GOP Voices Concern on CFPB Contract Expenses, No Vote on Cordray This Week March 12, 2013 Thomas Ressler The GOP wants to know why the CFPB has spent so much money on outside contractors.Read More
Allonhill CEO Diana Mead Departs Due Diligence Vendor March 11, 2013 Paul Muolo Due diligence provider Allonhill LLC loses its CEO Diana Mead.Read More
Short Takes: More Layoffs in the Foreclosure Review Space / FHFA IG Says Higher Rates Could Hurt the GSEs / Genworth Shares Spike / Waiting for Godot and Fannie’s 4Q Earnings March 11, 2013 Paul Muolo More foreclosure review workers are set to lose their jobs. This time the layoffs are happening at Aurora Bank of Denver. Read More
Nationstar Wins TBW Bid? / Agency MBS Takes a Breather in February / Mortgage Brokers Rock / Ed DeMarco, the Most Powerful Man in Mortgage Finance Today? / Broker Sheds Tears Over New Subprime Firm March 8, 2013 Nationstar appears to be the winning bidder on the Taylor Bean & Whitaker MSR pacakge. Meanwhile: Ed DeMarco, the most powerful man in mortgage finance today? Read More
Former Goldman Sachs Managing Director Launches Subprime Company March 6, 2013 Paul Muolo A former loan trader at Goldman Sachs has launched a new subprime mortgage company offering LTVs as high as 75 percent.Read More
Short Takes: A 70-BP G-Fee May Lead to Private Conventional MBS / Impac’s Comeback Continues / Will Cordray Make the Cut This Time? / Ocwen Loses Chief Accounting Officer / MGIC, a Hot Stock March 6, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.Read More
Turmoil at ASF as Board Members and Firms Quit Securitization Group March 5, 2013 Brandon Ivey The American Securitization Forum, a high profile trade group that focuses on MBS issues, is in turmoil with several of its board members quitting. Read More
Short Takes: Does IBM Have the FHFA MBS Platform Contract? / New Penn Expands its Jumbo Products / Another Subprime Capital Raise? / Stonegate Hires Former Homeward Executive March 5, 2013 Paul Muolo Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.Read More
GMH Hires GMAC Executive as SVP of National Production March 4, 2013 Paul Muolo GMH Mortgage Services, which is barely five years old, has hired GMAC veteran Frank DiMaio to run national sales.Read More
Ocwen Says its Servicing Cost for NPLs is Dirt Cheap, India? March 4, 2013 Paul Muolo Ocwen's huge overseas workforce has allowed it to lower its servicing costs substantially, at least that's how it appears.Read More
RSS