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Mortgage Vendor Altisource Yanks the Cord on RE Advisory Unit

October 10, 2019
Paul Muolo

Altisource’s share price is trading near a 52-week low. The vendor’s largest client is Ocwen Financial, a mega nonbank that’s struggled with profitability…

 


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Complaints Regarding Credit Reports Tip the Scales in New CFPB Tally

October 8, 2019
Yemeng Yang

However, it was a different picture in terms of complaints regarding credit reports…


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Short Takes: The GSE Recap Train Leaves the Station. Next Stop? / Strategies for the Future? / Compliance Required / Bracing for Large MSR ‘Marks’ / Waiting on a Recession

October 4, 2019
Paul Muolo

Shouldn’t the managements of Fannie and Freddie start preparing for the day when they’re “free” from the shackles of regulatory bondage? Shouldn’t CEOs Hugh Frater (Fannie) and David Brickman (Freddie) be holding high level meetings with their lieutenants regarding strategies for the future?


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Fannie and Freddie Will Need Investors. Is Warren Buffett Waiting in the Wings?

October 4, 2019
Paul Muolo

Of course, mortgage historians know that Berkshire took a bite at the GSE apple a few decades back. In 2000, Berkshire was one of the largest shareholders in Freddie...


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Quicken Affiliate to Issue its First Non-Agency MBS

October 3, 2019
Brandon Ivey

In recent years, mortgages funded by Quicken have been included in prime non-agency MBS issued by others, but this is the first deal backed solely by loans originated by Quicken and serviced by the firm.


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Ditech Completes Sale of ‘Forward’ Assets to New Rez, Including $62B of MSRs

October 2, 2019
Paul Muolo

New Residential will assume some of Ditech’s office space and roughly 1,100 workers will be offered employment at the REIT.


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Short Takes: Hurricane Warren? / The Heart and the Soul of the CFPB / Big Bank Breakup? / Don’t Plan Calabria’s Going Away Party Quite Yet / New Hires for Greystone

October 1, 2019
Paul Muolo

Fannie Mae and Freddie Mac a political issue in the 2020 election? Not by a long shot...


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3Q19 Not So Good for Bulk MSR Sales

October 1, 2019
Paul Muolo

Over the past 60 days, some “big name sellers” having been testing the waters of the MSR market, said one advisor…


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Ditech Completes Sale of Reverse Mortgage Solutions to MAM LLC

October 1, 2019
Paul Muolo

Ditech, in the coming days, expects to close on its previously announced asset sale to New Residential Investment Corp. The REIT is scheduled to purchase most of the nonbank’s servicing portfolio and what’s left of its origination platform.


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Short Takes: Blunt Advice on LOs: Move Up or Move Out / Saved by Rates Again? / Prestwick Offers Bulk MSR Package / A Decade at Long & Foster / FHFA Settles with Watt’s Accuser

September 30, 2019
Paul Muolo and Dennis Hollier

Although origination volumes appear to be strong these days, some mortgage executives are already worrying about what might happen next year...


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