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Brokers Wanted to Send a Message to Wholesalers, Starting a ‘BRAWL’

October 20, 2017
Brandon Ivey
BRAWL chief Tony Casa said if loan brokers want to send a message to firms that operate in both wholesale and retail, brokers should take their business elsewhere.
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GOP Critical of Fannie/Freddie QM Exemption

October 20, 2017
Brandon Ivey
FHFA chief Mel Watt acknowledged the advantage provided to GSE-eligible mortgages...
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Agency MBS Trading Had Strong Month in September

October 20, 2017
Paul Muolo
For traders, the good news is that MBS issuance increased to $357.2 billion in the third quarter, the strongest performance of the year...
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What We’re Hearing: A Good (but Not Great) Year About to End / A Top-10 Lender for Sale? (No) / Will Mel Watt Clear the Air on ‘Zero Capital’? / The Freddie Mac Rumor / Ocwen’s Future May be Now?

October 20, 2017
Paul Muolo
Plenty of executives we’ve spoken to the past few months believe the industry is in for a considerable spate of M&A in the year ahead. Then again, we’ve heard that prediction before...
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Agency Servicing Continued to Grow in 3Q17, Megabanks Show Little Interest

October 19, 2017
John Bancroft
The four megabanks reduced their agency mortgage servicing rights by $59.6 billion during the third quarter…
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Freddie Mac Pushes Back Against Criticism on Its Use of Equifax

October 19, 2017
Brandon Ivey
However, officials at Freddie said the claims regarding the GSE and Equifax lacked context.
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Mortgage Due Diligence Firms Open to Working Together to Standardize Reporting

October 19, 2017
Brandon Ivey
Each due diligence firm applies its own interpretation of compliance...
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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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