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FHFA Director Watt: ‘I’m Guilty of Having an Attraction to You, That is True’

September 27, 2018
Paul Muolo and Carisa Chappell
To date, Watt has maintained that he did not do anything legally wrong...
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Short Takes: Hensarling’s Long Goodbye / Not a Candidate to Head the FHFA / 15 More Recordings / A Large Non-QM MBS? / A Name Change for Sutherland

September 27, 2018
Paul Muolo and Carisa Chappell
Rumors were floating around this week that a large non-QM securitization deal could be in the works...
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Investment Fund Highbridge Capital Buys Stake in Troubled Ditech Financial

September 27, 2018
Highbridge Capital Management, New York, this week disclosed a 9.79 percent stake in the troubled Ditech Financial, a once bankrupt servicing giant whose future continues to be an open question.
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Banks, Thrifts and First Liens, the Love Affair Continues

September 26, 2018
Brandon Ivey
Three megabanks account for an outsized share of first liens held by banks: Wells Fargo, JPMorgan Chase and Bank of America.
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Issuance of Non-Agency MBS Constrained by a Lack of Reforms to Reps and Warranties

September 26, 2018
Brandon Ivey
Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…
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Bridgeview Bank Agrees to Sell Mortgage Unit to Nonbank

September 26, 2018
Paul Muolo
A spokeswoman for bemortgage said the lender’s staff will be kept in place…
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CFPB Seeks Input on Data Collection Practices

September 26, 2018
Yemeng Yang
The new request for information, issued Tuesday, solicits comments on all aspects of data collection...
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First Up to Testify Thursday at the HFSC FHFA Oversight Hearing: Simone Grimes, Mel Watt’s Accuser

September 26, 2018
Carisa Chappell
Simone Grimes, who holds the title of special advisor, is still employed by the agency.
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Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse

September 26, 2018
Paul Muolo
Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.
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Sprout Executive David Akre: Make Non-QMs or Cut Overhead. Your Choice

September 25, 2018
Brandon Ivey
Matt Nichols, CEO of Deephaven Mortgage, said the share of LOs that actually offer non-QMs is in the single digits.
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