Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
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Items Tagged with 'Ocwen'

ARTICLES

Legg Mason's Miller bullish on subprime servicers like Nationstar

Sees growth opportunity, not danger
April 10, 2014
Legg Mason chairman and chief investment officer Bill Miller told CNBC’s Squawk Box that Legg Mason is bullish on big subprime mortgage servicers like Nationstar and Springleaf.
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Nationstar continues growth under regulator spotlight

Nonbanks doing better with MSRs than banks
April 9, 2014
The big nonbank servicers have been caught in the regulatory spotlight over concerns they don’t have the capacity to properly and fairly service the mortgages they handle. Turns out, the nonbanks are doing a much, much better job than the banks.
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4 reasons Lawsky is wrong about Ocwen

Sterne Agee: Complaints without substance
March 28, 2014
A recent detailed and exhaustive review by Sterne Agee of the issues raised by the New York Department of Financial Services suggests that most of the complaints raised by the DFS in a letter to Ocwen are without substance.
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Christopher Whalen: So what is today's nonbank business model?

Regulatory pressures amount to legalized extortion
March 28, 2014
So far 2014 is turning into a mixed bag for nonbank financial firms focused on the mortgage sector. And it's not likely to change given the current regulatory attitude that amounts to nothing short of the legalized extortion of the mortgage business.
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Is Benjamin Lawsky only going to get more aggressive?

Ballard Spahr says industry hasn’t seen anything yet
March 27, 2014
In a note to clients, Ballard Spahr warns that the head of the New York State Department of Financial Services is only going to get more aggressive in his crusade against perceived wrong-doers.
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RMBS servicers finally getting a break?

Advance rates rebounding with home price gains
March 26, 2014
The decline servicer advancing rates suffered over the last several years is leveling off and servicers could see a positive change in trajectory – at least by modest degrees – as home price gains of 20% since 2012 upped recovery values for servicers.
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Altisource operations compared to Hitler's inner circle on YouTube

Is this really necessary?
March 21, 2014
Perhaps Glaucus forgot the original origins of the film, why it was made, and the deep meaning it brought to the legions of filmgoers who can appreciate the power of art to highlight what is perhaps the darkest tragedy of modern humankind. Or maybe it was more, like, "Hitler parody for Ocwen, like, OMG, LMAO," over there at Glaucus.
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Christopher Whalen: The single biggest question facing the mortgage space

There are no easy answers
March 17, 2014
So if you are in an auction with a bunch of stupid money who just want to put assets to work and thereby earn a management fee, do you bid aggressively – above the true value of the assets – or do you stand back and let the clown win the auction?
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Nonbanks get boost in trading from Hayman going big on Nationstar

HW 30 gains as investment banks drop on JPMorgan warning
March 14, 2014
A warning from JPMorgan Chase on first-quarter revenues for big investment banks and a big investment in Nationstar Mortgage by Kyle Bass’ billion-dollar hedge fund made big impacts on several in the HW 30 index.
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Why did Hayman Capital bet big on Nationstar?

Kyle Bass' hedge fund snaps up 4.76 million shares
March 14, 2014
Hayman Capital bought up 4.76 million shares, or 5.3%, of the financial firm’s stock in the first quarter of 2014 on belief in strength of nonbank servicers.
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