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More Executive Departures at Nationstar?

June 9, 2015
Paul Muolo
One official described the situation: “Just more house cleaning now that Harold [Lewis] is gone. Most of the senior people leaving were his supporters.”
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Short Takes: RoundPoint Sale Update / MSR Prices Firm Up / More on that Departing Nationstar Executive / Morningstar Joins the Jumbo Party / A New CEO for Auction.com

June 9, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
One of the departing executives at Nationstar Mortgage used to work at JPMorgan Chase, Fannie Mae and Macquarie Bank…
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Short Takes: Home-Equity Layoffs at BofA / BofA, Number Two in Seconds / Ditech Continues to Hire / Another GSE PSPA Lawsuit / HUD Goes to USC

June 8, 2015
Paul Muolo and Carisa Chappell
According to exclusive figures compiled by Inside Mortgage Finance, BofA is the second largest player in second liens at $139.1 billion in holdings.
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What We’re Hearing: PHH Wondering ‘Who Moved My Mortgage Cheese’? / PLS Implications: What Does Merrill Lynch Think? / IMA Offers $2 Billion of MSRs / Piercy on MSRs: Buy Now / Ginnie About to Catch up with Fannie? What?

June 5, 2015
Paul Muolo
The CFPB case likely won’t make Merrill Lynch feel good about PHH, but we could be wrong. The two go way back…
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Fast Growing Nonbank RPM Will Pay $19 Million to Settle Steering Allegations

June 4, 2015
Paul Muolo
Over the past year, RPM has been in the hunt to buy other mortgage companies, investment banking sources told IMFnews.
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Short Takes: FHFA Official Spills the Beans on LPMI, More / But Comments Made Behind Closed Doors / Mortgage Applications Down Modestly / Loans With MI Have Good Closing Record / A New Hire for Clayton

June 3, 2015
Paul Muolo
Not only is the FHFA scrutinizing lender-paid mortgage insurance products, but the agency might require higher capital standards...
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Short Takes: CFPB Fines of $1 Million a Day? / A Boon for Second-Lien Investors? / Billions of Dollars in HELOCs? / HARP Goes to Arizona / A New Hire for Hamilton

June 2, 2015
Paul Muolo and Brandon Ivey
According to one trader, secured nonperforming seconds sell in the secondary market for one penny on the dollar to 20 cents on the dollar…
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Short Takes: Two Harbors Readies a Jumbo MBS / Available: A Large Pool of Subprime Loans? / LenderLive Buys Walz / A Done Deal: The Merger of Two FHLBs / A New Hire for ZAIS

June 1, 2015
Paul Muolo and Brandon Ivey
We understand that a large pool of nonprime mortgage loans is looking for a home...
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What We’re Hearing: How Large Might Those TRID Fines Be? / A Jumbo Lender on Fire: loanDepot / Some LOs are Making $5 Million a Year? / And Now a Few (Mortgage) Words from George W. Bush / Ocwen, the ‘Trade’ of the Century? Huh?

May 29, 2015
Paul Muolo
“These are serious loan officers,” he noted. Just how serious? According to the show’s website, some of the top producing LOs in attendance earn between $500,000 and $5 million…
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As Ocwen Shuts Houston Platform, Hiring in India (Overseas) Booms

May 28, 2015
Paul Muolo
In total, almost 72 percent of all Ocwen employees are domiciled overseas where labor costs are much cheaper.
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