New HUD Rules: Housing Counselor Certification a Must January 3, 2017 George Brooks The agency said 108,875 homeowners avoided foreclosure after seeking assistance from a HUD housing counselor.Read More
A Small Club: Nonbank Mortgage Firms (or Their Owners) That Have Purchased Depositories January 3, 2017 Paul Muolo Consultant Joe Garrett notes: “It’s a very small club of mortgage bankers who’ve bought banks…”Read More
A Done Deal: Arch Completes Purchase of No. 1 Ranked MI, United Guaranty January 3, 2017 Paul Muolo With the purchase now complete, there are just six MI firms in the U.S.Read More
Floodwaters of Negative Equity Continue to Recede January 3, 2017 Thomas Ressler When the housing recession was in its early years, negative equity was most pronounced in a handful of Southwestern and Southeastern markets... Read More
Short Takes: Mortgage M&A Bust? / Don’t Expect Sellers to Cave on Price / RPM Mortgage Hungry for Deals? / Bank M&A Quite Strong in a Post-Crisis Sort Of Way January 3, 2017 Paul Muolo With rates rising (and staying that way, for now) mortgage M&A is expected to pick up steam in the coming months...Read More
What We’re Hearing: 10 Mortgage Firms to Keep an Eye on in 2017 – and Why December 30, 2016 Paul Muolo But if you think that Wells Fargo will pull a “BofA” and quietly downshift its presence in mortgages, think again.Read More
FHA ‘Rehab’ Loan Volume at $2.4 Billion and Counting December 30, 2016 George Brooks In the third quarter, the top FHA rehab were Prospect Mortgage, Movement Mortgage and Wells Fargo.Read More
ARMs a Higher Risk for Defects, Misrepresentation and Fraud December 30, 2016 Brandon Ivey The index estimates the level of defects detected in loan applications processed by the First American FraudGuard system.Read More
The Largest MSR Deal in Years: PHH Agrees to Sell $72 Billion of Bulk Product to REIT ‘New Rez’ December 29, 2016 Paul Muolo PHH said it will subservice the loans for New Residential "for an initial period of three years, subject to certain termination provisions."Read More
PHH’s ‘Self Liquidation’ Continues. Most of its MSRs Slated for Sale to ‘New Rez’ December 29, 2016 Paul Muolo The sale proceeds exclude estimated transaction fees and expenses of roughly 5.0 percent...Read More
RSS