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Wells Fargo Contemplates Servicing Sales

February 11, 2013
Paul Muolo
Wells Fargo is contemplating selling some of its massive $1.906 trillion residential servicing portfolio while maintain a subservicing relationship with the end consumer.
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Hedge Fund Giant Cerberus Files IPO to Invest in MSRs, MBS, More

February 11, 2013
Paul Muolo
Hedge fund giant Cerberus is forming a mortgage investing REIT that will target not just MBS but servicing rights and related assets.
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Short Takes: BlackRock Hikes Stake in Redwood / Nationstar Has No Shortage of Bankers / Fed Governor Worries About MBS-Investing REITs / Dems Want Action on DeMarco’s Successor / Radian Loses Money But…

February 11, 2013
Paul Muolo and Charles Wisniowski
Is BlackRock up to something regarding its investment in Redwood Trust?
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Schneider Out At Vericrest / Servicing Deconsolidation, You Can’t Stop It / Green Tree Gets a Huge Warehouse Line

February 8, 2013
Paul Muolo
David Schneider, CEO of Vericrest Financial, a fast growing servicer that is rumored to be a bidder on Ally Financial’s $122 billion of mortgage servicing rights, has left the company, sources familiar with the situation told Inside Mortgage Finance. Schneider could not be reached for comment at deadline. A spokeswoman for the company would not comment on the situation but would not deny his departure either. Schneider has been building bridges in the servicing community…
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Feds Want Industry Input on Social Media Risk, Compliance, More

February 7, 2013
Thomas Ressler
The Federal Financial institutions Examination Council is taking a close look at social media and the risks it poses to financial institutions, including mortgage lenders.
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FHFA Keeping a Careful Eye on Bulk MSR Deals, Capacity a Concern

February 7, 2013
Paul Muolo
The Federal Housing Finance Agency is concerned about large scale transfers of mortgage servicing rights.
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Mass. AG Launches Separate S&P Probe, Other States Pile on DOJ’s Suit

February 7, 2013
Charles Wisniowski
Massachusetts will not join other states in the Justice Department’s lawsuit against Standard & Poor’s, but instead will conduct its own fraud probe tied to CDO ratings.
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GSEs Take Bigger Share of Purchase Mortgages

February 7, 2013
Brandon Ivey
Fannie Mae and Freddie Mac's share of purchase-mortgage originations has increased each of the last two years, according to a new analysis by Inside Mortgage Trends.
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Short Takes: Nationstar Targets the Magic $500 Billion Mark in MSRs / Annaly Sells MBS and Makes a Killing / PHH Sees GOS Slip / Second Lien NPLs Red Hot?

February 7, 2013
Paul Muolo
Nationstar sets a target goal of amassing $500 billion of mortgage servicing rights.
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Two Harbors Working Toward Non-Agency MBS Deal

February 7, 2013
Brandon Ivey
Mortgage REIT Two Harbors continues to work away at a potential jumbo MBS deal.
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Latest Imf News

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Featured Data

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Featured Reports

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