Hatteras Financial Builds Holdings of Jumbo ARMs May 4, 2015 Brandon Ivey Hatteras held $123.3 million of jumbo ARMs at March 31, a 296 percent increase over three months.Read More
Gallup Poll Finds Ugly Outlook for New Homeownership May 1, 2015 Brandon Ivey But a poll by JPMorgan Chase found that 30 percent of potential homebuyers said they plan to purchase a home in the next 18 months.Read More
Ocwen Paints a Vision for the Future: Higher Margins from Non-Agency. Oh, And It’s Staying in GSE and Ginnie Servicing May 1, 2015 Brandon Ivey “I am not satisfied with only making $34 million in the quarter,” said Ocwen CEO Ron Faris. “We intend to do better.”Read More
Wells Fargo and JPMorgan: The ‘Big Kahunas’ of Neg Am Mortgages May 1, 2015 Brandon Ivey Both Wells Fargo and JPMorgan note that they have taken significant steps to work with borrowers who have payment option ARMs and other loans that allow for negative amortization.Read More
Treasury Criticized for Not Changing Policies Regarding HAMP Servicing Transfers April 29, 2015 Brandon Ivey Among other issues, the SIGTARP cited Green Tree's recent $63 million servicing settlement with the CFPB and Federal Trade Commission.Read More
Mortgage Earnings at Home Street Rise Sharply, Expansion Continues April 28, 2015 Brandon Ivey HomeStreet funded $1.61 billion of new originations in the first quarter of 2015, a 21 percent improvement from the previous quarter.Read More
Why a Large Chunk of 9.3 Million Foreclosed Borrowers May Never Buy a Home Again April 27, 2015 Brandon Ivey Underwriting overlays established by lenders also will limit some potential borrowers from purchasing homes in the coming years. Read More
Impac Sees 1Q Earnings Spike Thanks to CashCall, Deferred Tax Assets April 24, 2015 Brandon Ivey Impac originated $2.85 billion of loans in 1Q15, a figure that includes production from CashCall. Read More
What’s an Appraisal Cost? Try $450 to $800, At Least April 23, 2015 Brandon Ivey Many real estate agents report that appraisal costs have risen and AMCs’ overhead may be responsible...Read More
Five Oaks Ready to Issue First Jumbo MBS from Its Own Platform April 23, 2015 Brandon Ivey Five Oaks will retain all the subordinate classes, the servicing rights and the IOs.Read More