Short Takes: Senators Want CFPB Official Fired / A Plea to Stop the Agency’s Reorg / Sen. Warren Drops Hint on White House Run / Watt’s Tenure? / A New Director at Altisource October 1, 2018 Paul Muolo Sen. Warren has been dropping hints that she may run for president in 2020...Read More
FHA Not Sure it Will Extend the New ‘Second Appraisal’ Policy on HECMs October 1, 2018 George Brooks Appraisal bias remains a primary concern…Read More
Redwood Readies Eighth Prime Non-Agency MBS Deal of the Year, UWM Top Contributor Yet Again September 28, 2018 Brandon Ivey The nonbank wholesaler, a unit of United Shore Financial Services, has been the top contributor to six of Redwood’s prime non-agency MBS of 2018.Read More
Mortgage Industry (Mostly) Ready for TRID 2.0 Compliance, but… September 28, 2018 Yemeng Yang “I think everyone is on board,” said Colgate Selden, a former CFPB attorney and now managing director and head of regulation and compliance at Promontory MortgagePath.Read More
A Sign of Demand: Record Attendance at ABS East Conference as Investors Thirst for Yield September 28, 2018 Brandon Ivey A number of investors noted that it’s difficult to find structured-finance products with attractive yields. Read More
What We’re Hearing: Being Heard / Another Barn-Burner of a Quarter for Fannie and Freddie? / Complicating President Trump’s Pick for a New FHFA Chief / Defending GSE Pilot Programs / Meeting PMIERs 2.0 / Ocwen Ready to Crank Up the MSR Buying Machine? / S September 28, 2018 Paul Muolo If Ocwen reenters the servicing market as a buyer it will be doing so at a time when MSR prices are the highest they’ve been all decade...Read More
Highbridge Capital Buys Stake in Troubled Ditech Financial September 28, 2018 Paul Muolo Ditech’s most coveted asset is its $181.4 billion mortgage servicing portfolio...Read More
A Milestone: Nonbanks Pass Banks in MSR for the First Time September 27, 2018 John Bancroft The bank retreat from agency MBS servicing is mostly taking place at the top…Read More
Non-QM Lenders See a 10 Percent Market Share as a Reasonable Goal September 27, 2018 Brandon Ivey Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year. Read More
Phoenix Capital Offering MSR Portfolio with High Delinquencies September 27, 2018 Paul Muolo But there’s a catch: the portfolio has a delinquency rate of 11.5 percent and foreclosures of 1.5 percent.Read More
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