Short Takes: Sen. Franken Tries to Tell Wall Street How to Rate Deals / Impac Rewards Top Executives Nicely / A New Player in Warehouse Lending? / 360 Mortgage Continues to Expand in Wholesale / Two New Subcoms from MISMO May 14, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.Read More
Yet Another Jumbo MBS Deal From Redwood, This One its Most Diversified May 13, 2013 Brandon Ivey Redwood Trust is ready to sell yet another jumbo MBS deal into the market.Read More
Walter Sees Continued Growth in MSR Purchases May 9, 2013 Brandon Ivey Walter Investment, which posted strong earnings for 1Q13, is in exclusive talks to buy $10 billion of mortgage servicing rights.Read More
Two Harbors Reveals Name of Mortgage Banker it Purchased May 8, 2013 Brandon Ivey Besides entering the servicing arena, Two Harbors Investment Corp. is building an originator network to issue non-agency jumbo mortgage-backed securities on its own.Read More
Short Takes: $750 Million of NPLs to Bid This Week / Two Harbors in the Hunt for ‘Re-performing’ / Investors Will Continue to Dump Non-Agency MBS / NAFCU Upset with FHFA Edict on QM / Former Ally Executive Gets Hired by MBS Group May 8, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler A $750 million offering of nonperforming mortgages is expected to go down this week. Meanwhile, NAFCU is mad at FHFA over the QM rule.Read More
Servicer Advance Securitization is Growing but Concerns Persist May 7, 2013 Brandon Ivey The market for securities backed by servicer advances is red hot, but S&P says investors face risks. Read More
New York AG to File Lawsuits Against BofA, Wells for Servicing Issues May 6, 2013 Brandon Ivey Law enforcement officials say some of the nation's megabanks are violating terms of the historic national servicing settlement. Read More
Redwood Shrugs Off Widening Spreads on Non-Agency Jumbo MBS, Posts Huge Profit May 3, 2013 Brandon Ivey Redwood hits an earnings home run in the first quarter. Widening spreads a concern? Hardly.Read More
Ocwen Eyeing $375 Billion in Acquisitions, Reports Record Revenue May 2, 2013 Brandon Ivey Thanks to its servicing business, Ocwen posted strong earnings in the first quarter but questions have been raised about its gain-on-sale margin.Read More
Short Takes: PHH Sees Its Gain-on-Sale Drop / Flippers Say ‘Viva’ Las Vegas and Orlando Too / Auction.com Sells Apartment Buildings in Competitive Bid / Treasury Comes Clean on HAMP / Sen. Corker Uncorks May 2, 2013 Brandon Ivey and Paul Muolo PHH Mortgage saw its gain-on-sale margin decline but it marked up the value of its MSRs.Read More