A 15 Percent Decline in GSE MBS Issuance for November December 16, 2014 John Bancroft More than half of Fannie’s MBS flow in November came from refinance loans, the first time since March that purchase mortgages accounted for less than half of its business.Read More
Short Takes: Can it Get Any Worse for Ocwen? / JPM Makes Progress on Loan Mods / Skyline Will Double its Capital Base / No Love for Russia / #1 in St. Louis? December 16, 2014 Brandon Ivey and Paul Muolo The subordinated debt deal will double the capital base of Skyline Lending.Read More
GSE Seller/Servicer Buybacks Hit Post-Crash Low; Banks Over-Reserving? December 15, 2014 John Bancroft As of September 30, banks and thrifts held $15.50 billion in repurchase reserves, most of it tied to Fannie/Freddie loans.Read More
Ocwen Resumes Ginnie Buyouts But at a Much Lower Level December 15, 2014 Paul Muolo Ocwen also did not disclose what it paid to acquire the nonperforming loans or who the buyer was.Read More
It’s Official: LenderLive Will Sell Control of Company to Private Equity Firm December 15, 2014 Paul Muolo Aquiline is headed by Jeffrey Wayne Greenberg, son of former AIG chairman Maurice “Hank” Greenberg. Read More
Depositories Increased MSR Values in 3Q but Also Shed Product December 15, 2014 John Bancroft Bank and thrift MSR holdings peaked at $5.977 trillion back at the end of 2009.Read More
Public Company Selling $800 Million of Fannie/Freddie MSRs December 15, 2014 Paul Muolo Roughly 86 percent of the mortgages were correspondent originations. Read More
Short Takes: CMLA Wants GSEs to Retain Net Earnings / Cantor Expands Whole Loan Trading Desk / Carrington Hires Orman / Some Nice Words for Ocwen / FCI Shows Strong Growth December 15, 2014 Paul Muolo Moreover, CMLA wants lower guaranty fees for seller/servicers...Read More
Impac in Talks to Buy ‘Leading’ Mortgage Originator, Eye on ‘Alt’ Expansion December 12, 2014 Paul Muolo But who is the mystery lender that Impac is talking to?Read More
CitiMortgage Gets Its HAMP Payments, Treasury Looking Into Ocwen’s Misdated Letters December 12, 2014 Brandon Ivey Nationstar, Ocwen, Select Portfolio Servicing and Wells Fargo all need moderate improvement in their HAMP performance.Read More