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Nationstar Wins TBW Bid? / Agency MBS Takes a Breather in February / Mortgage Brokers Rock / Ed DeMarco, the Most Powerful Man in Mortgage Finance Today? / Broker Sheds Tears Over New Subprime Firm

March 8, 2013
Nationstar appears to be the winning bidder on the Taylor Bean & Whitaker MSR pacakge. Meanwhile: Ed DeMarco, the most powerful man in mortgage finance today?
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RMS Gets Warehouse Line for HECM Lending

March 8, 2013
Reverse Mortgage Solutions, a HECM lender bought by Walter Investment Management Corp. last fall, has received a $100 million warehouse line of credit from Royal Bank of Scotland, according to a new filing with the Securities and Exchange Commission. The line is legally structured as a master repurchase agreement. However, it is also considered “uncommitted” and matures in February of 2014. RMS will use the money to fund new originations of HUD-backed home equity conversion mortgages. Several of the nation’s largest banks have exited the HECM space the past two years, including Wells Fargo and Bank of America. A handful of nonbanks have moved ...
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How Much Gas is Left in the Refi Tank? Wells Tops Purchase Money List

March 7, 2013
John Bancroft
The purchase mortgage business has been in the tank since the housing crash. Although home buying is on the upswing, will it be enough to replace the refi boom?
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NAFCU Worries About CFPB Definition of Finance Charge, Usefulness of ‘APR’

March 7, 2013
Thomas Ressler
The National Association of Federal Credit Unions is urging the Consumer Financial Protection Bureau to take another look at the usefulness of APR disclosures, among other things.
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Three M&A Deals in the Works at Mortgage Banking Solutions

March 7, 2013
Paul Muolo
Merger and acquisition activity is perking up in the mortgage market with a deal set for unveiling possibly by Friday afternoon or early next week.
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Walter’s Reverse Unit Gets $100 Million Warehouse Line From RBS

March 7, 2013
Paul Muolo
Reverse Mortgage Solutions has tapped RBS for a large warehouse line of credit that matures next year.
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Nationstar Posts Strong Earnings, Unveils GNMA Servicing Deal

March 7, 2013
Paul Muolo
Nationstar Mortgage earned $63.8 million in the fourth quarter as it continued to snatch up MSR packages.
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Short Takes: Fannie Selling $250 Million of NPLs? / Vericrest Names New CEO / Consumers Get a ‘Free Lunch’ of Lower Rates / LLPAs Not Going Away Soon

March 7, 2013
George Brooks, Paul Muolo, Thomas Ressler, and Charles Wisniowski
Fannie Mae is about to offer $250 million of nonperforming mortgages for sale in the secondary market.
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Newcastle, Fortress Affiliate Agree to Purchase $4.2B of Loans from HSBC

March 6, 2013
Brandon Ivey
New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.
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California Remains the ‘Golden State’ for GSE MBS

March 6, 2013
Charles Wisniowski
Loans funded in California continue to dominate Fannie Mae and Freddie Mac purchases and MBS, according to a new analysis from Inside The GSEs.
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Latest Imf News

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Featured Data

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  • Bank Mortgage Repurchases Decline in Third Quarter

  • Mortgage REITs Up Agency MBS, Shed Non-Agency

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