Subservicing Volumes Stay Flat But Loan Care Shines December 18, 2014 Paul Muolo Loan Care Servicing, an affiliate of Black Knight Financial, subserviced $110.0 billion at Sept. 30, up 47.4 percent from a year ago. Read More
JPM to Bundle Low-Doc IOs Originated by Merrill Lynch 8 Years Ago December 18, 2014 Brandon Ivey The Merrill borrowers tend to have strong equity positions: the original average combined LTV on the collateral is 54.9 percent.Read More
More Turmoil at Specialty Servicer Wingspan? COO Scavone Departs December 18, 2014 Paul Muolo Scavone was hired by the company in January of 2014.Read More
Fed Chief Yellen Surprised at Lagging Housing Recovery December 18, 2014 Thomas Ressler Meanwhile, the FOMC indicated it will continue to reinvest principal payments from its holdings of agency debt and MBS. Read More
Short Takes: Thanks to Ackman, a Santa Claus Rally in GSE Stocks / New Jumbo MBS from CS / Home Flippers Stop Flipping? / Opus Active / A Departure at Altisource December 18, 2014 Paul Muolo and Brandon Ivey A year ago, in SEC filings, Pershing Square disclosed that it owned just under 10 percent of Fannie and Freddie common.Read More
OCC: Banks Are Actually Tightening Underwriting Standards December 17, 2014 Brandon Ivey The OCC said two banks exited the residential mortgage business in 2014 and another two plan to exit in the coming year.Read More
Quicken Completed Mortgage Broker LPMI ‘Sale’ in 60 Hours December 17, 2014 Paul Muolo A handful of other large national wholesalers offer LPMI, including United Wholesale Mortgage. Read More
CBO: Private Capital Can Replace the GSEs but Not Much Savings for Uncle Sam December 17, 2014 Brandon Ivey Advocates for GSE reform looking for savings in the federal budget will be disappointed...Read More
FHA MMIF Will Get $300MM From SunTrust Settlement December 17, 2014 George Brooks When settlements are first reported rarely does the money change hands right away.Read More
Plunging Oil Could Fuel a Mortgage Hiring Boom for Refis, But… December 17, 2014 Paul Muolo Plunging oil prices have led to a sell-off in stocks and a flight to quality, namely U.S. Treasuries and agency-backed MBS. Read More
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