Fitch: Progress Slow on Needed Changes for Non-Agency MBS January 6, 2015 Brandon Ivey Potential actions by regulators also give non-agency MBS investors cause for concern. Read More
Ellie Mae Founder Sig Anderman Stepping Down as CEO January 6, 2015 Paul Muolo Anderman took Ellie Mae public in 2011. The company now has a market cap north of $1.1 billion.Read More
California Still Loves Loan Brokers – A Lot January 6, 2015 John Bancroft Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...Read More
Will Nationstar be the Big Kahuna of MSR Acquisitions? January 6, 2015 Paul Muolo A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...Read More
Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Auction.com Sees Possible Shift in CRE January 6, 2015 Brandon Ivey and Paul Muolo “There’s a lot of 60- and 70-year old mortgage managers out there.” Read More
Mortgage Sales by Depositories Spike 25 Percent January 5, 2015 John Bancroft In 3Q the top seller of mortgages into the secondary market was Wells Fargo with $39.29 billion, a 12.7 percent sequential improvement.Read More
Big Decline in Subservicing Contracts at BofA, Ocwen, Nationstar January 5, 2015 Paul Muolo BofA has been a steady seller of mortgage servicing rights the past three years and seems to have no interest in being a subservicer.Read More
Yet More Mortgage Charges for SunTrust, This Time for $145 Million January 5, 2015 Brandon Ivey SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.Read More
Golden First Owner Banned from Government-Related Mortgage Business January 5, 2015 George Brooks In addition to the $36 million judgment against Golden First, Movtady was ordered to pay a $300,000 penalty within six months.Read More
Servicing Market Heats Up Early: A $4.2 Billion MSR Portfolio from MVSG January 5, 2015 Paul Muolo MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”Read More
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