Short Takes: Quicken Chief Economist: ‘Rates Could Go Lower’ / Oil, Housing, Mortgages? / One Crazy Mortgage Guy is Against Lower FHA Premiums / TPLS Buying MSRs / New PAC Chief for MBA January 8, 2015 Brandon Ivey and Paul Muolo Mortgage lenders are delirious about lower FHA premiums, right? Well, not everyone. Read More
Morgan Stanley Discloses 7.9 Percent Stake in Ocwen – On Behalf of Clients January 7, 2015 Paul Muolo On an annualized basis, Ocwen Financial is still profitable and has a price-to-earnings ratio of 10.Read More
Short Takes: Steven Cohen Likes Walter / Some SAC Background / FHA Premium Cut? Bring it On / What Does the GOP Think? / Clarification on GSE Recap January 7, 2015 Paul Muolo Of course, we’re waiting to see what Republicans on Capitol Hill think of a cut in FHA premiums…Read More
Letting the GSEs Rebuild Capital Won’t Happen Anytime Soon, Says MBA Chief January 6, 2015 Paul Muolo MBA's Stevens believes that making a change in the PSPAs would not go over very well in a Republican-controlled House and Senate.Read More
Ellie Mae Founder Sig Anderman Stepping Down as CEO January 6, 2015 Paul Muolo Anderman took Ellie Mae public in 2011. The company now has a market cap north of $1.1 billion.Read More
Will Nationstar be the Big Kahuna of MSR Acquisitions? January 6, 2015 Paul Muolo A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...Read More
Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Auction.com Sees Possible Shift in CRE January 6, 2015 Brandon Ivey and Paul Muolo “There’s a lot of 60- and 70-year old mortgage managers out there.” Read More
Big Decline in Subservicing Contracts at BofA, Ocwen, Nationstar January 5, 2015 Paul Muolo BofA has been a steady seller of mortgage servicing rights the past three years and seems to have no interest in being a subservicer.Read More
Servicing Market Heats Up Early: A $4.2 Billion MSR Portfolio from MVSG January 5, 2015 Paul Muolo MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”Read More
Short Takes: Obama Again on GSE Reform / Newly Minted MBAs Hate Mortgages? / Guild Goes HLTV / An ATR for Payday Loans? / John Adams Settles FHA Charges January 5, 2015 Brandon Ivey and Paul Muolo Are recent graduates of business schools avoiding the mortgage industry?Read More