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Disconnect Between Mortgage Industry and Obama Administration on Priority of GSE Reform

March 3, 2015
Brandon Ivey
With little non-agency MBS issuance, Collingwood noted that it’s difficult to accurately price credit risk.
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A ‘Bank’ Is Buying Ocwen’s $45 Billion Package of Fannie Mae Servicing Rights

March 3, 2015
Paul Muolo
The identity of the bank could not be confirmed at press time...
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Although Fannie and Freddie are Shrinking, Staffing Levels Hold Steady

March 3, 2015
Brandon Ivey
Freddie had 4,957 full-time employees and 50 part-timers as of Feb. 5, down 2.1 percent compared to a year ago.
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Freddie Mac Sells $392 Million of Seriously Delinquent Loans to Pretium and Bayview

March 3, 2015
Carisa Chappell
Pretium won pools one and two, which have a combined loan balance of $238.6 million.
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Short Takes: HLSS Wants an Extension Too / What’s Behind Ocwen’s Goodwill Charge? / Stewart Title Headed to the Auction Block? / FHFA’s NPL Guidelines Expected? / Ben Lawsky Has Not Gone Home Yet

March 3, 2015
Carisa Chappell and Paul Muolo
Meanwhile, Ocwen watchers are scratching their heads over a fourth quarter goodwill charge that eventually could reach $420 million...
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Dragged Down by the Nonbanks, Mortgage Banking Income Slipped in 4Q

March 2, 2015
John Bancroft
For all of 2014, this group of banks and nonbanks earned $14.01 billion off of mortgages, a 39.6 percent drop from the year before.
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Ocwen’s Servicing Sales: A ‘Controlled Liquidation’?

March 2, 2015
Paul Muolo
A spokesman for Ocwen declined to comment on the “controlled liquidation” characterization and could offer no time table on when the lender/servicer might release its fourth quarter results.
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Don’t Even Think of Basing LO Compensation on Loan Terms

March 2, 2015
Thomas Ressler
Kristie Kully of K&L Gates discussed how the rule treats issues related to splitting commissions, a subject her firm gets a lot of questions about...
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Fortress-Controlled Nationstar Files a $1 Billion Shelf for Debt, Stock and More

March 2, 2015
Paul Muolo
Nationstar is 74 percent owned by hedge fund giant Fortress Investment Group.
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Phoenix Offering Flow Deal That Could Yield $3.6 Billion of Product

March 2, 2015
Paul Muolo
Eventually, the seller may offer $500 million per month in GSE product or $6 billion per year.
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