Short Takes: Wells Hires Someone to Manage JVs / Cordray Will Be Confirmed? / Ocwen Posts Results but Analysts are Not Impressed / HUD Writing its Own QM Rule for FHA Loans February 28, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler Wells Fargo has not given up on mortgage lending JVs after all and has hired someone to manage them.Read More
Short Takes: The Myth Surrounding Redwood’s Delinquencies / Jumbo Loan Prices Red Hot / $30,000 a Year in Flood Premiums? / GSEs Paying Their Subservicers How Much? February 25, 2013 Brandon Ivey and Paul Muolo Jumbo loan prices are red hot.Read More
Servicers Progressing on ‘Robo’ Relief, But Complaints Continue February 21, 2013 Brandon Ivey The five servicers participating in the $25.0 billion national “robo-signing” settlement are well on their way toward meeting their obligations. Read More
Redwood Cuts Seasoning with Latest Jumbo MBS February 20, 2013 Brandon Ivey Redwood is in the market with a new jumbo deal, this one with loans that have little in the way of seasoning.Read More
Short Takes: HSBC Planning the ‘Mother’ of All NPL Auctions? / Robo-Monitor A Bit Tardy On Its Report / Carrington Ramps Up Hiring Big Time / Apps Sink / Angry Law Firm Sues CFPB February 20, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler HSBC is planning a large nonperforming mortgage auction that could happen early in the second quarter.Read More
Short Takes: The QRM Rule: 5% Down? / Jumbo Prices Getting Frothy? / Applications Fall but Don’t Panic / MSR Auctions of All Sizes February 14, 2013 Brandon Ivey and Paul Muolo Three senators are pushing for 3 percent downpayment language on the QRM rule.Read More
CFPB Warns Servicers on MSR Transfers, Nonbanks Targeted February 12, 2013 Brandon Ivey The CFPB has warned the mortgage banking industry that it should pay close attention to loss mitigation work when servicing rights are transferred. Read More
JPMorgan Chase Working on Jumbo MBS February 12, 2013 Brandon Ivey and Paul Muolo JPMorgan Chase is working on a jumbo MBS deal but it may place the bond in the the private market. Read More
GSEs Take Bigger Share of Purchase Mortgages February 7, 2013 Brandon Ivey Fannie Mae and Freddie Mac's share of purchase-mortgage originations has increased each of the last two years, according to a new analysis by Inside Mortgage Trends. Read More
Two Harbors Working Toward Non-Agency MBS Deal February 7, 2013 Brandon Ivey Mortgage REIT Two Harbors continues to work away at a potential jumbo MBS deal.Read More