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Obama Will Unveil Lower FHA Premiums on Thursday

January 7, 2015
George Brooks
The National Association of Realtors recently estimated that in 2014, nearly 234,000 creditworthy borrowers were priced out of the housing market because of high FHA insurance premiums.
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Morgan Stanley Discloses 7.9 Percent Stake in Ocwen – On Behalf of Clients

January 7, 2015
Paul Muolo
On an annualized basis, Ocwen Financial is still profitable and has a price-to-earnings ratio of 10.
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Short Takes: Steven Cohen Likes Walter / Some SAC Background / FHA Premium Cut? Bring it On / What Does the GOP Think? / Clarification on GSE Recap

January 7, 2015
Paul Muolo
Of course, we’re waiting to see what Republicans on Capitol Hill think of a cut in FHA premiums…
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Letting the GSEs Rebuild Capital Won’t Happen Anytime Soon, Says MBA Chief

January 6, 2015
Paul Muolo
MBA's Stevens believes that making a change in the PSPAs would not go over very well in a Republican-controlled House and Senate.
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Fitch: Progress Slow on Needed Changes for Non-Agency MBS

January 6, 2015
Brandon Ivey
Potential actions by regulators also give non-agency MBS investors cause for concern.
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Ellie Mae Founder Sig Anderman Stepping Down as CEO

January 6, 2015
Paul Muolo
Anderman took Ellie Mae public in 2011. The company now has a market cap north of $1.1 billion.
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California Still Loves Loan Brokers – A Lot

January 6, 2015
John Bancroft
Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...
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Will Nationstar be the Big Kahuna of MSR Acquisitions?

January 6, 2015
Paul Muolo
A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...
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Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Auction.com Sees Possible Shift in CRE

January 6, 2015
Paul Muolo and Brandon Ivey
“There’s a lot of 60- and 70-year old mortgage managers out there.”
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Mortgage Sales by Depositories Spike 25 Percent

January 5, 2015
John Bancroft
In 3Q the top seller of mortgages into the secondary market was Wells Fargo with $39.29 billion, a 12.7 percent sequential improvement.
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Latest Imf News

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