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The SFIG Roundup: Market Participants Confident, Record Attendance. What Could Go Wrong?

March 2, 2018
Brandon Ivey
Issuance is increasing across various asset sectors, with many sponsors reporting improved pricing and growing interest from investors…
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Ocwen and PHH: A Match Made in Adversity?

March 2, 2018
Paul Muolo
PHH’s common once traded as high as $28 a share, Ocwen $58 a share. Today they trade for $10.50 and $3.50, respectively…
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HUD Tells States to Factor in Rising Sea Levels. (Yes, You Read that Correctly)

March 2, 2018
George Brooks
“But HUD is doing the right thing here,” said Rob Moore, a senior policy analyst at the Natural Resources Defense Council.
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What We’re Hearing: Ocwen’s CFPB Problem Isn’t Going Away / Overseas Regulatory Exposure / Jeb Hensarling’s GSE Bill / Does the AEI have the Ear of the White House? / HUD Secretary Shocked to Find Gambling in his Establishment / Brian Montgomery, the Pati

March 2, 2018
Paul Muolo
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
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Short Takes: Down, Down, Down for Fannie, Freddie Common / An OTC Stock / Ocwen CEO Has No Contract / Deloitte Will Pay DOJ $150 Million in TBW Fraud Case / A New Hire for Sierra Pacific Mortgage

March 1, 2018
Paul Muolo
At last check, Fannie common was selling for $1.62 a share, Freddie $1.57.
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IMA Hits the Market with a $713 Million Package

March 1, 2018
Paul Muolo
Loans in Tennessee account for the largest portion of the portfolio at 28 percent…
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A Match Made in Adversity? Ocwen Agrees to Buy PHH Corp. Can it Fly?

March 1, 2018
Ocwen Financial midweek agreed to buy PHH Corp. for roughly $360 million in cash, a deal that caught the market by surprise and has analysts and advisors wondering whether two money-losing lender/servicers can make a go of it in a tough origination market.
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Warehouse Commitments Begin to Slow in a Rising Rate Environment

March 1, 2018
Warehouse providers ended 2017 with an estimated $67.0 billion of commitments on their books, flat compared to the prior quarter and a sign that growth in the sector, at least for now, is taking a respite in the wake of higher interest rates.
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Purchase-Mortgage Lending Turns in its Best Year Since 2006

March 1, 2018
John Bancroft
An estimated $1.148 trillion of home-purchase mortgages were originated in 2017, a 10.7 percent increase from the prior year.
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Ocwen Reveals the Bloom May be Off the Rose at its India-based Operations

March 1, 2018
Paul Muolo
Ocwen disclosed this warning: “Non-compliance with the laws and regulations of India or the Philippines could result in restrictions on our operations in these countries, fines, penalties or sanctions or reputational damage.”
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