A 4Q Loss for Ocwen, Company Seeks ‘Opportunities’ February 28, 2023 Paul Muolo Ocwen's origination segment recorded a pre-tax loss of $11 million in the fourth quarter...Read More
HUD Seeks Feedback on Loan Rehab Program February 28, 2023 Monica Hogan The standard 203(k) mortgage covers projects with a minimum repair cost of $5,000...Read More
Short Takes: The Channel Market Leaders / An Overwhelming Share for UWM / The Buggy Whip Business Analogy / Turning the Corner / A $2B GNMA Package February 24, 2023 Paul Muolo Phoenix Capital is out with another auction notice on mortgage servicing rights...Read More
Among the Three Channels, Retail Suffered the Most in 4Q22 February 23, 2023 John Bancroft Retail typically thrives in heavy refinance markets but that's not where we were in 4Q...Read More
FHFA Proposes Changes to GSE Capital Rule February 23, 2023 Dennis Hollier The new rule should please critics of the fee for commingled securities.Read More
Cerberus Affiliate Aggregates Seconds From Rocket, Spring EQ February 23, 2023 Brandon Ivey Up until now, FirstKey’s securitization activity has been focused on seasoned collateral.Read More
Worried About Nonbank Corporate Debt? Don't Be February 23, 2023 Brandon Ivey The combined group issued $3.75 billion of unsecured debt in 2020 and an additional $3.90 billion in 2021.Read More
The Job Cuts Keep Coming: Wells Reveals Additional Layoffs in Mortgages February 22, 2023 Paul Muolo How many workers were let go is unclear...Read More
PIMCO Unit Securitizing Somewhat Seasoned Non-QMs Originated by Acra February 21, 2023 Brandon Ivey Non-QMs in the MBS have an average coupon of only 5.00%.Read More
Short Takes: FHA MIP Cut to be Announced Wednesday / How M&A Can Pay Off (American Pacific) / The Farner Revelation / Timing / So Long, Subservicer / Deephaven’s New COO Hails From GR February 21, 2023 Paul Muolo The Piper report notes, “A change at the CEO level prior to a pending earnings announcement presents some consternation"...Read More
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