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Home » Topics » News » IMFnews

IMFnews
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Warehouse Sector Saw Improvement in Second Quarter, But...

September 10, 2014
Paul Muolo
Wells and JPMorgan Chase are no longer the dominant forces they once were in warehouse lending, ceding market share to more nimble bankers...
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Treasury Doesn’t Have FHFA’s Back on FHLB-Captive Issue

September 10, 2014
Paul Muolo
One observer familiar with Stegman’s remarks said, “I think it’s clear that he likes what Redwood is doing in the system.”
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Sen. Warren Grills Regulators Over Lack of Mortgage Banker Prosecutions

September 10, 2014
Thomas Ressler
Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...
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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.
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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.
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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.
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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...
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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.
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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.
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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
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Latest Imf News

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