Short Takes: Rep. Hensarling Cites ‘Fables’ Told by the Left / Some Background on the Affordable Housing Trust Funds / Did the Government Violate the Law Regarding the GSE Conservatorships? January 27, 2015 Paul Muolo "Contrary to the fable told by the left, the root cause of the financial crisis was not deregulation but dumb regulation," said House Financial Services Committee chairman Jeb Hensarling, R-TX.Read More
With Mortgage IPOs on Hold Sub Debt Issuance May Bloom January 26, 2015 Paul Muolo “Sub debt is a good way to grow your business without it being dilutive to your company,” said Bill Dallas, CEO and founder of Skyline Lending.Read More
Phoenix Selling $4.3 Billion of Agency and Ginnie Servicing Rights January 26, 2015 Paul Muolo Declining interest rates don't appear to have affected the servicing auction market much.Read More
Ocwen Quietly Shopping $10B of MSRs, Money Could Be Used for Settlements January 26, 2015 Paul Muolo Sterne Agee estimates that such settlements could cost the nation’s fourth largest servicer $496 million.Read More
Short Takes: Titan Says: Give Us Your Rejects / Ocwen Rising / UWM Rolls Out LOS Platform / DocMagic Keeps Software Developers Happy / Leon Loves Altisource? January 26, 2015 Brandon Ivey and Paul Muolo Thanks to its settlement with California regulators, Ocwen's share price is on the rise. But for how long?Read More
Thanks to Technology, Loan Officers Rarely See the Borrower January 23, 2015 Paul Muolo One LO who works for a top-10 lender (a bank) said she actually sees her customers half the time...Read More
What We’re Hearing: Ocwen’s New Headache: BlueMountain / But Will it Work? / The Nationstar MSR Mystery / Yes, Loan Applications are Booming / Whatever Happened to Jon Daurio’s Capital Raise? January 23, 2015 Paul Muolo Just because a notice of default is signaled, that doesn’t mean the trustee has to yank the servicing away from Ocwen.Read More
Ocwen Settles With California DBO, Will Pay $2.5 Million; Stock Soars After Hours January 23, 2015 Paul Muolo As part of the settlement, the DBO will drop its effort to suspend Ocwen’s license in the state. Read More
Quicken Snatches Former CFPB Official Pete Carroll Away from Wells Fargo January 22, 2015 Paul Muolo Sources familiar with the situation said Carroll began spreading the word about his departure last week. Read More
IMA Advises MSR Clients to Hold off on Bringing Deals to Market January 22, 2015 Paul Muolo Other investment bankers who work the MSR market said declining interest rates and the “Ocwen” effect are hurting values.Read More