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New Rez: Large MSR Transfers from Banks to Nonbanks DoA; REIT in Talks with the FHFA…

February 22, 2017
Brandon Ivey
Officials at New Rez are set to meet with the FHFA to discuss servicing issues, including MSR financing…
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PE Investors Making Bets on Mortgage ‘Disruptors.’ Building a Better Mousetrap?

February 22, 2017
Paul Muolo
Nexera founder and CEO Steve Abreu – a former GMAC executive – said there’s a great deal of interest from PE firms in the “disruptor” segment…
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NAR Wants the GSEs to Reduce Fees, Complains to FHFA about Fannie Financing SFRs for Wall Street

February 22, 2017
Paul Muolo
Freddie Mac has yet to enter the SFR market in any significant way, but may soon, its CEO told IMFnews recently…
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Short Takes: A Huge Rally for Fannie, Freddie Common (for Today At Least) / Will Investors Lose Patience with Pershing Square and Bill Ackman? / FIG Purchase by Japanese Bank Won’t Affect New Residential / Parkside Expands Jumbo Offerings

February 22, 2017
Brandon Ivey and Paul Muolo
Market watchers must be wondering just how long investors will continue to believe in the GSE “bet” made by hedge fund manager Pershing Square Capital Management.
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Trouble in the Jumbo Sector? Originations Decline for Second Consecutive Quarter; Market Share Down Too

February 21, 2017
Brandon Ivey
Meanwhile, it appears that JPMorgan Chase is ready to surpass Wells Fargo as the market leader in jumbo production…
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MSR-Investing REIT New Residential More Than Doubles 4Q Profit to $225 Million

February 21, 2017
Paul Muolo
At Dec. 31, New Residential valued its mortgage servicing portfolio at $659 million...
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Ocwen Share Price Spikes After Servicer Settles with California

February 21, 2017
Paul Muolo
“This is a fair and just settlement for California consumers,” said CDBO Commissioner Jan Lynn Owen. “The terms will hold Ocwen accountable for widespread violations of laws that harmed borrowers in our state.”
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House Financial Services Chair Praises Decision by Trump to Block MIP Reduction, Citing Higher FHA Delinquencies in 4Q

February 21, 2017
George Brooks
David Stevens, MBA president and chief executive officer, said the FHA’s newer books of business have great credit quality, which makes the spike in 30-day delinquencies more surprising.
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Banks Increase MBS Holdings – Went on a Buying Spree of Ginnie Mae Product in 4Q16

February 21, 2017
John Bancroft
Bank holdings of Fannie Mae and Freddie Mac pass-through securities were up a more modest 0.6 percent from the third quarter…
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Short Takes: CoreLogic Executive Departs. No Reason Given / Getting Excited About Ocwen? / What Does Bill Erbey Know? / MountainView Hits Market with Two New MSR Deals / Norcom Expands Into Tampa

February 21, 2017
Paul Muolo
No details were available on why Dave Hurt parted ways with CoreLogic...
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