Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer April 22, 2015 Paul Muolo and Brandon Ivey It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.Read More
Wall Street’s Return to Mortgage Lending: Blackstone Buys a Residential Lender April 22, 2015 Paul Muolo Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?Read More
Redwood’s Latest Jumbo MBS Includes Highest Share Yet of Non-QMs April 22, 2015 Brandon Ivey Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share. Read More
Interactive Mortgage Advisors Unveils Two New MSR Deals April 22, 2015 Paul Muolo On IMA’s other deal, the brokerage firm is offering $100 million per month of Fannie Mae/Freddie Mac “flow” product.Read More
Freddie Mac Gears New NPL Auction to Smaller Investors April 22, 2015 Carisa Chappell Qualified buyers have until June 2 to bid on the Miami-based loans.Read More
Realtors Continue the Drumbeat: Mortgage Credit is Too Restrictive April 22, 2015 Thomas Ressler Then there was Bert Ely who noted: "In my opinion, American housing policy is leading the country down the same path that led to the last housing bubble..."Read More
Bank Sells $2 Billion Bond to a GSE in Deal Assisted by MIAC April 21, 2015 Paul Muolo The sale actually closed at yearend, although it was revealed in a press statement dated April 21.Read More
Short Takes: MBA Backs Changes at CFPB / A Strong Quarter from MGIC / The Weekend the Lights Went out at FHA / S&P Puts Ocwen on Watch List / Executive Bolts Ocwen for Green River April 21, 2015 Paul Muolo and Thomas Ressler The MBA is backing changes to how the CFPB functions...Read More
Green Tree in $63 Million Settlement with the CFPB; Servicer Accused of Harassing Overdue Borrowers April 21, 2015 Paul Muolo First Ocwen, now Green Tree...Read More
Are ‘Fast Servicers’ Impacting the TBA market? Nonbanks a Factor? April 21, 2015 Brandon Ivey The Federal Reserve is seen as taking the brunt of nonbank servicer-induced prepayment risk on agency MBS.Read More