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What We’re Hearing: Ocwen’s CFPB Problem Isn’t Going Away / Overseas Regulatory Exposure / Jeb Hensarling’s GSE Bill / Does the AEI have the Ear of the White House? / HUD Secretary Shocked to Find Gambling in his Establishment / Brian Montgomery, the Pati

March 2, 2018
Paul Muolo
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
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Ocwen Reveals the Bloom May be Off the Rose at its India-based Operations

March 1, 2018
Paul Muolo
Ocwen disclosed this warning: “Non-compliance with the laws and regulations of India or the Philippines could result in restrictions on our operations in these countries, fines, penalties or sanctions or reputational damage.”
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Short Takes: Down, Down, Down for Fannie, Freddie Common / An OTC Stock / Ocwen CEO Has No Contract / Deloitte Will Pay DOJ $150 Million in TBW Fraud Case / A New Hire for Sierra Pacific Mortgage

March 1, 2018
Paul Muolo
At last check, Fannie common was selling for $1.62 a share, Freddie $1.57.
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Short Takes: FHA Official Rules Out MIP Cut / Essent Marketing First Risk-Sharing Deal / The HUD Secretary’s $31,000 Dining Room Table / PHH Calls it a Day on PLS Business / Finance of America Hires Radian Executive

February 28, 2018
Brandon Ivey and Paul Muolo
PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.
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Short Takes: AEI’s Wish-List: No More Cash-Out Refis for Fannie and Freddie / Number 29 for Ocwen / Altisource Worries about its Reliance on Ocwen / The Digital Revolution / Mortgage Network Unveils Jumbo Renovation Loan

February 27, 2018
Paul Muolo
Is the White House listening to the AEI on GSE reform?
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Deutsche Bank Securities, Former Head Trader Faulted by SEC for Misleading Commercial MBS Investors About Prices

February 23, 2018
The Securities and Exchange Commission completed an enforcement action last week against Deutsche Bank Securities and a former head trader at the firm regarding sales of commercial MBS between 2011 and 2015.
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What We’re Hearing: An ‘Administrative’ Solution for the GSEs More Likely? / Pac-Men? / Craig Phillips, a Candidate for the FHFA Job? / Nonbank for Sale? / And the Gold Medal for Financial Engineering Goes to Altisource Portfolio Solutions / What Just Hap

February 23, 2018
Paul Muolo
Others might contend that ASPS CEO William Shepro really earned his $2.5 million compensation package this time around…
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Citi Plans to Integrate its Mortgage Division into Retail Banking

February 22, 2018
Paul Muolo
Over the past year, Citi’s MSR portfolio has shrunk by a stunning 42.1 percent…
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Short Takes: Another Big MSR Deal Afoot? / Park Avenue for JPM, Lisa Douglas Would be Happy / A Loss for Invitation Homes / Too Much Family Time at HUD? / CFPB Readies Even More RFIs

February 22, 2018
Paul Muolo and Yemeng Yang
Invitation Homes, the nation’s largest single-family rental operator, lost $46.0 million in the fourth quarter...
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Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million?

February 21, 2018
Carisa Chappell, Brandon Ivey, and Paul Muolo
It appears that Pershing Square is now under water on its GSE investments...
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