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Stearns Reorganizes a Bit, Cuts 159 Jobs in California, but Plans to Rehire in Texas; Seeks LOs

October 19, 2017
Paul Muolo
“We continue to be bullish on the business,” said Stearns CEO David Schneider.
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Ocwen’s Departure from the Wholesale Sparks Speculation: An Eventual Sale?

October 19, 2017
Paul Muolo
Ocwen’s recent barrage of regulatory settlements, coupled with the sale of the wholesale division and the recent hiring of investment banker Chris Whalen, is sparking talk...
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Short Takes: Princeton Mortgage Enters Wholesale Arena / Ocwen Settles with Lone Star State / Stipulations Regarding REALServicing / The Original Trademark / Angel Oak Hires Fund Manager

October 19, 2017
Paul Muolo
Ocwen settled with Texas regulators as well...
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Arch Continues Re-Insurance Transactions Started by UG; New Issuance the First to Receive a Rating

October 18, 2017
Brandon Ivey
Mortgages delivered to the GSEs with an unpaid principal balance of $29.30 billion are included in the transaction.
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Radian Discloses More Pain from Services Unit (Clayton); Tennyson is Out as President

October 18, 2017
Paul Muolo
The MI also terminated Jeff Tennyson as president of the unit. No replacement will be named, a spokeswoman told IMFnews.
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U.S. Bancorp Grows Residential Production by Almost 10 Percent

October 18, 2017
Paul Muolo
Compared to the same period a year ago, residential loan production declined by 19.6 percent...
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Short Takes: The Little Guy Gets a G-Fee Break / A Coming Spike in G-Fees? / More Financial Maneuvers by Radian / A Hot Streak for Non-Agency Prime MBS / A Stock Market Crash Warning from Treasury Secretary Mnuchin

October 18, 2017
Brandon Ivey and Paul Muolo
Might this suggest that g-fees charges could spike next year when zero hour comes?
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Ginnie Mae Issuance Topped $120B in 3Q17, the Best Reading of the Year

October 17, 2017
John Bancroft
Ginnie Mae issuers securitized $85.4 billion of purchase loans in the third quarter, falling just short of the record $85.4 billion set in the third quarter of last year.
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Ocwen Settles With Arkansas, DC, Tennessee; Hatchet Now Buried With 20 Jurisdictions

October 17, 2017
Thomas Ressler
Investors are still waiting for Ocwen’s biggest outstanding dispute – the one with the CFPB – to be settled, one way or the other.
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CFPB Eyeballing New Disclosures for Reverse Mortgages?

October 17, 2017
Thomas Ressler
In recent months, the consumer bureau has expressed concerns about the risks associated with reverse mortgages.
Read More
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Latest Imf News

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Featured Data

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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