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Oh, and Nationstar’s EVP of Human Resources is Retiring Too

May 21, 2015
Paul Muolo
A company spokesman confirmed the departure to IMFnews, noting that O’Brien is leaving after a 40-plus career.
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Shared Appreciation Transactions Seen as Helpful to Borrowers

May 21, 2015
Brandon Ivey
Research suggests that shared-equity homebuyers have low rates of delinquency and foreclosure.
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Short Takes: Finally, Lawsky Tells Us When He’s Leaving / Meet the New NYDFS Boss, Same as the Old Boss? / Erbey Still Loves Ocwen, At Least Its Stock / Shelby Bill Passes, but... / Impac’s Non-QM Volumes Meager But Growing

May 21, 2015
Brandon Ivey and Paul Muolo
Who might replace Lawsky? How about: Rohit Chopra, assistant director and student loan ombudsman for another agency that’s highly popular with mortgage executives: the CFPB.
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Nonbank Gains in Market Share Boost Warehouse Lending; a Strong Refinance Market Helps Too

May 21, 2015
Warehouse banks increased their commitment levels to $40 billion at the end of the first quarter, a 14.3 percent sequential gain and a sign that all is well in residential originations, at least for now. Not only did warehouse providers benefit from stronger originations in early 2015, their business was boosted by the fact that nonbanks continue to gain origination market share. Compared to the same quarter a year ago, commitments are up a mouth-watering 42.9 percent, according to exclusive survey figures compiled by Inside Mortgage Finance. Then again, at $360 billion, the first quarter of 2015 was...[Includes one data table]
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CFPB May Review Lender-Paid Mortgage Insurance

May 20, 2015
Paul Muolo
One source said the CFPB is even reaching out to former MI officials to assist it in its review.
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TRID to Heighten Odds of Losses in U.S. RMBS, Moody’s Says

May 20, 2015
Thomas Ressler
Mortgages with uncured TRID violations will have higher losses if they default, owing to the potential for increased legal costs and damages, said Moody's.
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Dave Hisey Out as EVP of Nationstar Mortgage

May 20, 2015
Paul Muolo
Investors have been unhappy with Nationstar’s stock performance the past year and want a clearer picture of where the firm is headed.
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FHFA IG Worries About Nonbank Risk (Again), Cyber Attacks, More

May 20, 2015
Paul Muolo
In response to its anxiety, the Inspector General plans a series of audits that will study the risks posed by an increasing volume of nonbank loan sales.
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Congress Ponders Streamlining, Merging Rural Housing Service into FHA

May 20, 2015
George Brooks
“The process of dealing with RHS is a nightmare,” said Rep. Blaine Luetkemeyer, R-MO, vice chairman of the committee.
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Short Takes: Final Capital Standards from the FHFA Arrive / Nationstar Not Worrying / Leveraging Employees (Overseas Too) / Loan Officer Demand Red Hot? / Auction.com Branches Out

May 20, 2015
Paul Muolo
Among those nonbanks not losing too much sleep over the FHFA proposal is Nationstar Mortgage.
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Latest Imf News

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