TRID Projected to Cost Mortgage Industry $527 Million a Year January 7, 2015 Thomas Ressler Elsewhere, Batkins projects compliance with all of the CFPB's 2014 regulations to cost the financial services industry $2.1 billion. Read More
Obama Will Unveil Lower FHA Premiums on Thursday January 7, 2015 George Brooks The National Association of Realtors recently estimated that in 2014, nearly 234,000 creditworthy borrowers were priced out of the housing market because of high FHA insurance premiums.Read More
Morgan Stanley Discloses 7.9 Percent Stake in Ocwen – On Behalf of Clients January 7, 2015 Paul Muolo On an annualized basis, Ocwen Financial is still profitable and has a price-to-earnings ratio of 10.Read More
Short Takes: Steven Cohen Likes Walter / Some SAC Background / FHA Premium Cut? Bring it On / What Does the GOP Think? / Clarification on GSE Recap January 7, 2015 Paul Muolo Of course, we’re waiting to see what Republicans on Capitol Hill think of a cut in FHA premiums…Read More
Letting the GSEs Rebuild Capital Won’t Happen Anytime Soon, Says MBA Chief January 6, 2015 Paul Muolo MBA's Stevens believes that making a change in the PSPAs would not go over very well in a Republican-controlled House and Senate.Read More
Fitch: Progress Slow on Needed Changes for Non-Agency MBS January 6, 2015 Brandon Ivey Potential actions by regulators also give non-agency MBS investors cause for concern. Read More
Ellie Mae Founder Sig Anderman Stepping Down as CEO January 6, 2015 Paul Muolo Anderman took Ellie Mae public in 2011. The company now has a market cap north of $1.1 billion.Read More
California Still Loves Loan Brokers – A Lot January 6, 2015 John Bancroft Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...Read More
Will Nationstar be the Big Kahuna of MSR Acquisitions? January 6, 2015 Paul Muolo A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...Read More
Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Auction.com Sees Possible Shift in CRE January 6, 2015 Brandon Ivey and Paul Muolo “There’s a lot of 60- and 70-year old mortgage managers out there.” Read More