The tension between regulators and those in the mortgage servicing space is colored by mistrust of motive, fear of overreaction, and the general worry that perhaps, in some cases, regulators don't fully understand the very industry under their aegis.
FBR Capital Markets take a detailed look at the world of MSRs – the regulations, the risks, and the rewards – especially given a hostile regulatory environment and questions about what else could be coming down from Capitol Hill.
The “regulator with zeal” heading New York’s Department of Financial Services says Ocwen Financial has a “number of potential conflicts of interest” with other public companies it’s dealing with, and he wants his questions answered.
Melvin Luther Watt quietly slid into his office as the first appointed director of the Federal Housing Finance Agency. It was the end of last year, in mid-December. Christmas was coming and the markets were in the middle of the harshest winter in years. As he took over the office of Acting Director Ed DeMarco — himself the unassuming lightning rod for the nation’s housing policy — Watt gave no indication of what he intended to do with his new position; arguably the most powerful job in mortgage finance..
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing. Read More
Like oxygen, warehouse lending is one of the mortgage industry’s essential life-supporting elements. And fortunately, the warehouse segment is in much better health today than it was six years ago, as we are back up to around 70 warehouse lenders at my last count. Read More