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Nationstar Mortgage May Buy $50 Billion in MSRs, Walter $31 Billion

December 5, 2013
Paul Muolo
Is the mortgage servicing sales market beginning to slow? Not in the least. Nationstar and Walter are active buyers.
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Potential Investors Still Eyeing Ellie Mae, But Concerns Emerge Over Price

December 5, 2013
Paul Muolo
Ellie Mae has annualized revenues of roughly $130 million. The company went public two years ago.
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Short Takes: Solutionstar IPO Could Come in First Quarter / But Another Mortgage Firm May Nix Its IPO / WJB Will Fund $5 Billion This Year / Hot Loan Markets / MGIC Stock Nears 52-Week High

December 5, 2013
Paul Muolo
Inside Mortgage Finance is hearing rumblings about a mid-sized nonbank that was contemplating an initial public offering pulling the deal.
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Ocwen Plans Nonprime Originations

December 4, 2013
Brandon Ivey
A new type of subprime lending may be emerging and Ocwen Financial hopes to be a trailblazer.
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Appeals Court Deals HUD, CFPB a Setback Over Affiliated Business Arrangements

December 4, 2013
Thomas Ressler
The Consumer Financial Protection Bureau, which inherited RESPA enforcement from HUD, has been leaning on this test in such enforcement actions of its own.
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HUD Plans Nonperforming Loan Auction for Mid-December

December 4, 2013
George Brooks
The HUD NPL auction features 5,000 delinquent single-family loans totaling $1 billion in unpaid principal balances with representations and warranties.
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M&A: IMH Sells a Servicing Platform, Flagstar Finally Unloads MSRs?

December 4, 2013
Paul Muolo
Impac Mortgage released a statement on the sale of a servicing affiliate, but was light on details, including the identity of the buyer.
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NewLeaf Hopes to Table Fund $1.5B Through Brokers

December 4, 2013
Paul Muolo
Bill Dallas sees NewLeaf table funding a huge amount of mortgages through brokers next year.
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Short Takes: Ocwen Will Enter Non-RE Subprime Market / Daurio Meets with Potential Investors / Non-Agency Fundings Continue to Boom at Citadel / More Bad News on Mortgage Profits / Delay in CSP Job / CoreLogic Eyes SF Rental Market

December 4, 2013
Paul Muolo and Brandon Ivey
In other subprime news, industry veteran Jon Daurio was recently in New York talking to potential investors about his new nonbank venture, Nikkael Capital Corp.
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Short Takes: Maybe the QM Won’t Be So Bad After All / Then Again… / Big Problems Coming From Higher Flood Insurance Premiums / Opus Sold to an Indian Firm / FHFA Gets a $1.2 Billion 'Claim'

December 3, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
What's the outlook for making mortgages collateralized by homes located in federal flood plains? Answer: Not so good.
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