December 5, 2019By Paul MuoloShort Takes: Go Figure: Fintech Raises More Money / A Rich Valuation? / Cagney / IPO in the Cards? / Bulk MSR Offering from IncenterFigure’s co-founder and CEO is Mike Cagney. If the name sounds familiar, it should. Cagney formed SoFi earlier in the decade...
December 4, 2019Mr. Cooper Discloses Weaker Lending MarginsMr. Cooper: “Prepayment speeds have remained high so far in the fourth quarter, with forward owned CPRs of 20.3% in October and 17.8% in November…”
December 4, 2019By Yemeng YangAnother Year of Shrinkage at the CFPBAt Sept. 30, the CFPB employed 1,430 workers, down 5.3% from a year earlier and 14.3% below the 1,668 it employed in 2017.
December 2, 2019By Paul MuoloShort Takes: Layoffs at Fannie, Freddie JV / The CSS Mission / Good for Now, Yes. Later? / Ocwen CGO Files Form 4 / A Past, Bullish Sign
November 22, 2019By Paul MuoloCFPB Issues Report on Residential Servicers. Key Finding: Behemoths Rule
November 20, 2019By Paul MuoloShort Takes: GSE Stock Prices: Ouch / Juniors, Not the Common / Talk of Warren (Buffett, not Elizabeth) / Fitch Takes a Look at Freedom / New Hires at the FHFA