Ivey “We don’t recommend that you hire a mortgage broker” for rate shopping purposes, says Consumer Reports magazine...Read More
The Unhappy Return of GSE Buybacks: A 31 Percent Increase March 16, 2015 John Bancroft Despite the sequential jump in buybacks, the fourth quarter total was the second-lowest repurchase amount disclosed by the two...Read More
MBS Certificate Holders Vote to Terminate Ocwen on $493 Million of Bonds March 16, 2015 Paul Muolo Will Ocwen Financial get compensated for the termination?Read More
Commercial Banks and Whole Loans, What’s the Deal? March 16, 2015 Brandon Ivey Bank demand for MBS has increased due to new accounting requirements and a decline in total residential loan production in recent years.Read More
Poised for a Revival: Wholesale-Broker Lending? March 16, 2015 Brandon Ivey United Wholesale's Mat Ishbia said 20 percent of purchase mortgages are originated by brokers.Read More
Nonbank Selling $1.34 Billion of GSE and Ginnie Mae MSRs March 16, 2015 Paul Muolo Texas is well represented in the bulk package being offered by Phoenix Capital.Read More
Short Takes: So, Who’s The Lucky Captive (REIT) Approved for FHLB Membership? / 23 Responses on the CSP / Fannie Headed Downtown / Comergence Gets New Assignment March 16, 2015 Paul Muolo and Carisa Chappell The captive insurer is owned by a REIT, a spokeswoman for the district bank said, but declined to name either. Read More
ABS Holdings by Depositories Fall to Lowest Level Since Mid-2012 March 13, 2015 John Bancroft The biggest component in the aggregate portfolio was consumer ABS, which includes student loans, securitized leases and consumer debt other than credit cards, home-equity loans and auto finance...Read More
The Ocwen Tally on Servicing Breaches: 482; But Unless the Trustee Acts… March 13, 2015 Brandon Ivey Over the past few years, 482 of Ocwen’s deals have experienced breaches, but the trustee generally did not seek termination of the servicing contract.Read More
$198 Billion of Agency MBS Issued in 2014 Had DTIs North of 43 Percent. The Patch? March 13, 2015 John Bancroft The catch was that the so-called GSE "patch" would only last as long as Fannie and Freddie remained in conservatorship...Read More
RSS