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What We’re Hearing: A Nascent Subprime Revival / A 7.0 Percent Yield / Not Roland Arnall’s Subprime / Maybe Wall Street Will Take a Subprime Lender Public / Good News for Arch, Bad News for Genworth / G-Fee Battle Looms

October 30, 2015
Paul Muolo
It makes sense that Fannie Mae/Freddie Mac g-fees should be used to pay for highway repairs. After all, people drive on highways to reach their homes which were bought with mortgages likely guaranteed by the two.
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Final 3Q15 Origination Tally: $455 Billion; Large Lenders Building Market Share Again

October 29, 2015
John Bancroft
During the third quarter, the top 25 lenders accounted for 58.3 percent of total originations.
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The Guessing Game Over a Cut in FHA Premiums Continues

October 29, 2015
George Brooks
As program fundamentals trend upward, industry consultant Brian Chappelle is optimistic that another rate cut will happen – it’s just a matter of when.
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After Another Large Quarterly Loss, Ocwen’s Stock Gets Hit

October 29, 2015
Paul Muolo
At press time, its share price was at $6.66 compared to a 52-week low of $5.66 and an all-time high of $60 a share.
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Remember ‘Strategic’ Defaults? They’re Actually Quite Rare

October 29, 2015
Brandon Ivey
But the analysts eventually conceded they didn’t have data on borrowers’ assets, income, LTVs and more.
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Carl Icahn Calls for United Guaranty to Be Separated Out From AIG

October 29, 2015
Paul Muolo
Among other things, Icahn mentions a "changing and potentially punitive regulatory framework..."
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Short Takes: Looser Condo Rules from FHA? / Sterne Agee Not Optimistic on Nationstar / Some Good News from Ocwen (Sort of) / Strong CRE Volume from Auction.com / The Sky is Falling: the Fed May Hike Rates

October 29, 2015
Paul Muolo
There was some good news from Ocwen: the company earned $44.2 million from servicing sales...
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Mortgage Complaints in the Windy City on Par with National Average

October 28, 2015
Thomas Ressler
Of the 21,100 complaints submitted by consumers in the region, 27 percent have been related to mortgages.
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Earnings and Production Drop at EverBank; MSR Sale to Nationstar Pending

October 28, 2015
Paul Muolo
The sale of mortgage servicing rights to Nationstar should transfer by Nov. 1.
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FHFA Rule on ‘Captives’ and FHLB Could End in a Compromise

October 28, 2015
Paul Muolo
Although the FHFA received more than 1,300 comments on proposed changes to its membership rules, it has yet to issue a final regulation.
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Latest Imf News

  • Rocket Tops Agency Servicers With Mr. Cooper Acquisition

  • MBA Economist Still Sees Interest Rates Staying Above 6.0%

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More Imf News

Featured Data

  • Correspondents Gain Market Share in Government Lending

  • Solid 4Q Carries 2025 MBS/ABS to $2 Trillion

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More Featured Data

Featured Reports

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More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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