What We’re Hearing: The Mortgage Cycle Turns / PE Firms Ready to Pounce? / Show Mr. Cooper the Door? / Impac in Play? / loanDepot Retail Chief David Norris Departs for Law Enforcement Project / More Nonprime MBS on the Way November 3, 2017 Paul Muolo Ocwen will not be sold through a stock deal, but Nationstar could be...Read More
Mortgage Banking Profits Declined Slightly for Banks in 3Q17 November 3, 2017 John Bancroft Meanwhile, the indicators point to a drop in production volume for the fourth quarter…Read More
Mortgage Brokers Poised to Gain Market Share? November 3, 2017 Brandon Ivey Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel.Read More
Fannie Mae Reports Strong Earnings for 3Q17, but $1B in Hurricane-Related Charges; Large Exposure to ‘Maria’ November 2, 2017 Carisa Chappell and Paul Muolo Fannie Mae CEO Timothy Mayopoulos added: “Damage from the storms will be with us for a long time.”Read More
Minor Retreat for Top Tier Mortgage Servicers in 3Q17, Nonbanks Continue March Forward November 2, 2017 John Bancroft The only top-five servicer to report an increase in volume was Nationstar Mortgage...Read More
Fannie Mae Reports Strong Earnings for 3Q17; Hurricanes Hurt but RBS Settlement Helped November 2, 2017 Carisa Chappell and Paul Muolo Through the first nine months of the year, Fannie has posted impressive net earnings of $9.02 billion. Read More
Ocwen Takes $6.1 Million Loss in Third Quarter but Results Could Have Been Worse November 2, 2017 Brandon Ivey The loss would have been worse if not for a one-time tax benefit of $23.2 million…Read More
Nationstar Reports a $7 Million Profit for 3Q17. Smaller MSR Markdowns November 2, 2017 Paul Muolo Nationstar originated $4.25 billion of new home mortgages in 3Q17…Read More
Between Multiple Hurricanes and Wild Fires, a Market Develops for a New Breed of ‘Scratch & Dent’ Loans November 2, 2017 Paul Muolo According to bidders in the market, the early action focuses on loans that are “stuck” on warehouse lines.Read More
Short Takes: GSE Reform? What’s the Rush? / Calabria, an FHFA Director Candidate? / Capping the Mortgage Interest Deduction at $500,000 / TCF to Buy Nonbank Mortgage Firm November 2, 2017 Carisa Chappell, Brandon Ivey, and Paul Muolo Mark Calabria is not exactly a fan of the GSEs...Read More
RSS