The Final MSR Transfer Count for 2015: $254 Billion; BofA a Major Seller of Ginnie Rights January 27, 2016 John Bancroft Not only has BofA reduced its presence in the FHA market, but it keeps dumping its Ginnie Mae servicing rights...Read More
Short Takes: Quicken Taps Microsoft Executive for Strategy Post / Mortgage Technology Innovators? / NY and NJ a Problem for Freddie Mac / Stonegate Mortgage Hires SW Regional Manager January 25, 2016 Paul Muolo Besides Quicken, loanDepot has been mentioned as an innovator when it comes to new using new technologies...Read More
Based on ‘Transfers,’ $254 Billion of Agency and Ginnie MSRs Changed Hands in 2015 January 22, 2016 John Bancroft The Ginnie Mae market was the most active of the three, with an estimated $112.6 billion in MSR sales through the first 11 months of 2015.Read More
What We’re Hearing: Lower Expectations for MSR Sales / A Pivotal Quarter for Ocwen, Nationstar, Walter? / More Call Centers, Less Branches? / Can Loan Officers Be Replaced by Computers? / About that New Refi Boom… January 22, 2016 Paul Muolo There is also a school of thought that going forward, loan officers won’t be needed as much because of new origination technologies...Read More
Clobbered in 2015, Have Mortgage Stocks Finally Reached a ‘Bottom’? January 19, 2016 Paul Muolo For investors in mortgage stocks, the question becomes: Well, how much will these beaten-down eight come back?Read More
What We’re Hearing: A Big Year for Mortgage M&A? Don’t Bet On It / Jamie Dimon’s Thrift / Borrowing Short and Lending Long / When’s the Last Time a Megabank Bought a Mortgage Company? / $1.7 Trillion in Originations? January 15, 2016 Paul Muolo When’s the last time a regional or megabank bought a nonbank mortgage company? Wells Fargo? JPMorgan? BofA? Citigroup? Nope, none of them, that we can recall...Read More
MountainView, IMA Out With New MSR Deals January 13, 2016 Paul Muolo The $3.02 billion of Ginnie Mae rights that IMA is selling are presently being subserviced by LoanCare Servicing, Virginia Beach, VA.Read More
Short Takes: We Don’t Need No Stinkin’ FICO Scores / Will TRID Hurt Earnings? / TRID was a ‘Blip’ on the Radar at RPM / More NPL Sales by Fannie / Stonegate Exec Departs for Ditech January 13, 2016 Paul Muolo Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."Read More
Short Takes: FHFA to Industry: Thanks for Your 400 Comments, but No / Mortgage REITs are Not Happy / IMA Selling $3B in Ginnie MSRs / Schneider’s Salary Revealed / Executive Leaves Altisource for Altavera January 12, 2016 Paul Muolo In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition… Read More
RoundPoint President Dave Worrall Departs; Servicer Still Open to Offers? January 12, 2016 Paul Muolo At one point, PIMCO had been eyeing RoundPoint, sources told IMFnews...Read More
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