Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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News

Ocwen’s Erbey: Lawsky hold has frozen all MSR deals

HLSS reports 1Q net income of $43.7M
April 17, 2014
HLSS Chairman William Erbey says the New York Department of Financial Services’ indefinite hold on the $2.7 billion MSR deal between Ocwen Financial and Wells Fargo put a freeze on all MSR deals in the market.
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The states and cities with the most underwater homes

RealtyTrac breaks down the trouble hotspots
April 17, 2014
But where are they? And how do they breakdown? HousingWire will walk you through it.
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Bank CEO banned for buying condo with TARP money

Used $381,487 to buy himself a condo in Florida
April 17, 2014
According to the Federal Reserve Board, former bank CEO Darryl Woods took $381,487.45 of TARP funds to purchase a condo for himself in Fort Meyers, Fla.
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Morgan Stanley annual 1Q earnings increase 55%

April 17, 2014
Morgan Stanley recorded a first quarter surge in earnings with a 55% increase as higher revenue from its institutional securities business augmented another strong quarter from wealth management.
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Jobless claims remain at 7-year low

41% lower than same week last year
April 17, 2014
The 4-week moving average of unemployment claims is 312,000, which is the lowest since October 2007.
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Palisades to oversee Oaktree's mortgage assets

April 17, 2014
Palisades will serve as the credit manager of pools of single family residential loans held in more than thirty individual securitization trusts beneficially owned by Oaktree, representing over $3.2 billion of unpaid principal balance.
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Mortgage slowdown hits BB&T earnings

Just misses with 1Q net income of $501M
April 17, 2014
Following a trend in first quarter earnings for banks thus far, BBT saw a serious decline in mortgage activity.
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Freddie Mac: Mortgage rates fall two weeks straight

Investors flock to U.S.
April 17, 2014
Mortgage rates fell for the second week straight, as investors seek safety in U.S. Treasuries and mortgage bonds, assisting homebuyer affordability during the spring home buying season.
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Fifth Third earnings reflect stagnant mortgage growth

1Q net income falls to $309 million
April 17, 2014
Fifth Third Bancorp’s first-quarter earnings reflect a flat period for mortgage originations and less money coming in from mortgage banking revenue.
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17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline
April 16, 2014
Fully 9.1 million U.S. residential properties were seriously underwater, representing 17% of all properties with a mortgage in the first quarter, according to RealtyTrac’s U.S. Home Equity & Underwater Report for the first quarter of 2014.
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