Phoenix Selling $1.8 Billion of GSE Servicing Rights November 1, 2016 Paul Muolo According to the offering circular, 82 percent of the underlying mortgages were sourced through loan brokers... Read More
Short Takes: Freddie’s Multifamily Segment Had Better Income than SF / Shrinkage not Exit / Analysts Turn Negative on Altisource / Some Good News for the Vendor / Boomers Have Home Equity, but… November 1, 2016 Paul Muolo The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…Read More
Prospect Mortgage Slated for Sale to HomeBridge. Combined Firm Could Rank #10 Among NBs November 1, 2016 Paul Muolo The sale was brokered by investment banker Houlihan Lokey. Read More
MIAC Selling $880 Million of Servicing; MountainView to Auction NPLs October 31, 2016 Paul Muolo The NPLs are being offered on behalf of a residential loan asset manager…Read More
Short Takes: Trouble Ahead for the GSEs, Warns Former Audit Committee Director / A $3 Billion Capital Buffer Should Do the Trick / Shadow = Illegal? / Stonegate GC Jumps Ship for FGMC / A Correction October 31, 2016 Brandon Ivey and Paul Muolo Are nonbanks 'shadow' institutions, and if so, is that a bad thing?Read More
As of Halloween, BofA’s MLOs are LOs and Must Offer Auto Loans Too October 31, 2016 Paul Muolo One observer called the change “huge.”Read More
Will Ginnie Mae’s New ‘Acknowledgement Agreement’ Bolster MSR Liquidity? October 28, 2016 Paul Muolo Late this week, a spokesperson for Ginnie Mae could not offer any specifics about the revised acknowledgement agreement but noted the changes are “almost” complete.Read More
CFPB Sends Warning Letters to 44 (Unnamed) Lenders/Brokers on HMDA Data Collection October 28, 2016 Paul Muolo In the fall of 2013, the regulator sanctioned two lenders – Mortgage Master and Washington Federal – for violating HMDA collection requirements.Read More
What We’re Hearing: A Two-Year Window to Fix Fannie and Freddie? / On Jan. 1, 2018, the GSE Piggybank Goes Dark / Treasury Loves GSE Earnings but not the GSEs / Three Standouts: Caliber, Freedom and UWM / Silver Hill Keeps Hiring October 28, 2016 Paul Muolo Fannie Mae and Freddie Mac should post stellar third quarter results. Here's why...Read More
Ocwen Finally Earns a Profit; Stock Soars; Questions Remain October 27, 2016 Brandon Ivey and Paul Muolo Ocwen funded $1.2 billion in “forward” mortgages and an additional $213 million of reverse loans. In 2Q16 it funded $1.32 billion.Read More