Walter’s Reverse Unit Gets $100 Million Warehouse Line From RBS March 7, 2013 Paul Muolo Reverse Mortgage Solutions has tapped RBS for a large warehouse line of credit that matures next year.Read More
Nationstar Posts Strong Earnings, Unveils GNMA Servicing Deal March 7, 2013 Paul Muolo Nationstar Mortgage earned $63.8 million in the fourth quarter as it continued to snatch up MSR packages.Read More
Short Takes: Fannie Selling $250 Million of NPLs? / Vericrest Names New CEO / Consumers Get a ‘Free Lunch’ of Lower Rates / LLPAs Not Going Away Soon March 7, 2013 George Brooks, Paul Muolo, Thomas Ressler, and Charles Wisniowski Fannie Mae is about to offer $250 million of nonperforming mortgages for sale in the secondary market.Read More
Newcastle, Fortress Affiliate Agree to Purchase $4.2B of Loans from HSBC March 6, 2013 Brandon Ivey New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.Read More
California Remains the ‘Golden State’ for GSE MBS March 6, 2013 Charles Wisniowski Loans funded in California continue to dominate Fannie Mae and Freddie Mac purchases and MBS, according to a new analysis from Inside The GSEs.Read More
Former Goldman Sachs Managing Director Launches Subprime Company March 6, 2013 Paul Muolo A former loan trader at Goldman Sachs has launched a new subprime mortgage company offering LTVs as high as 75 percent.Read More
AIG Launches New Unit to Buy Whole Loans, Taps Street Vet For Top Job March 6, 2013 Paul Muolo AIG is now buying whole loans on a correspondent basis and will portfolio the product, at least for the time being.Read More
Short Takes: A 70-BP G-Fee May Lead to Private Conventional MBS / Impac’s Comeback Continues / Will Cordray Make the Cut This Time? / Ocwen Loses Chief Accounting Officer / MGIC, a Hot Stock March 6, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.Read More
Early Signs of Rebound For Piggyback Financing March 5, 2013 Paul Muolo It appears that 80-10-10 loan structures are making a comeback in the market, helping homeowners avoid paying private mortgage insurance.Read More
DeMarco Promises to Update the GSE’s Master Plan for Mortgage Insurance, Force-Placed Policies March 5, 2013 Charles Wisniowski FHFA director Ed DeMarco is promising that changes are coming to how the GSEs use mortgage insurance and force-placed insurance.Read More
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