Certain Cities See Nice Recovery in Home Values, But Maybe Too Much March 31, 2015 Carisa Chappell In some cities, future price gains may be hard to come by, especially if home flippers and investors bolt.Read More
Short Takes: Nonbanks Dominate Credit Suisse Jumbo Deal / LLC Wins Freddie NPL Auction / When Will Fannie Sell Some NPLs? / Clayton Buys AVM Vendor / A Reserve Fund for GSE Profits? March 30, 2015 Carisa Chappell and Brandon Ivey So, how come Freddie has conducted a handful of NPL sales thus far and Fannie Mae has not? Read More
Short Takes: Oh, That’s Why John Devaney Likes Ocwen / Freddie Mac Cranks Up NPL Sales / Freedom Mortgage Continues Hiring Spree / Tavistock and the Bear / Former CFPB Attorney Lands at Wilmer Cutler March 24, 2015 Carisa Chappell and Paul Muolo But when the letter first came to light one little fact was not readily known: that Devaney was also an Ocwen shareholder.Read More
Lenders More Optimistic on Profits, Mortgage Demand March 18, 2015 Carisa Chappell Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.Read More
Short Takes: Nonprime Lender Deephaven Gains a Top Executive / A Harbinger of LLPA Changes? / An Easing of Credit Standards? / Where Are Impac’s Earnings? VRM Hires Former Fannie Official March 18, 2015 Carisa Chappell and Paul Muolo Subprime lender Deephaven Mortgage has a new executive...Read More
CoreLogic: Negative Home Equity on the Rise Again, but Only Sequentially March 17, 2015 Carisa Chappell Nevada was the leader in underwater homes with 24.2 percent of mortgaged properties in a negative equity position.Read More
Short Takes: So, Who’s The Lucky Captive (REIT) Approved for FHLB Membership? / 23 Responses on the CSP / Fannie Headed Downtown / Comergence Gets New Assignment March 16, 2015 Carisa Chappell and Paul Muolo The captive insurer is owned by a REIT, a spokeswoman for the district bank said, but declined to name either. Read More
REIT MBS Portfolios Grew Modestly In 4Q, Sector Ready for Fed Exit March 6, 2015 Carisa Chappell Sixteen publicly-traded mortgage REITs reported a fair market value of $282.62 billion for their aggregate MBS holdings at December 31.Read More
Freddie Mac Sells $392 Million of Seriously Delinquent Loans to Pretium and Bayview March 3, 2015 Carisa Chappell Pretium won pools one and two, which have a combined loan balance of $238.6 million.Read More
Short Takes: HLSS Wants an Extension Too / What’s Behind Ocwen’s Goodwill Charge? / Stewart Title Headed to the Auction Block? / FHFA’s NPL Guidelines Expected? / Ben Lawsky Has Not Gone Home Yet March 3, 2015 Carisa Chappell and Paul Muolo Meanwhile, Ocwen watchers are scratching their heads over a fourth quarter goodwill charge that eventually could reach $420 million...Read More