NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer November 7, 2018 Paul Muolo Ditech said it has no plans to appeal the NYSE’s decision.Read More
Ocwen’s New CEO Talks About Severance Payments, but Growth Too November 7, 2018 Paul Muolo Ocwen CEO Glen Messina: "Having completed the merger, we now have unrestricted access to PHH employees..."Read More
Short Takes: GSE Oversight Hearing Delayed Yet Again / Coming in 2019? / Maxine Water’s GSE Reform Bill? / Bermuda Insurer Partners with Radian / Ocwen’s New Name? Maybe Newco? / PrimeLending’s New Hire November 7, 2018 Paul Muolo Will Rep. Maxine Waters tackle GSE reform?Read More
Ginnie Asks Top Servicers to Come up with ‘Liquidity Plan’ November 6, 2018 Paul Muolo One observer with clients who received the letter, said: “This has spooked the horses.”Read More
Another Quarterly Loss for Ocwen, New CEO Messina Calls for ‘Re-engineering’ the Cost Structure November 6, 2018 Paul Muolo Ocwen is planning a re-engineering of its cost structure...Read More
Short Takes: Calabria for the FHFA Job? / Egenhoefer’s New Gig? / Ocwen’s Share Price Gets Clocked / WAMCO Prepares EC MBS / Invitation Homes’ SFR Inventory / Fast-Growing Servicers November 6, 2018 Brandon Ivey and Paul Muolo Among the nation’s top 20 servicers at Sept. 30, Freedom Mortgage had the largest increase its MSR balances...Read More
As the Clouds Roll In, Some Lenders Turn to Non-QM, Including FGMC November 5, 2018 Paul Muolo PIMCO, which controls FGMC, is no stranger to the non-QM market…Read More
Ahead of 3Q18 Results, Impac’s Share Price Falls to a 52-Week Low November 5, 2018 Paul Muolo Impac’s share price fell to a new 52-week low Monday: $5.10.Read More
Mutual of Omaha’s MB Inks Deal to Buy Assets of BBMC November 5, 2018 Paul Muolo No details were provided regarding the assets that Synergy will take on…Read More
Short Takes: The Election Day Crystal Ball and the GSEs / One More Try at a GSE Bill? / Hensarling Wants to Bury the GSE Model / John Britti’s Extra Pay / A New Texas Branch for Waterstone November 5, 2018 Paul Muolo On Friday, long-time GSE critic Rep. Jeb Hensarling, R-TX, took one more rock to Fannie and Freddie... Read More