Short Takes: Subservicer Up For Grabs / Rental Homes Merger / Michigan Mutual Hunts for Branches / Ocwen Keeps Paying Down Debt / FHFA Wants GSE Documents Out of the Public’s View September 21, 2015 Carisa Chappell and Paul Muolo Ocwen Financial continues to sell servicing rights and pay down debt. But its stock price isn't moving very much.Read More
What We’re Hearing: Former GSE Regulator No Fan (Still) of Fannie and Freddie / Falcon’s Prediction Didn’t Come True / Wilbur Ross Must Have the Touch / Man Buys Bank / Wells Sends FHA Another Message September 18, 2015 Brandon Ivey and Paul Muolo If the CEOs of Fannie and Freddie get their raises reversed, what will they do?Read More
Nation’s 11th Largest Originator loanDepot Contemplating an IPO? September 17, 2015 Paul Muolo loanDepot founder and CEO Anthony Hsieh is well known for starting companies, building them up and then selling them.Read More
Optimism on Loan Originations Begins to Wane September 17, 2015 Paul Muolo A few weeks back when the poll was first launched the results were more optimistic, but... Read More
Short Takes: Don’t Expect Fannie & Freddie Employees to Stage a ‘Walk Out’ / Who is This Guy? / Another Large NPL Sale for Freddie / Ocwen’s Ever Changing Moods / A New CFO for Auction.com September 17, 2015 Brandon Ivey and Paul Muolo What do Fannie/Freddie officials say about the walk-out? They were amused at the effort but declined to comment on-the-record. Read More
Mortgage Employment Holds Steady; Fewer Layoffs This Fall? September 16, 2015 Paul Muolo Paul Hindman of Grid Origination Services noted that any public company CEO who does not deliver on performance mandates “is at risk, more so than ever in today’s market.”Read More
Flagstar Recently Tried to Sell $10 Billion of MSRs. But Did the Deal Close? September 16, 2015 Paul Muolo Over the past few years, Flagstar has been a selective seller of mortgage servicing rights, lopping off packages as large as $40 billion.Read More
Short Takes: The CSP is Costing How Much? / As for the Implementation Date… / Ocwen Loses Money on MSR Sale / Walter’s ‘Insurance’ Transaction? / A New Hire for MIAC September 16, 2015 Paul Muolo Technology, like MBS, can be complicated. Just read the new FHFA report…Read More
Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender September 15, 2015 Paul Muolo Ocwen blames the anticipated loss on lower revenue and higher operating expenses.Read More
Ocwen Now Expects a Loss for 2015; More Layoffs Planned; Oh, and It Hopes to be a Top 10 Lender September 15, 2015 Paul Muolo According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams... Read More