This chart proves mortgage credit availability isn’t improving

Zillow: Top 10 markets to buy and sell your home now

California takes over one list

Wealthier Americans mean a bigger bond market

More liquidity means more debt


ABS East: Lawsky has legacy MSRs “at a standstill”

No significant legacy MSR transfers since NYDFS froze Ocwen deal
Ben Lane
During a panel at ABS East, a massive conference on the securitization and secondary market taking place this week in Miami, one panelist said that the MSRs on the loans that make up the pre-crash residential mortgage-backed securitizations are “at a standstill,” without an end in sight.
Read More

LenderLive Network names new SVP

Charlie Kent brings 20 years of industry experience
Brena Swanson
LenderLive Network named Charlie Kent as the servicer’s new vice president of national sales for its settlement services division, where he will be responsible for developing new client relationships and supporting existing ones.
Read More

Fitch: Rise of nonbank servicers threatens private-label RMBS

Top five nonbank servicers now handle 64% of all private-label securities
Ben Lane
The rise of nonbanks presents heightened risks to investors, Fitch Ratings said in a new report. “In contrast to large commercial bank servicers, most nonbank servicers, including most of the current top five, have a weaker financial profile and are currently rated non-investment grade or are not publicly rated by Fitch.”
Read More

assure360 acquired by ARMA Acquisition

Company plans expansion of service offerings
Ben Lane
The company will now also offer mortgage insurance claims processing, legal and mortgage business process outsourcing services, and technology and document management for litigation law firms.
Read More

$835 million in bulk MSRs coming to market

Market continues to be considerably unfrozen
Ben Lane
"It’s an exceptionally clean GNMA portfolio, with a very low coupon and low delinquencies," said Robert Wellerstein, managing director at MountainView Servicing Group. "Given the high-quality product, portfolio size and experienced seller, we expect this package to garner a lot of interest among MSR buyers."
Read More

HomeStar Companies names Steve Hozie chief financial officer

Was formerly SVP of strategic financial planning at Wingspan
Ben Lane
In his new role, Hozie will have oversight of the company’s financial matters, including accounting, treasury, taxes, and financial planning and analysis.
Read More

Jackson & Associates law firm merges with The Wolf Firm

Two well-known mortgage industry law firms join forces
Paul Jackson
Robert J. Jackson & Associates, Inc, a California-based mortgage banking law firm, has merged with The Wolf Firm, a California law corporation, according to an internal memo obtained by HousingWire.
Read More

Community groups demand halt to HUD distressed loan sales

Claim: Sales to often unnamed buyers benefits Wall Street, not Main Street
Trey Garrison
Community organizations and struggling homeowners in 10 cities are rallying at local offices of the U.S. Department of Housing and Urban Development to call for a halt to a controversial program that auctions off delinquent loans to investors until problems with the program are fixed.
Read More

David Tiberio joins Avenue 365 as VP of default services

Tasked with establishing and building new relationships
Ben Lane
In the new role, Tiberio will be tasked with helping Avenue 365 enter into new national and mid-tier relationships with a primary focus on the single-family rental investors, servicers, banks and lender servicers, the company said.
Read More

Entra Default Solutions adds David Brown as SVP

Joins from Fidelity Default Resolution
Ben Lane
In his new role with Entra Default, Brown has been tasked with diversifying and expanding the company’s client base in addition to formulating strategies for managing complex, high liability transactions for the company.
Read More