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$114 Billion of MSRs on the Auction Block

December 11, 2013
Paul Muolo
A ton of new servicing deals have hit the market. But will regulatory scrutiny throw a monkey wrench into the transactions?
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Short Takes: A $20 Billion Investment in Subprime? / Nationstar May Go REIT / TD Bank Likes ‘Piggyback’ Mortgage Structures / ARMs Make a Comeback / Wipro Paid How Much for Opus?

December 11, 2013
Paul Muolo
Investors hunger for yield. And what better place to get it than in the new breed of subprime mortgages.
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Nonbanks Better Than Banks at Controlling Mortgage Servicing Costs

December 10, 2013
Brandon Ivey
Fitch says nonbank servicers resolve delinquencies at a significantly faster pace than banks, partly due to the loss-mitigation requirements for the five big banks included in the $25 billion national servicing settlement.
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Treasury Criticizes CitiMortgage on HAMP Servicing

December 10, 2013
Brandon Ivey
Treasury could withhold HAMP incentive payments to CitiMortgage, but noted that after considering all relevant factors, it has chosen not to at this time.
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FHFA Report Confirms Slow Progress on G-Fee Disparity

December 10, 2013
Paul Muolo
A new report from FHFA confirms what small mortgage firms have long known: they can't catch much of break when it comes to Fannie Mae and Freddie Mac guaranty fees.
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FHFA Likes Senior/Subordinate Structures for GSE Risk-Sharing Deals

December 10, 2013
Charles Wisniowski
Pricing on GSE risk-sharing deals have been attractive, suggesting that each may be scalable to a significant degree.
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Will Watt Reverse DeMarco’s New 10 BP G-Fee Hike? LLPAs in Play?

December 10, 2013
Paul Muolo and Charles Wisniowski
Guaranty fees are going up next year, but with a new FHFA director set to take over, loan level price adjustments may be altered.
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Short Takes: Large Bank Selling $40B of MSRs / Former FBR Chief Eyeing Servicing Rights / Don’t Tread on our G-Fees / National MI Offers Rescission Relief / Ocwen Clarifies Position on Nonprime Production and QM

December 10, 2013
Paul Muolo, Brandon Ivey, and Charles Wisniowski
Although there are only a few weeks left in 2013, a few large mortgage servicing deals may get done yet.
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ACLU Demands Records from FHFA Concerning Eminent Domain

December 9, 2013
Charles Wisniowski
The liberal-leaning ACLU thinks troubled mortgagors are getting the shaft from the Federal Housing Finance Agency.
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Short Takes: Happy Holidays From Ocwen: You’re Fired / But Churchill Mortgage is Hiring / Radian Writes $3 Billion in New Business / PNC Settles with Freddie Mac / MSRs Save the Day at Independents

December 9, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
While Ocwen Financial is laying off staffers, other firms are hiring, including Churchill Mortgage of Brentwood, TN.
Read More
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