Ocwen Gets Support from Investors that Buy Lower Tranches in Non-Agency MBS March 19, 2015 Brandon Ivey "I prefer Ocwen over any other servicer to the extent they continue the same practices," said investor John Devaney, CEO of United Capital Markets.Read More
Short Takes: Cooperman and Omega Throwing in the Towel on Altisource / ASPS Hits New, 52-Week Low / WinWater’s New Jumbo Deal / Lower Originations? / The Best MSRs Go First March 19, 2015 Paul Muolo and Brandon Ivey
The ‘Mystery’ Captive That Joined the Indianapolis FHLB is Five Oaks March 17, 2015 Brandon Ivey A ban on captive insurers joining the FHLB system appears to be over.Read More
Short Takes: Consumer Reports Advises Against Using Loan Brokers / NAMB: Come to Work With Us / Five Oaks Flying Solo on Jumbo MBS / Auction.com: Washington is Flipping Heaven / Ginnie MSRs for Sale March 17, 2015 Paul Muolo and Brandon Ivey “We don’t recommend that you hire a mortgage broker” for rate shopping purposes, says Consumer Reports magazine...Read More
Commercial Banks and Whole Loans, What’s the Deal? March 16, 2015 Brandon Ivey Bank demand for MBS has increased due to new accounting requirements and a decline in total residential loan production in recent years.Read More
Poised for a Revival: Wholesale-Broker Lending? March 16, 2015 Brandon Ivey United Wholesale's Mat Ishbia said 20 percent of purchase mortgages are originated by brokers.Read More
The Ocwen Tally on Servicing Breaches: 482; But Unless the Trustee Acts… March 13, 2015 Brandon Ivey Over the past few years, 482 of Ocwen’s deals have experienced breaches, but the trustee generally did not seek termination of the servicing contract.Read More
Realtors Recommend Specific Mortgage Providers for 55 Percent of Their Deals March 12, 2015 Brandon Ivey When Realtors recommend a lender, homebuyers use one of the anointed originators 68 percent of the time.Read More
CFPB Shines Spotlight on Branch Managers, Cites Violations of LO Comp Standards March 12, 2015 Brandon Ivey Despite the potential seriousness of the allegations, the CFPB did not identify any lenders by name.Read More
Short Takes: Trade Group Wants G-Fees Cut Now / As for Fannie & Freddie Legislation… / What Does Ocwen Do With All That Cash? / Maine Republican Worries about MMIF March 12, 2015 Paul Muolo, George Brooks, and Brandon Ivey Most people who are not in straight-jackets believe the chances of GSE reform by 2016 are pretty much zero. Just in case you were wondering and needed a reminder…Read More