Purchase Loans Dominate in 2018, Refi Share Rises in 4Q18 February 28, 2019 John Bancroft The purchase-mortgage share reached 70.6%, the highest reading since 1990...Read More
Ellie Mae Proxy Reveals Kill Fees and a Big Golden Parachute for CEO February 28, 2019 Paul Muolo Ellie Mae executives entitled to “golden parachute” payments include Jonathan Corr, Dan Madden, Cathleen Schreiner Gates and others…Read More
ATTOM: Fewer Home Flips but More Borrowed Money February 28, 2019 Yemeng Yang Translation: fewer loan units but a higher dollar volume.Read More
Borrowers Averse to Refis, Even When They’re Free February 28, 2019 Dennis Hollier The study looked at why borrowers would turn their noses up at free money…Read More
Short Takes: A Mega Servicing Deal Approaching? / ‘Goldilocks’ Pricing / The Ditech Portfolio? / Fannie & Freddie Common Take a Rest / FHFA’s Final UMBS Rule / Bell Bank Opens AZ Branch, Mortgages on the Menu February 28, 2019 Paul Muolo The share price of Fannie Mae and Freddie Mac common has been on a mild downward slope since Feb. 22. Meaning?Read More
SFIG Speakers Expect Administrative Reform of the GSEs. Capital Build? Yes February 27, 2019 Brandon Ivey Michael Stegman: “Clearly, there is going to be some kind of capitalization of the GSEs..."Read More
A Small 4Q18 Loss for Ocwen Amid MSR Buys, a Compensation Reduction for CEO Messina and a New CFO February 27, 2019 Paul Muolo Ocwen is cutting cash retainer payments to its board of directors...Read More
CFPB Fair Lending Activity Is More Supervisory Focused These Days February 27, 2019 Yemeng Yang During the reporting period, the bureau initiated 13 fair lending supervisory actions targeting financial services institutions.Read More
Short Takes: HomeBridge Eyes HomeStreet’s Mortgage Network / As for the Mortgage Servicing Portfolio… / Figuring Out the Calabria Vote / A Rally for Ocwen / A Red Hot MSR Market / A Glum Assessment on Mortgages from Joe Garrett & Co. February 27, 2019 Brandon Ivey and Paul Muolo Ocwen's share price took off like a rocket Wednesday morning...Read More
CFPB Plans Supervisory and Enforcement Budget Cuts February 26, 2019 Yemeng Yang The new CFPB director wants to keep cutting the agency’s budget…Read More
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