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
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
Calabria Nomination to Head FHFA Clears Senate Banking Committee February 26, 2019 Paul Muolo It was a party-line vote. Not one Democrat voted for the nominee...Read More
Mortgage Banking Income Hits Post-Crisis Low in 4Q18 February 26, 2019 John Bancroft Despite the dismal fourth-quarter performance, bank income from mortgage banking was actually up 13.5% from 2017...Read More
Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit February 26, 2019 Brandon Ivey and Paul Muolo Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?Read More
Buybacks of Fannie/Freddie Loans Fell to a Record Low Last Year February 25, 2019 John Bancroft Total lender buybacks fell 14.4% last year…Read More
Former FHA Chief Galante Quits Ocwen’s Board, Ex-GE Exec Britell Joins February 25, 2019 Paul Muolo Ocwen is scheduled to report fourth quarter results on Wednesday…Read More
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