Short Takes: Nonprime Lender Deephaven Gains a Top Executive / A Harbinger of LLPA Changes? / An Easing of Credit Standards? / Where Are Impac’s Earnings? VRM Hires Former Fannie Official March 18, 2015 Carisa Chappell and Paul Muolo Subprime lender Deephaven Mortgage has a new executive...Read More
GSE Market Share Hits Post-Conservatorship Low in 4Q March 17, 2015 John Bancroft For all of last year, Fannie and Freddie securitization of newly-originated loans accounted for just 65.7 percent of MBS issuance, primarily because declining refi volume...Read More
Sources: JPMorgan the Buyer of Ocwen’s $45B Fannie MSR Portfolio March 17, 2015 Paul Muolo Walter Investment also was looking at the Ocwen receivables, sources said.Read More
The ‘Mystery’ Captive That Joined the Indianapolis FHLB is Five Oaks March 17, 2015 Brandon Ivey A ban on captive insurers joining the FHLB system appears to be over.Read More
CoreLogic: Negative Home Equity on the Rise Again, but Only Sequentially March 17, 2015 Carisa Chappell Nevada was the leader in underwater homes with 24.2 percent of mortgaged properties in a negative equity position.Read More
FHA Insurance More Costly Than Private MI: WalletHub March 17, 2015 George Brooks The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...Read More
Short Takes: Consumer Reports Advises Against Using Loan Brokers / NAMB: Come to Work With Us / Five Oaks Flying Solo on Jumbo MBS / Auction.com: Washington is Flipping Heaven / Ginnie MSRs for Sale March 17, 2015 Brandon Ivey and Paul Muolo “We don’t recommend that you hire a mortgage broker” for rate shopping purposes, says Consumer Reports magazine...Read More
The Unhappy Return of GSE Buybacks: A 31 Percent Increase March 16, 2015 John Bancroft Despite the sequential jump in buybacks, the fourth quarter total was the second-lowest repurchase amount disclosed by the two...Read More
MBS Certificate Holders Vote to Terminate Ocwen on $493 Million of Bonds March 16, 2015 Paul Muolo Will Ocwen Financial get compensated for the termination?Read More
Commercial Banks and Whole Loans, What’s the Deal? March 16, 2015 Brandon Ivey Bank demand for MBS has increased due to new accounting requirements and a decline in total residential loan production in recent years.Read More
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