$600 Million of Fannie/Freddie and FHLB MSRs Up for Grabs October 7, 2014 Paul Muolo In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.Read More
Specialty Servicer Wingspan Cuts Jobs in LA, But Not Saying How Many October 7, 2014 Paul Muolo Wingspan is a specialty servicer, a space that is looking increasingly crowded these days.Read More
Short Takes: Student Lender Enters Jumbo Mortgage Space / How are Mortgage Lenders Feeling? Not So Good / Ralph Nader Unhappy with GSE Decision / Why is Johnson-Crapo Even on the Senate Legislative Calendar? October 7, 2014 Brandon Ivey, Paul Muolo, and Charles Wisniowski Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy. Read More
Industry Deconsolidation Continues, Wells’ Share of GSE Market Gets Smacked October 6, 2014 John Bancroft IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were nonbanks.Read More
Nonbank ‘Working Group’ Includes Ocwen, Probably Nationstar, but No Quicken October 6, 2014 Paul Muolo The initiative – which is being spearheaded by The Collingwood Group – comes at a time when the share prices of publicly traded mortgage companies have reached new lows.Read More
MountainView Readies ‘Non-Prime’ Correspondent Program for Late October October 6, 2014 Paul Muolo MountainView also will extend credit to borrowers who recently completed bankruptcy.Read More
REITs, Others Get 60 Additional Days to Comment on FHLB Membership Rules October 6, 2014 Charles Wisniowski FHFA Director Mel Watt wants to ban companies from using their captive insurance affiliates from joining the FHLB system.Read More
Supreme Court Gets Another Crack at the ‘Disparate Impact’ Question October 6, 2014 George Brooks Two previous cases have raised similar issues tied to the legal theory of disparate impact.Read More
Short Takes: 3Q (Mortgage) Earnings Blues for the Megabanks? / Mr. Ackman, Would You Like to Restate That Prediction? / Rudy Orman Leaves RCS / A ‘Friends of Tony’ Mortgage? / Auction.com Selling Loans and MSRs October 6, 2014 Paul Muolo Back in May, Pershing Square founder William Ackman said the common stock of Fannie Mae and Freddie Mac could be worth at least $23 a share. Huh?Read More
Agency MBS Issuance Has Its Best Quarter of the Year, But… October 3, 2014 John Bancroft Among our findings, a few things stand out, including the ascension of PennyMac to the number two position among Ginnie Mae issuers.Read More