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Short Takes: Ginnie 2020 Kicks Off / Fannie and Freddie Head for the Cloud / Well, At Least Mr. Cooper (Nationstar) Should be Happy / Think of the Braves / On the Endangered List: Banks Servicing Ginnies

June 13, 2019
Paul Muolo

Among the top three Ginnie Mae servicers at March 31, just three were banks: Wells Fargo, U.S. Bank and JPMorgan Chase. Among those ranked 11 to 20 four are depositories, including one credit union...


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Ginnie Eyes Non-Traditional Investors. Brother, Can You Spare $1B?

June 13, 2019
Paul Muolo

Firms that might fit the bill include private equity and global investment managers the likes of The Blackstone Group, KKR & Co., and PIMCO, all of which are quite familiar with the mortgage market already.

 


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Slow Growth for Banks and First Liens

June 12, 2019
Brandon Ivey

Banks are beginning to slow their investments in first-lien mortgages...


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In a Light Auction Market, MIAC Offers a $1B Package

June 12, 2019
Paul Muolo

MIAC has established a bid deadline of June 18…

 


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Short Takes: Withering on the Vine in Mortgageland: Commercial Banks / Ocwen: Transfer Complete / Ocwen Changes Brand Name to PHH Mortgage / Alert: HECM Damage in Progress / Angel Oak Sees Big Gains Ahead for Non-QM

June 11, 2019
Paul Muolo

Looks like Ocwen is pushing the button on a name change and it's not Newco...


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Ginnie Mae Exploring ‘Non-Traditional’ MSR Ownership

June 11, 2019
Paul Muolo

Ginnie, it seems, is looking for assurances from “capital providers,” whomever they may be…


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Mortgage Employment Outlook Improves. UWM and AOMS are Hiring

June 10, 2019
Paul Muolo

Help needed far and wide: Loan officers and processors...


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What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie

June 7, 2019
Paul Muolo

A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...


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Mortgage Servicing Reg Relief, Too Little and Too Late?

June 7, 2019
Brandon Ivey

The rule increases the amount of mortgage servicing assets a bank can count toward Tier 1 capital...


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New Deadline Set for Auction of Ditech Servicing Business

June 5, 2019
Paul Muolo

Ditech’s M&A advisor is the investment banking firm of Houlihan Lokey...


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