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10 Mile Capital Ready to Invest in Mortgage Banking Firms

February 25, 2015
Paul Muolo
A veteran of Bank of America, GE Capital and other financial service firms, Williams said he hopes to unveil 10 Mile’s first investment in April.
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Warehouse Commitments on the Rise Again; How Long Can it Last?

February 24, 2015
Paul Muolo
The only thing bothering most warehouse managers is how long the good times can last.
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WinWater Goes a Little Outside the Box on New Jumbo MBS: LTVs North of 80 Percent

February 24, 2015
Brandon Ivey
KBRA said its loss model is highly sensitive to the increased probability of default associated with mortgages that have high combined LTV ratios.
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In Earnings Call Redwood Cites ‘Excess Capacity’ in Correspondent Channel

February 24, 2015
Brandon Ivey
In recent years, Redwood has focused on jumbo mortgages but the REIT is now placing a greater emphasis on conforming loans.
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Yellen Committed to Letting MBS Run Off the Fed’s Balance Sheet

February 24, 2015
Thomas Ressler
Fed chief Janet Yellen also signaled a continuation of the status quo for interest rates...
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Ocwen Mum on When it Will Release Fourth Quarter Earnings

February 24, 2015
Paul Muolo
Meanwhile, investors are beginning to focus on some of the contractual language in the sale agreement between New Residential Investment Corp., and Home Loan Servicing Solutions...
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Short Takes: Next Up, Walter Investment / Why No ‘Big’ Mortgage M&A? / Lay Offs At… / Sterne Agee Slated for Sale / The CFPB, an ‘X-Factor’?

February 24, 2015
Paul Muolo and Thomas Ressler
We understand from one very good source that a top 30-ranked lender has been quietly trimming staff of late….
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Ocwen Agrees to Sell $9.8 Billion of MSRs to Nationstar; ‘New Rez’ Will Buy HLSS

February 23, 2015
Paul Muolo
New Residential will pay roughly $18.25 a share for HLSS, valuing the deal at $1.3 billion.
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Jumbo Market Share Best Since 2002; Wells Dominant Once Again

February 23, 2015
Brandon Ivey
Wells Fargo remained the most dominant lender in the sector with $42.28 billion of jumbo originations in 2014, down 2.5 percent from the year before.
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VA to Issue Final ‘Qualified Mortgage’ Rule in May

February 23, 2015
George Brooks
Total points and fees may not exceed 3 percent of the total loan amount for loans of $100,000 or more.
Read More
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Latest Imf News

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  • Weak Jobs Report Could Delay Rate Hike by Fed

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Featured Data

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  • Originations Increase in 2Q Amid Headwinds From Rates

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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