IMFnews

February 23, 2017

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An ‘Alt’ Theory Emerges on the Spike in FHA Delinquencies. MSR Transfers the Culprit?

Higher FHA delinquencies may have been caused by administrative mistakes… Read More

Wholesale-Broker Production Suffers the Most in 4Q16, Down 6.7 Percent

Caliber Home Loans climbed into second place in the wholesale-broker market thanks to a huge 63.7 percent gain in annual funding volume. Read More

Angel Oak Set to Issue its First Nonprime MBS Deal of the Year

The Angel Oak family of mortgage lenders finished 2016 with roughly $700 million of nonprime/non-QM originations, according to officials at the company. Read More

More Red Ink from Ocwen with Future Losses Anticipated; Originations Down Almost 10%; Share Price Clocked

Officials at Ocwen warned of more financial turbulence throughout the year... Read More

Fairholme Chief Bruce Berkowitz on GSE Legal Setback: ‘This is far from over.’

At last check, Fairholme valued its stake in Fannie/Freddie at roughly $115.7 million. Read More

Short Takes: More on Ocwen’s CFPB Problem / An Invitation to Write a NORA Letter / MSR Buying Dreams Up in Smoke? / Ocwen for Sale Eventually? / A New Hire for ClosingCorp

The disclosure comes on the heels of a recent legal settlement in California that paves the way for Ocwen to buy servicing rights once again... Read More