Wellington Management Dumps Most of its Stake in Ocwen September 10, 2014 Paul Muolo "Wellington's going to do what Wellington's going to do," said one observer of the stock sale.Read More
Short Takes: Nonbanks Rule in the Capital Category? / Don’t Even Ask About the Wells-Ocwen MSR Deal / Mortgage Applications Tank / Fannie and Freddie Beat the Tax Man / Cordray on HMDA September 10, 2014 Paul Muolo, Thomas Ressler, and Charles Wisniowski We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.Read More
Mortgage Buybacks by Depositories Fall to Lowest Level Since 1Q 2008 September 9, 2014 John Bancroft Bank of America was once again the buyback king at the midway point in 2014.Read More
CFPB: Mortgage Lenders Need to Get With the TRID Now September 9, 2014 Thomas Ressler The CFPB also is working with other regulators to help ensure consistency in their examinations of mortgage lenders...Read More
FHFA Chief Expands (Slightly) on Excluding ‘Captives’ from the FHLB System September 9, 2014 Paul Muolo As reported by IMFnews, 18 current members are affected by the proposed ban on captives, seven of which are mortgage real estate investment trusts.Read More
Stonegate Mortgage Likely to Securitize Residential Servicing Rights September 9, 2014 Paul Muolo Since the housing bust, very few mortgage firms have securitized MSRs, though they have used securitization vehicles for advances.Read More
Richey May: Origination Market May be Looking Up September 9, 2014 Paul Muolo The advisory firm based its findings on the operating results of 37 independent mortgage banking companies across the U.S.Read More
Short Takes: GSE Reform is Dead, Right? / Sen. Warren Wants Wall Street Scalps / If There’s Hope, It Lies With HELOCs / Mortgage Master Continues to Recruit LOs September 9, 2014 Paul Muolo, Thomas Ressler, and Charles Wisniowski Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.Read More
‘Loans Serviced for Others’ Continue to Fall at Depositories September 8, 2014 John Bancroft A number of banks have been motivated to reduce their MSR holdings because of concentration limits imposed by the emerging Basel risk capital rules. Read More
Treasury Withholds HAMP Payments to Citi, Other Servicers Threatened September 8, 2014 Brandon Ivey CitiMortgage performed the worst on the assessment of non-agency HAMP activity for the second quarter of 2014, with the Treasury claiming that the servicer needs to make substantial improvements.Read More