After Another Large Quarterly Loss, Ocwen’s Stock Gets Hit October 29, 2015 Paul Muolo At press time, its share price was at $6.66 compared to a 52-week low of $5.66 and an all-time high of $60 a share.Read More
Carl Icahn Calls for United Guaranty to Be Separated Out From AIG October 29, 2015 Paul Muolo Among other things, Icahn mentions a "changing and potentially punitive regulatory framework..."Read More
Short Takes: Looser Condo Rules from FHA? / Sterne Agee Not Optimistic on Nationstar / Some Good News from Ocwen (Sort of) / Strong CRE Volume from Auction.com / The Sky is Falling: the Fed May Hike Rates October 29, 2015 Paul Muolo There was some good news from Ocwen: the company earned $44.2 million from servicing sales...Read More
Earnings and Production Drop at EverBank; MSR Sale to Nationstar Pending October 28, 2015 Paul Muolo The sale of mortgage servicing rights to Nationstar should transfer by Nov. 1.Read More
FHFA Rule on ‘Captives’ and FHLB Could End in a Compromise October 28, 2015 Paul Muolo Although the FHFA received more than 1,300 comments on proposed changes to its membership rules, it has yet to issue a final regulation.Read More
Agency MSR Deals from Prestwick and Phoenix Capital October 28, 2015 Paul Muolo “The flow market remains consistent with pricing, while the bulk market ebbs and flows with the 10-year and mortgage spreads,” said Tom Piercy of Interactive Mortgage Advisors.Read More
Short Takes: Will Ocwen Short-Sellers Get Squeezed? / What Will Faris Say About Origination Growth? / Another Loss for NMI / Guild Sets Origination Record / NYDFS Chief Albanese Departs October 28, 2015 Paul Muolo The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...Read More
Radian Profit Jumps 40 Percent in 3Q, a Slight Decline in NIW October 27, 2015 Paul Muolo For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.Read More
An Earnings Increase at Flagstar; Thrift Keeps Selling MSR Assets October 27, 2015 Paul Muolo Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.Read More
Mortgage REIT CYS Ramps Up FHLB Borrowings October 27, 2015 Paul Muolo Its captive insurance affiliate, CYS Insurance Services, became a member in the FHLB of Cincinnati in March of this year. Read More