Investor Sues to Stop Nationstar Auctions of Nonperforming Mortgages March 8, 2013 John Bancroft If a plaintiff gets its way, Nationstar will be blocked from auctioning off delinquent loans from MBS pools.Read More
Nationstar Wins TBW Bid? / Agency MBS Takes a Breather in February / Mortgage Brokers Rock / Ed DeMarco, the Most Powerful Man in Mortgage Finance Today? / Broker Sheds Tears Over New Subprime Firm March 8, 2013 Nationstar appears to be the winning bidder on the Taylor Bean & Whitaker MSR pacakge. Meanwhile: Ed DeMarco, the most powerful man in mortgage finance today? Read More
Three M&A Deals in the Works at Mortgage Banking Solutions March 7, 2013 Paul Muolo Merger and acquisition activity is perking up in the mortgage market with a deal set for unveiling possibly by Friday afternoon or early next week.Read More
Nationstar Posts Strong Earnings, Unveils GNMA Servicing Deal March 7, 2013 Paul Muolo Nationstar Mortgage earned $63.8 million in the fourth quarter as it continued to snatch up MSR packages.Read More
Newcastle, Fortress Affiliate Agree to Purchase $4.2B of Loans from HSBC March 6, 2013 Brandon Ivey New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.Read More
Short Takes: A 70-BP G-Fee May Lead to Private Conventional MBS / Impacs Comeback Continues / Will Cordray Make the Cut This Time? / Ocwen Loses Chief Accounting Officer / MGIC, a Hot Stock March 6, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.Read More
Short Takes: Does IBM Have the FHFA MBS Platform Contract? / New Penn Expands its Jumbo Products / Another Subprime Capital Raise? / Stonegate Hires Former Homeward Executive March 5, 2013 Paul Muolo Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.Read More
Short Takes: Fear Surrounding FHA Compare Ratios / Popular Bank To Unload $1 Billion-Plus of Delinquent Loans / CFPB About to Get Trimmed / Delinquencies Continue to Fall at Fannie / Okay, Whos Servicing Sen. Warrens Mortgage? March 4, 2013 Paul Muolo and Thomas Ressler Some lenders are concerned about the coming 'FHA Scorecard' and the ability of certain large funders to make their numbers look good.Read More
FHFAs DeMarco Promises Movement on Common MBS Platform in 2013, $30 Billion in Risk Sharing, and NPL Sales March 4, 2013 Paul Muolo It appears the GSE "common" securitization platform will happen this year.Read More
Industry Fears FHFAs Fee for Service Proposal Could Resurface February 28, 2013 Paul Muolo The Federal Housing Finance Agency hasn't totally given up on the issue of "fee for service." Read More