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Ocwen Eyeing $375 Billion in Acquisitions, Reports Record Revenue

May 2, 2013
Brandon Ivey
Thanks to its servicing business, Ocwen posted strong earnings in the first quarter but questions have been raised about its gain-on-sale margin.
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Democrats Laud Watt’s Nomination to FHFA, Continue ‘Dump DeMarco’ Demands

May 2, 2013
Charles Wisniowski
Despite the nomination of Rep. Mel Watt (D-NC) to head FHFA, certain Democrats want Acting Director Edward DeMarco fired. Now.
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IMA Finds Buyer for $12.7B of MSRs, Floats Another Large Package

May 2, 2013
Paul Muolo
The bulk servicing market is showing signs of heating up: IMA has two deals totaling $23 billion in the works.
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California Nonbank Skyline May Double Originations This Year

May 2, 2013
Paul Muolo
Skyline Home Loans, a shop controlled by industry veteran Bill Dallas, could double loan originations this year. Roughly 35 percent of its fundings entail purchase money loans.
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Short Takes: PHH Sees Its Gain-on-Sale Drop / Flippers Say ‘Viva’ Las Vegas and Orlando Too / Auction.com Sells Apartment Buildings in Competitive Bid / Treasury Comes Clean on HAMP / Sen. Corker Uncorks

May 2, 2013
Brandon Ivey and Paul Muolo
PHH Mortgage saw its gain-on-sale margin decline but it marked up the value of its MSRs.
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Credit Suisse Issues $394 Million Non-Agency Jumbo MBS

May 1, 2013
Brandon Ivey
Redwood Trust isn't the only busy beaver in the jumbo MBS market. Credit Suisse is out with a new deal.
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Quicken Top Seller of Retail Originated Loans with PMI in 1Q13

May 1, 2013
John Bancroft
When it comes to sales of retail-originated loans with private mortgage insurance, Quicken Loans is the new king of the market, according to exclusive figures compiled by Inside Mortgage Finance.
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Genworth Reports First Profitable Quarter for Mortgage Insurance Unit in Five Years

May 1, 2013
George Brooks
Not only is Genworth's mortgage insurance division in the black again, but it expects to stay profitable.
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Denver Nonbank W.J. Bradley Does ‘Roll Up’ Deal with Washington Lender

May 1, 2013
Paul Muolo
W.J. Bradley isn't necessarily buying Legacy Group Lending, but the two firms are combining forces.
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Short Takes: FHFA Issues Progress Report on Securitization Platform / But Little Progress in Finding a Platform CEO / Union Bank Buys LPS Software / Ally Totally Out of MSRs / Shiller Not so Bullish on Housing

May 1, 2013
Paul Muolo and Charles Wisniowski
FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.
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