Short Takes: Nationstar Targets the Magic $500 Billion Mark in MSRs / Annaly Sells MBS and Makes a Killing / PHH Sees GOS Slip / Second Lien NPLs Red Hot? February 7, 2013 Paul Muolo Nationstar sets a target goal of amassing $500 billion of mortgage servicing rights.Read More
Correspondent Loans Sold to Fannie and Freddie Rise February 6, 2013 John Bancroft and Paul Muolo Residential mortgages sourced through the correspondent channel and sold to Fannie Mae and Freddie Mac increased by 26 percent in 2012 compared to the year before.Read More
Morgan Hikes Stake in Fortress, Which Controls Nationstar, to 5.1 Percent February 6, 2013 Paul Muolo Morgan Stanley recently increased its ownership stake in Fortress which in turn controls a large block of Nationstar stock.Read More
Nationstar, in a Bid to Diversify, Agrees to Buy Settlement Services Division From Equifax February 6, 2013 Paul Muolo Nationstar Mortgage has agreed to buy the settlement services unit of Equifax.Read More
Short Takes: First Guarantys MSRs Hit $1.5 Billion / Fear of Higher Net Worth Rules for GSE Sellers / FHFA Watchdog Looking For Tips on Fannie and Freddie Abuses / Genworth MI Continues to Struggle February 6, 2013 Paul Muolo and Charles Wisniowski First Guaranty is experiencing strong growth in its servicing business. Meanwhile, lenders worry about higher net worth requirements from the GSEs.Read More
Sued by DOJ, S&P Was Top Rating Agency of Subprime MBS During Go-Go Years February 5, 2013 Paul Muolo Standard & Poor's, which had a huge ratings market share tied to subprime MBS, was sued by the government for negligence. Read More
Bank Known for Its Entertainment Business Enters Warehouse Space February 5, 2013 Paul Muolo City National Bank of Los Angeles is entering the mortgage warehouse business.Read More
Ally Says It Will Portfolio Jumbos February 5, 2013 Paul Muolo Ally Bank will originate and keep jumbo mortgages in the bank's portfolio. Read More
Short Takes: FHAs Delinquency Count: $133 Billion? / Fannie and Freddie Not Needed? / Federal Reserve: No Loosening of Credit Standards February 5, 2013 Paul Muolo and Charles Wisniowski FHA is looking at $133 billion of troubled mortgages.Read More
HLSS May Purchase MSRs From Outside Parties February 4, 2013 Paul Muolo HLSS may branch out and buy mortgage servicing rights from companies other than Ocwen. Read More