Short Takes: A Record Production Month for One Lender / Another LLPA Change From Fannie Mae / Trouble for Altisource Residential? / Auction.com Updates Forecast / Former Fannie Chief Mudd Appears in Court April 1, 2015 Paul Muolo Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...Read More
Of All the Ocwen Affiliates, Altisource Hit the Hardest March 31, 2015 Paul Muolo To understand the plight of the publicly traded REO vendor, you first have to understand where it came from...Read More
Short Takes: Looser Credit, for Real? / When in Doubt, Sell Whole Loans / How Did 1Q15 Shape Up? / Nationstar Provides More Details on Stock Sale / First Key's New SFR Deal March 31, 2015 Paul Muolo Reliance recently was approved for credit by a Wall Street wholesale lender that does 10 percent down, no-mortgage insurance loans...Read More
Mortgage Origination Profits Looking Rosy? March 31, 2015 Paul Muolo Meanwhile, according to interviews conducted by IMFnews with certain warehouse consultants, profits have been quite good during the first quarter... Read More
FHFA Likely To Leave G-Fees Unchanged. As for LLPAs… March 30, 2015 Paul Muolo Few lenders are counting on a reduction in the current “ongoing” GSE fee, which increased from 13 basis points in 2009 to 40 bps in 2013.Read More
Commercial Bank Selling $10 Billion of MSRs, But Looking for Subservicing Option March 30, 2015 Paul Muolo The selling depository – which MVSG did not name – prefers to retain servicing, but will consider an outright sale.Read More
What We’re Hearing: PHH, Worth Double? / BofA, Slow and Really Cautious / No Cut in G-Fees? Here’s Why / Protecting Your Officers and Directors / A Market on Fire: VA Lending March 27, 2015 Paul Muolo Glenview is bullish on Ocwen but it also owns a large stake in the nonbank...Read More
Short Takes: Nationstar Hiring? / Ocwen for Sale? / Is it Safe for Nonbanks to Start Originating Seconds? / A Capital Break for MSRs? / Impac Posts Loss March 26, 2015 Brandon Ivey, Paul Muolo, and Thomas Ressler Is it possible that Ocwen will sell the entire company and not just all of its agency servicing rights? Read More
Biniam Gebre Out as Acting FHA Commissioner; Ed Golding Is In March 26, 2015 Paul Muolo Gebre was Galante’s temporary replacement. Until a recent cut in premiums, FHA volume has been steadily dropping.Read More
IG Report: FHFA Took 750 Conservatorship ‘Actions’ Against the GSEs in 2014 March 25, 2015 Paul Muolo Fannie and Freddie don't get out of bed in the morning without first talking to the FHFA. (Then again, the two are in conservatorship.)Read More