Short Takes: Mortgage Master Top Lender in Massachusetts? / Nationstar Mortgage Executives Selling Shares / Help Save the FHA Multifamily Program March 12, 2013 George Brooks and Paul Muolo Is privately held nonbank Mortgage Master the Big Kahuna of residential lending in Massachusetts? Read More
Ocwen Continues to Gobble Up MSRs with $85B Ally Deal March 12, 2013 Paul Muolo The fast growing Ocwen Financial won the bid for Ally Financial's residential servicing portfolio.Read More
Non-Agency Jumbo Originations Up Nicely in 2012, More Product Choices Help March 11, 2013 Brandon Ivey An estimated $203 billion in non-agency jumbo mortgages were originated in 2012, according to a new tally from Inside Mortgage Finance.Read More
Allonhill CEO Diana Mead Departs Due Diligence Vendor March 11, 2013 Paul Muolo Due diligence provider Allonhill LLC loses its CEO Diana Mead.Read More
CFPB Probing Ally’s Retail Financing Practices March 11, 2013 Thomas Ressler The SEC is investigating Ally Financial's retail lending practices but there are no additional details on the specifics.Read More
Senator Seeks DOJ Investigation of LPS, Alleges Double-Billing, More March 11, 2013 Charles Wisniowski Mortgage vendor Lender Processing Services continues to have robo-signing related headaches, thanks to a request from Sen. Ron Wyden of Oregon.Read More
Jumbo Issuer Redwood Sells $288 Million of Debt March 11, 2013 Paul Muolo Redwood Trust taps the debt market for cash to support its jumbo MBS business.Read More
Short Takes: More Layoffs in the Foreclosure Review Space / FHFA IG Says Higher Rates Could Hurt the GSEs / Genworth Shares Spike / Waiting for Godot and Fannie’s 4Q Earnings March 11, 2013 Paul Muolo More foreclosure review workers are set to lose their jobs. This time the layoffs are happening at Aurora Bank of Denver. Read More
HousingPulse: FHA Share of Purchase-Money Continues to Slide March 8, 2013 Brandon Ivey FHA funding accounted for 25 percent of home-purchase financing in January, based on the three-month moving average, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. February numbers will be released shortly.Read More
Investor Sues to Stop Nationstar Auctions of Nonperforming Mortgages March 8, 2013 John Bancroft If a plaintiff gets its way, Nationstar will be blocked from auctioning off delinquent loans from MBS pools.Read More
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