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Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor

February 6, 2020
Paul Muolo and Yemeng Yang

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...


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Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

February 5, 2020
Paul Muolo and Brandon Ivey

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…


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New FICO Model a Big Ho-Hum?

January 30, 2020
Dennis Hollier

The new model could prove more attractive to portfolio and jumbo lenders who sell their loans into non-agency MBS…


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Short Takes: Framing the GSE Debate / 55 in 12 / Craig Phillips’ New Job / Flagstar’s Broker Partners / Mortgage Tech Vendor Gets New COO

January 28, 2020
Paul Muolo

To date, Odeon has published 55 comments on the GSEs in the past 12 months…


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Radian Sells Due Diligence Unit Clayton – At a Loss

January 22, 2020
Paul Muolo

Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.


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HUD Criticized for Handling of Personal Records

January 17, 2020
Brandon Ivey

The HUD IG said it will provide a broader accounting of the issue when it publishes a formal report.


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Short Takes: FHFA Restructures CSS Board / Meaning? / JPM Readies Non-Agency MBS / New Applications Spike

January 15, 2020
Paul Muolo and Brandon Ivey

The FHFA has enormous sway over the CSS because of its role as regulator and conservator of Fannie and Freddie. However, once (if) the two are recapped and released, that won’t necessarily be the case…


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Short Takes: Fintechs Gain in Mortgages / Defining ‘Fintech’ / Weaker Applications / Dealing with New York Zombies / Plaza Hires loanDepot Exec

January 8, 2020
Paul Muolo and Yemeng Yang

Okay, but what’s a fintech?


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NYDFS Warns Financial Services Firms Against Cyber Attacks From Iran

January 6, 2020
Paul Muolo

“The NYDFS has taken cyber security to a whole new level," said one lender. "They are hammering everyone about the risk and heavy enforcement in examinations.” 


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MBA Calls for Clarifications on Ginnie's Digital Mortgage Effort

December 26, 2019
George Brooks

Some of the provisions in Ginnie's proposed Digital Collateral Guide have the potential to create unnecessary strains on issuers, according to the MBA.


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