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Short Takes: Gone But Not Forgotten: MetLife’s Mortgage Unit / BB&T Facing Heat from DOJ and HUD OIG / Walter Optimistic, but Investors Aren’t / The ‘Father’ of the CFPB: President Jimmy Carter

February 26, 2015
Paul Muolo, Thomas Ressler, and George Brooks
Although Walter Investment Management lost a ton of dough in 2014, it sees brighter days ahead...
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Over Two Years, JPM Has Slashed Mortgage Staff by 41 Percent

February 25, 2015
Brandon Ivey
Kevin Watters said Chase has reduced its mortgage staffing levels due to declines in originations and improvements in mortgage performance.
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Short Takes: Next Up, Walter Investment / Why No ‘Big’ Mortgage M&A? / Lay Offs At… / Sterne Agee Slated for Sale / The CFPB, an ‘X-Factor’?

February 24, 2015
Paul Muolo and Thomas Ressler
We understand from one very good source that a top 30-ranked lender has been quietly trimming staff of late….
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Altisource Asset Management Corp. Hires Bank of America’s ‘Clean Up’ Man as CEO

February 20, 2015
Paul Muolo
AAMC said that while at BofA, Ellison was “the executive leading the team that managed the valuation and disposition of Bank of America’s legacy mortgage loan portfolio.”
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What We’re Hearing: A GSE ‘Flying Naked’? / When Hedging Losses Turn Into Gains / 2018 is Year Zero / The C&I Conundrum / IBM’s Seterus Up to Something? / Former First Mariner Mortgage Chief Wins ‘Non-Compete’ Case

February 20, 2015
Paul Muolo
In 2018, the GSE capital buffer falls to zero dollars. Zilch. Nada. Hopefully by then, President Bush or President Clinton will have worked out a GSE reform deal with Congress…
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Short Takes: Stearns Hires Executive Away From Wells Fargo / LOs in the Dumps Over Their Careers? / $1.35 Trillion in Originations This Year? / FHFA Official Bolts for Collingwood

February 19, 2015
Paul Muolo
Manna from heaven? Roughly 87 percent of LOs expect residential production to exceed 2014’s volume…
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Short Takes: Would You Buy Ocwen Now? / MIAC Offering MSRs / Sindeo Secures Investment / Fannie Rolling Out New Version of DU / Clayton Hires Former Subprime Executive

February 18, 2015
Paul Muolo and Brandon Ivey
Ocwen’s massive servicing portfolio (roughly $377 billion in UPB) is worth more than the entire market capitalization rate of the company...
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Freedom Mortgage Close to Meeting Hiring Goal; May Hire Even More

February 17, 2015
Paul Muolo
Among originators, Freedom Mortgage ranks 10th. In 2014 it funded $23.63 billion, a 48 percent gain from the year prior.
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Short Takes: Mortgage Lawyers Raking in the (Compliance) Dough / What’s With all the 13-Gs? / Ocwen’s Stock on a Tear. What? / Obama Gives a Shout-Out to Nationstar / A New Hire for Auction.com

February 17, 2015
Paul Muolo and Brandon Ivey
Ocwen’s share price has almost doubled! How’s that? Well...
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M&T Faces Lending Discrimination Charges in New York

February 13, 2015
George Brooks
The Fair Housing Justice Center accused M&T Bank of violating the Fair Housing Act by offering higher loan amounts to white borrowers and allowing more flexible criteria...
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