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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
Paul Muolo and Carisa Chappell
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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Short Takes: FHFA Wants Greater Accountability on GSE NPL Sales / A Fannie NPL Auction? / Ocwen Earnings Not Coming Soon? / Radian Lassoes 200 New Customers / Michael Kim Moves to Apollo

March 2, 2015
Paul Muolo
On Monday, the Federal Housing Finance Agency published new guidelines to govern nonperforming loan sales by Fannie Mae and Freddie Mac...
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Ocwen Updates: Big Goodwill Charge, Plans to Sell $45 Billion of Fannie MSRs

March 2, 2015
Paul Muolo
Coupled with a recently announced Freddie Mac MSR sale to Nationstar ($9.8 billion), Ocwen estimated the sale of GSE receivables will generate $550 million in gross proceeds.
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