Short Takes: Phyllis Caldwell, FHFA Chief? / No Independent IG for CFPB? / Two Harbors Raises More Money / No Word on MBS M&A March 25, 2013 Paul Muolo and Thomas Ressler Who is Phyllis Caldwell, and why is she being mentioned for the FHFA job?Read More
Quicken Buying $34 Billion of GSE MSRs, Eyeing Other Deals as Well March 21, 2013 Paul Muolo Quicken is buying a large MSR portfolio from the government-owned Ally Bank and more deals may be in the works.Read More
Bob Appel, EVP of Default Servicing, Resigns from Nationstar March 21, 2013 Paul Muolo Nationstar Mortgage, a fast growing residential servicer, is losing the man in charge of default processing at the firm.Read More
Short Takes: CFPB Shows Some Love for the Industry? / Chamberlain to Head PNC Mortgage / Quicken Loans Owner Keeps Gobbling Up RE in Detroit / Gorman & Gorman Home Loans Sold March 21, 2013 Paul Muolo and Thomas Ressler Industry veteran Sy Naqvi is stepping down as CEO of PNC Mortgage.Read More
FHFA IG Raises the Question of Whether $93 Billion in GSE Deferred Tax Assets Can Be Captured March 20, 2013 Paul Muolo and Charles Wisniowski Can Fannie Mae and Freddie Mac capture $93 billion in deferred tax assets - money that ultimately will flow through to the U.S. Treasury? Read More
Mortgage Applications Tumble Again, Refi Share Falls for 10th Straight Week March 20, 2013 Paul Muolo Is the refinancing boom finally over? Some mortgage bankers are beginning to get nervous.Read More
Short Takes: Genworth Executive Bolts for Servicer / Hedge Funds Get Cold Shoulder from the GSEs? / Chimera Continues to Have Reporting Problems / The Cordray Saga Continues / PLS Modifications at 45 Percent March 20, 2013 Paul Muolo and Thomas Ressler Genworth is losing a top MI executive to a mortgage servicer. And more woes for Chimera...Read More
Kondaur Active in the NPL Market Again: Sources March 19, 2013 Paul Muolo It would appear that Kondaur Capital of Orange, CA, is once again actively seeking out portfolios of nonperforming loans.Read More
Walter Gets Big Warehouse Line, Buying More MSRs, but Loses Money in 4Q March 19, 2013 Paul Muolo Walter Investment Management lost money in the fourth quarter and for the full year but that's because it's been gobbling up billions of dollars in mortgage servicing rights.Read More
Short Takes: HUD Ready to Slash Contractors / CoreLogic Sees Improvement in Underwater Homes / Two Harbors Raises $673 Million / HSBC Planning the Mother of All NPL Auctions? March 19, 2013 Paul Muolo HUD may be forced to cut some of its vendors due to the federal sequester. Meanwhile, Two Harbors raises $673 million.Read More