FHFA Director Mark Calabria: "That might be fine for a normal company, but these are companies that are in conservatorship. They’re essentially in bankruptcy.” 

The number-one-ranked MI firm has a market share of 19.6%. The number-five-ranked shop is at 16.1%. Quite a foot race…

Based on third quarter figures compiled by Inside Mortgage Finance, FHA lending accounts for 10.17% of the overall first-lien origination market.

Calabria stressed the plan is process-based rather than calendar-driven. He also pointed out that the two mortgage giants will have to be adequately capitalized and make appropriate changes to their culture.

The shift in loan type prompted higher credit enhancement: 26.8% on the senior tranche...

KBW on Ocwen: “While the company is setting up MSR [mortgage servicing rights] financing facilities, management noted returns on available MSR trended down, though the company did lower its targeted ROE [return on equity] on agency MSR to 8.5% from 9.5%."

“In the first quarter everybody was hating life,” said Michael Lau, CEO of Pingora Asset Management. “Now everybody is loving life. They have fat margins and origination pipelines are robust.”

Veterans United Home Loans, Quicken, and United Wholesale Mortgage ranked first, second and third, respectively among VA originators…

SitusAMC is working on several potential MSR transactions as well...

Luxury Mortgage was founded in 1996 and is currently headed by CEO David Adamo. Years ago, there was a company with a similar name headed by Michael Covino…