Short Takes: Arch Winds up with a Larger Market Share than Anticipated / Silver Point Sells Some of its Stake in PHH / No. 13 / Trading Desks Take on Nonprime / New Hires for LenderLive April 27, 2017 Paul Muolo PHH Corp. releases its first quarter results the second week of May. Read More
The Early Read: Bank Mortgage Lending Down in 1Q17, Nonbanks Fare Better? April 26, 2017 Paul Muolo It’s still early in the reporting season, but when it comes to home lending, nonbank executives seem more optimistic than their depository peers…Read More
When it Comes to MI Volume, California Continues to Lead the Nation April 26, 2017 John Bancroft Roughly $12.50 billion of agency mortgages securitized during the first quarter with some form of primary MI were tied to Golden State properties.Read More
Ocwen Elevates its Legal Battle Against the Regulatory Establishment, Asks Court to Decide if the CFPB is Unconstitutional April 26, 2017 Thomas Ressler Ocwen’s counsel includes Goodwin Procter LLP, which also is representing PHH Corp. in its legal battle against the agency…Read More
Thanks to UGC Purchase, Arch MI Boosts Gross MI Premiums by 214 Percent April 26, 2017 Paul Muolo Arch reported primary mortgage insurance in force of $237.8 billion at March 31…Read More
Meanwhile, in the PHH Case, DOJ Gets 10 Minutes April 26, 2017 Thomas Ressler The DOJ, as anticipated, switched sides in this dispute after President Trump took office. Read More
Short Takes: More GSE Reform Plans / Fannie-Freddie Speculators May Make Out After All / Ocwen Gets a Break / Hey Ben, Call Your Friends in the White House and Tell Them … / This HUD Job About to be Filled? April 26, 2017 Paul Muolo Is the White House pondering HUD-related nominations?Read More
ICBA Calls for Delay of Single Security Until GSEs are Recapitalized and Released from Conservatorship April 25, 2017 Brandon Ivey The ICBA believes the GSE risk-sharing securities are illiquid and would likely “dry up” in times of market stress.Read More
Flagstar’s 1Q17 Results: Originations and Earnings Both Fall; MSR Sales Will Continue April 25, 2017 Paul Muolo Flagstar sold $8.0 billion of residential servicing rights during the first quarter compared to $6.7 billion in the fourth quarter.Read More
Nonbanks Keep Building Market Share in GSE Servicing Rights April 25, 2017 John Bancroft Nonbank mortgage firms increased their servicing portfolios by 3.0 percent during 1Q17, more than double the 1.3 percent increase in total Fannie/Freddie servicing during that period.Read More
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