Ocwen’s road ahead: Well, can't get any worse

Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?

Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

Still, confidence remains high

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators
W S

Investments

Tricon American Homes joins burgeoning single-family rental securitization market

Initial offering receives AAA ratings from Morningstar, KBRA
Ben Lane
There’s a new face in the single-family rental securitization market — Tricon American Homes. The company began acquiring U.S.-based single-family rentals in April 2012, and is preparing its first single-family rental securitization.
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7 point plan to make Fannie and Freddie something everyone could live with

You don't have to go home, but you can't stay here
Trey Garrison
A conservatorship is supposed to be a temporary thing, but we're now running on six-and-a-half years since Fannie Mae and Freddie Mac collapsed — it’s time to get something going.
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Moody’s: Super-priority lien warning positive for Freddie Mac’s latest securitization

Benefit limited to newest and future risk-transfer deals
Trey Garrison
The FHFA issued a statement warning last week that federal law prohibits state courts from involuntarily extinguishing Fannie and Freddie liens to give precedence to so-called “super-priority” liens. This will have an impact, but maybe not on everything you want it to. Read on to find out the limits.
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Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?
Trey Garrison
How close is Ocwen to extricating itself from the mess of its own making, and can it alter the course enough to ride out the rest of the storm? On Thursday, we'll see how they did in their first post-Erbey quarter, and if things are going to plan.
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Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

Still, confidence remains high
Trey Garrison
With 1.2 million buyers missing from the marketplace, something is wrong. But where is the real problem? Also, the interest rate and mortgage bond outlook, home prices, industry confidence and more.
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Investors still bullish on single-family rental market

Highlights from IMN Single-Family Rental Investment Forum
Lynn Effinger
While some recent downward pressure on yields experienced by the much larger institutional investors has somewhat tempered the enthusiasm surrounding single-family rentals, investors are still bullish on the performance of the new asset class.
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NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops
Ben Lane
The next shoe has dropped in New Residential Investment’s acquisition of Home Loan Servicing Solutions. The company announced late Friday that it received a letter earlier in the week from NASDAQ, which stated that the stock exchange is delisting Home Loan Servicing Solutions, effective at the opening of business April 29, 2015.
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Five Oaks breaks into jumbo mortgage bonds

Launches first securitization
Ben Lane
After participating in two jumbo mortgage bond offerings brought by other issuers in 2014, Five Oaks Investment Corp. is launching a jumbo mortgage bond of its own. The offering, which will be issued as Oaks Mortgage Trust Series 2015-1, is backed by 383 mortgages with a total balance of approximately $267.2 million.
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Market demand causes Freddie Mac to upsize first actual loss STACR deal

STACR Series 2015-DNA1 increased from $720 million to $1.01 billion
Ben Lane
Citing market demand, Freddie Mac increased the size of its latest Structured Agency Credit Risk series offering, which gives investors the opportunity to secure actual loss positions for the first time. Here are the details.
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D.R. Horton reports $147.9M net income in 2Q on strong orders

Builder sees 33% surge in orders in first part of 2015
Trey Garrison
The nation's largest homebuilder surprised in its first quarter with gains and now with its second-quarter report it beat analyst expectations and will please its shareholders. Here's what happened.
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