IMFnews - Page 1443 | Inside Mortgage Finance

Kondaur Active in the NPL Market Again: Sources

March 19, 2013

It would appear that Kondaur Capital of Orange, CA, is once again actively seeking out portfolios of nonperforming loans.

Walter Gets Big Warehouse Line, Buying More MSRs, but Loses Money in 4Q

March 19, 2013

Paul Muolo

Walter Investment Management lost money in the fourth quarter and for the full year but that's because it's been gobbling up billions of dollars in mortgage servicing rights.

Senate Banking Panel Approves Cordray to Head CFPB But GOP Isn’t Happy

March 19, 2013

Thomas Ressler

The Senate Banking Committee, as expected, approved the nomination of Richard Cordray to head the CFPB, but Republicans are not happy about the structure of the young agency.

FHFA Chief Critical of Congress for Lack of Movement on GSE Reform

March 19, 2013

Charles Wisniowski

FHFA chief Edward DeMarco on Tuesday criticized Congress for doing nothing in regard to GSE reform.

Short Takes: HUD Ready to Slash Contractors / CoreLogic Sees Improvement in Underwater Homes / Two Harbors Raises $673 Million / HSBC Planning the Mother of All NPL Auctions?

March 19, 2013

Paul Muolo

HUD may be forced to cut some of its vendors due to the federal sequester. Meanwhile, Two Harbors raises $673 million.

Residential Loan Sales by Banks Increased 37 Percent in 2012

March 18, 2013

John Bancroft

Mortgage banking units owned by banks and thrifts generated $1.55 trillion in loan sales during 2012, a 36.9 percent jump from the previous year.

IRS Issues Conflicting Opinion on Deductibility of REO Costs

March 18, 2013

Brandon Ivey

Historically, many banks have deducted expenses associated with REO, but all that may soon change thanks to a new IRS ruling.

GSEs Spent $1 Billion-Plus on Vendors Last Year?

March 18, 2013

Paul Muolo

Fannie Mae and Freddie Mac and spending a ton of money each year on outside contractors, including technology firms, attorneys and accountants.

Citibank Hikes Repo Line to PennyMac

March 18, 2013

Paul Muolo

Citibank continues to finance PennyMac and its affiliates. The bank recently increased a repo line it had with the publicly traded REIT.

Short Takes: New York AG Schneiderman and Other AGs Want DeMarco Replaced Now / Federal Reserve Banks Tapped for CFPB Expenses / Hallmark Enters Wholesale Arena / Two New Wholesale AEs for 360 Mortgage

March 18, 2013

Paul Muolo and Thomas Ressler

Nine Attorneys General, unhappy with the pace of loan modifications, are calling for the immediate dismissal of acting FHFA director Edward DeMarco.

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Kondaur Active in the NPL Market Again: Sources

Walter Gets Big Warehouse Line, Buying More MSRs, but Loses Money in 4Q

Senate Banking Panel Approves Cordray to Head CFPB But GOP Isn’t Happy

FHFA Chief Critical of Congress for Lack of Movement on GSE Reform

Short Takes: HUD Ready to Slash Contractors / CoreLogic Sees Improvement in Underwater Homes / Two Harbors Raises $673 Million / HSBC Planning the Mother of All NPL Auctions?

Residential Loan Sales by Banks Increased 37 Percent in 2012

IRS Issues Conflicting Opinion on Deductibility of REO Costs

GSEs Spent $1 Billion-Plus on Vendors Last Year?

Citibank Hikes Repo Line to PennyMac

Short Takes: New York AG Schneiderman and Other AGs Want DeMarco Replaced Now / Federal Reserve Banks Tapped for CFPB Expenses / Hallmark Enters Wholesale Arena / Two New Wholesale AEs for 360 Mortgage

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

IMFnews
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