2 reasons the single-family rental securitization market won’t exceed $20 billion

Should mortgage technology and data be universally shared?

Yes, and no

Structural changes, oversight and second-lien reform critical for PL MBS

The game has to be changed to bring back private label capital

Items Tagged with 'Compass Point'


Compass Point: Refi burnout hurting Walter Investment

Reiterates “sell” rating and lowers target price by 20
Ben Lane
Citing increasing operating costs and declining profit margins, Compass Point Trading & Research said that Walter Investment is headed towards a poor 2014 and an even worse 2015.
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Compass Point puts it out there: Mortgage banking will improve in 2Q

Optimism tempered with data isn’t easy to swallow, or to ignore
Trey Garrison
Compass Point Research & Trading analysts aren’t letting the really bad, horrible news from the first quarter get them down. They are stating it definitively – mortgage banking results in the second quarter will be better.
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What will Ocwen do with its big pile of cash?

Ocwen to potentially venture outside of mortgage servicing
Brena Swanson
“We believe the company is close to announcing it will be expanding into another area beyond mortgage servicing, such as title insurance or other consumer servicing," Compass Point said.
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PHH decision to sell fleet business divides analysts

Compass Point: Best-case scenario for PHH is sale of entire company
Ben Lane
“One of the main reasons to own the stock would be to realize the value in both the fleet AND the mortgage segments,” analysts from Compass Point said.
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Jeffries downgrades Nationstar from buy to hold

Part of a nonbank trend?
Ben Lane
Jefferies analyst Daniel Furtado said, “In our view NSM needs to deliver on 3 key initiatives for company guidance to be met, with cooperation also needed on the regulatory front.”
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Compass Point downgrades Walter Investment to sell

Trey Garrison
Compass Point Trading & Research has downgraded Walter Investment Management to “sell” and the target price lowered to $23 with margin pressure through the rest of 2014.
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Compass Point analyst raises Nationstar price target to $35

Remains neutral as NSM has "a lot of wood to chop"
Trey Garrison
In a note to clients, Compass Point Research & Trading says it remains neutral on Nationstar Mortgage Holdings, but it is raising its price target to $35, up from $30.
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Moody's: Here's why PHH should not sell fleet business

3 options for future of company
Jacob Gaffney
Moody's said it is concerned the sale of the fleet business would "weaken the company's franchise strength and result in a business with a more concentrated revenue base."
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Why is Nationstar sitting pretty when Lawsky is on its back?

Opportunities and warnings abound for servicer
Trey Garrison
Nationstar is under a lot of scrutiny, the latest being a double-dose of good and bad news – a nod from Compass Point on opportunities for the Texas firm in the 2015 federal budget, and a warning from New York state’s top financial regulator.
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Homeowners with more equity want to improve their homes

But gaining home equity lines of credit is now more difficult
Christina Mlynski
Homeowners are watching their home equity levels rise, but tapping into this pool of home equity to finance remodeling projects remains difficult in today's lending environment.
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