Plan to Hike Capital for Nonbank Servicers Met with Disdain February 11, 2020 Dennis Hollier Some industry trade groups have an uneasy feeling about the proposal... Read More
Carrington, Credit Suisse, Starwood Prep Expanded-Credit MBS February 11, 2020 Brandon Ivey The largest of the three pending MBS is a $381.3 million deal from Starwood Property Trust.Read More
Trump Proposes a Hike in Fannie/Freddie Guarantee Fees February 11, 2020 Paul Muolo A 10 basis point hike in g-fees will not go over very well with the industry... Read More
New Residential Stays MSR Hungry February 10, 2020 Paul Muolo Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. Read More
Ginnie in New Round of Risks Talks with Nonbanks February 10, 2020 George Brooks Originally, there were 14 nonbank issuers that Ginnie was talking to but one was acquired by a competitor. Read More
FHFA Moves to Shore Up Servicer Liquidity. Is the Industry Prepared? February 7, 2020 The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.Read More
A Mortgage Slowdown Afoot? Hardly. Agency MBS Issuance Stays Strong February 7, 2020 John Bancroft Fun fact: January’s new issuance was more than double the total produced in the first month of 2019. Read More
Ocwen Says Its Money-Losing Days May be Over, Hikes Origination Forecast to $15B February 7, 2020 Paul Muolo Ocwen is predicting that better days are ahead for the company, including (possibly) $15 billion in originations this year...Read More
Originations Drive Increase in Profit at PennyMac Financial February 7, 2020 Brandon Ivey Although originations and net income increased at PennyMac Financial, the company took a loss on servicing activities during the fourth quarter due to hedges.Read More
Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor February 6, 2020 Paul Muolo and Yemeng Yang Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer... Read More