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Mortgage Employment Almost Flat; One Issue: Hiring LOs With Heavy Pipelines

February 9, 2015
Paul Muolo
Another manager noted that, “It’s been very intense recruiting in the markets that have shown the most growth: Texas, California, Florida and the DC [Washington] area.”
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Pending Jumbo MBS from CS Dinged By Fitch for Concerns About Origination Practices

February 9, 2015
Brandon Ivey
Forty-six different lenders contributed to the MBS led by Quicken Loans with a 39.1 percent share...
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Short Takes: Pingora Weighs in on FHFA Servicer Eligibility Standards / Low Delinquencies for Pingora / RCS Hits $14B Mark on MSR Asset / Caution on Stonegate / Premier Coming Off a Good Year

February 9, 2015
Paul Muolo
Some factions of the industry have expressed a concern about the “liquidity language” in the FHFA proposal, but that’s not a concern for Pingora's Lau.
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BlackRock First Out of the Gate With a Peer-to-Peer ABS

February 6, 2015
Brandon Ivey
To bring the ABS to market the credit enhancement on the transaction is a hefty 23.50 percent.
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Agency MBS Issuance Softened in January as Purchase Market Slowed

February 6, 2015
John Bancroft
Fannie, Freddie and Ginnie produced $85.18 billion of new single-family MBS during the month of January.
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Treasury Exercise Suggests Agency-Eligible Loans Would Receive Favorable Non-Agency MBS Ratings

February 6, 2015
Brandon Ivey
Michael Stegman, a counselor to the Treasury on housing finance policy, said the exercise aims to solve the “chicken-and-egg” issue that some see as holding back non-agency MBS activity.
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Obama Estimate on Those Helped by FHA Premium Cut Exaggerated?

February 6, 2015
George Brooks
Meanwhile, a separate survey conducted by Inside Mortgage Finance found 17 percent of respondents holding the belief that the premium cut will have little effect...
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What We’re Hearing: A Death Knell for GSE Principal Reductions? / Too Many Chickens for Subprime? / Newman Moves Closer to Completing Purchase / Dimensional Increases Stake in PHH / The Ocwen-Cockroach Comparison?

February 6, 2015
Paul Muolo
With Ocwen about to unload a massive amount of servicing rights will the company still need to have such a large back-office operation in India?
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Ocwen Files Notice: A Fourth Quarter Loss and Monthly MSR Sales; Company the Subject of 46 Exams

February 5, 2015
Paul Muolo
The nation’s largest nonbank servicer revealed that during 2014, state regulators commenced 46 examinations “of one or more of our areas of operation…”
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Nonbanks Continue to Steal Servicing Market Share Away From Depositories

February 5, 2015
John Bancroft
Among the top 10 residential servicers, just three firms managed to grow their receivables from the third to fourth quarter: Quicken, Walter and U.S. Bank Home.
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