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As Mortgage M&A Heats Up, Panorama Partners Ready to Pounce; Will Ocwen be a Buyer Again?

November 15, 2018
With originations slowing and scores of lenders pondering exit strategies, Panorama Partners is poised to make a big splash as a buyer of companies in the quarters ahead, according to Eric Egenhoefer, who’s teaming up with the private equity firm.
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After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

November 15, 2018
Paul Muolo
The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”
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Nonbank Profits a Mixed Affair in Third Quarter

November 14, 2018
John Bancroft
Ocwen Financial has not been a model of prosperity...
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A Brighter Future for Non-Agency May Translate Into Better Days for Trading Desks

November 14, 2018
Paul Muolo
Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…
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Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’

November 14, 2018
Brandon Ivey
Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.
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A Blood-curdling Stat: Refi Index Falls to (Almost) 20-Year Low

November 14, 2018
Paul Muolo
One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”
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1,400 Stakeholders Contacted as Part of GSE UMBS Conversion

November 14, 2018
Paul Muolo
Fannie and Freddie and their joint venture, Common Securitization Solutions, will implement the SSI and issue the first UMBS on June 3 of next year…
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Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title

November 14, 2018
Paul Muolo and Yemeng Yang
The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.
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PrimeLending Recruits LOs, Cuts Poor Performers

November 13, 2018
Brandon Ivey
As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.
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CFPB Exams Continue Apace Despite the 'Mulvaney Effect’

November 13, 2018
Paul Muolo
MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…
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Latest Imf News

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