HSBC, Wells Fargo Test the NPL Market With Huge Auctions May 21, 2013 Paul Muolo Wells Fargo and HSBC are stepping up sales of nonperforming mortgages, while keeping a lid on the details. Read More
Ocwen Dominates the Subprime Servicing Market with a 33.7% Market Share May 20, 2013 Brandon Ivey Ocwen had $155 billion of subprime servicing contracts at the end of the first quarter, more than double its next closest competitor.Read More
MountainView Hits Market with Two More MSR Deals May 20, 2013 Paul Muolo The bulk servicing market continues to heat up. MountainView is out with two new deals.Read More
Short Takes: MBA Offers G-Fee Deal, but Will FHFA Take It? / Wells and Citi Slowing Foreclosure Sales (Sort of) / Sen. Crapo Wants Answers from CFPB on Data Collection / Bayview Gets Hungry for NPLs, MSRs… May 20, 2013 Paul Muolo and Thomas Ressler The Mortgage Bankers Association wants lower guaranty fees from Fannie Mae and Freddie Mac but is willing to barter for them. Read More
What We’re Hearing: The Great GSE Preferred Stock Crapshoot / CBO Gives a Nod to Fannie and Freddie / The Buyback War is Not Over, Not By a Long Shot / Are Call Center Lenders In Play? / The QRM Rule May Get a Makeover / Goodman Going Part-Time at A May 17, 2013 Hedge funds are paying as much as 20 cents on the dollar for preferred stock in Fannie Mae and Freddie Mac. Meanwhile, the GSE buyback war is not over yet.Read More
Hedge Funds Gobbling up Fannie/Freddie Common and Preferred May 16, 2013 Paul Muolo Are investors making a big mistake by speculating in Fannie Mae/Freddie Mac common and preferred?Read More
GSE Mortgage Portfolios Continued to Shrink in First Quarter May 14, 2013 John Bancroft Fannie Mae and Freddie Mac are continuing to shrink their retained portfolios as mandated by their regulator.Read More
IMA Closes Two Large Bulk MSR Sales May 13, 2013 Paul Muolo Investors have stepped up to the plate, buying new large bulk MSRs put out for auction by Interactive Mortgage Advisors. Read More
Short Takes: More Investment Funds Salivating Over MSRs / Now BofA is Dumping Commercial MSRs / HLSS Continues to Take Advantage of Cheap Money / More Trouble for Chimera / Ten-Year Treasury Nears a Yearly High May 13, 2013 Paul Muolo Investment funds are continuing to salivate over mortgage servicing rights. Read More
Walter Sees Continued Growth in MSR Purchases May 9, 2013 Brandon Ivey Walter Investment, which posted strong earnings for 1Q13, is in exclusive talks to buy $10 billion of mortgage servicing rights.Read More
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