Five Oaks Takes Loss, Hopes to Issue Another Jumbo MBS in September August 11, 2015 Brandon Ivey Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.Read More
Short Takes: Blackstone Finally Admits, Yes We’ve Been Buying Some Mortgage Companies / Who is Brian Libman? / Cherry Hill Joins an FHLB / Sistar Mortgage is Hiring / MCT Lands CMG Official August 11, 2015 Paul Muolo The Blackstone Group has finally lifted the 'cone of silence' on its acquisition of mortgage lenders. But will it disclose origination figures?Read More
Jumbo Originations Surge; Fierce Competition on Pricing, More August 10, 2015 Brandon Ivey A number of lenders, including Wells Fargo, offer jumbos that allow for downpayments of about 10 percent. Read More
Walter Posts $38.1 Million Loss; Large Impairment Charge From Reverses August 10, 2015 Paul Muolo Walter, the parent of Green Tree Servicing, also marked up the fair value of its servicing portfolio by $59.3 million.Read More
Nonbank Lender loanDepot Rolls Out a Suite of Second Lien Products August 10, 2015 Paul Muolo In general, most nonbanks exited the second lien arena in the wake of the financial crisis.Read More
Altisource Asset Posts Earnings Improvement, but Revenue Declines; Stock Clocked August 10, 2015 Paul Muolo In trading Monday, investors were not treating AAMC’s stock kindly. Read More
Short Takes: Will Other Nonbanks Follow loanDepot on HELOCs? / A Threat to the MI Industry? / Auction.com Updates Forecast / BofA and Its ‘Goodwill’ / Altisource Makes it Official on Willison August 10, 2015 Paul Muolo Will the industry see a flood of nonbanks into the second lien market?Read More
M&T in Talks With Feds Over GSE and FHA Underwriting Practices August 10, 2015 George Brooks The bank said it is cooperating with the two investigations, which could result in treble damages under The False Claims Act.Read More
Congress Expands Reporting for Mortgage Interest, Hopes to Net $180 Million Annually August 7, 2015 Brandon Ivey The brunt of the new revenue also looks as though it will be collected from mortgage borrowers.Read More
Shellpoint Plans to Reenter the Jumbo MBS Market Nearly Two Years After Planned Sale Was Scrapped August 7, 2015 Brandon Ivey The new jumbo deal from Shellpoint includes originations from New Penn along with contributions from 30 other lenders.Read More
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