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. Read More
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.Read More
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.Read More
Servicing Market Heats Up Early: A $4.2 Billion MSR Portfolio from MVSG January 5, 2015 Paul Muolo MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”Read More
Short Takes: Obama Again on GSE Reform / Newly Minted MBAs Hate Mortgages? / Guild Goes HLTV / An ATR for Payday Loans? / John Adams Settles FHA Charges January 5, 2015 Paul Muolo and Brandon Ivey Are recent graduates of business schools avoiding the mortgage industry?Read More
Golden First Owner Banned from Government-Related Mortgage Business January 5, 2015 George Brooks In addition to the $36 million judgment against Golden First, Movtady was ordered to pay a $300,000 penalty within six months.Read More
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.Read More
Big Decline in Subservicing Contracts at BofA, Ocwen, Nationstar January 5, 2015 Paul Muolo BofA has been a steady seller of mortgage servicing rights the past three years and seems to have no interest in being a subservicer.Read More
Yet More Mortgage Charges for SunTrust, This Time for $145 Million January 5, 2015 Brandon Ivey SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.Read More
What We’re Hearing: The Top Mortgage Stories of 2014: A Kinder, Gentler FHFA; The Ocwen Disaster; Nonbanks (Except for Ocwen) Continue to Thrive; The End of QE; A Mortgage M&A Boom in Miniature; The FHA MMIF Returns to the Black… January 2, 2015 Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)Read More
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