New home sales plummet 14.5% in March

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket

HUD’s Donovan: This is the worst rental crisis in this nation, ever

Says administration is very pleased with Johnson-Crapo
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Items Tagged with 'MSRs'

ARTICLES

Altisource stock yo-yo's after Lawsky’s callout

April 21, 2014
Altisource’s stock bounced all over the map after news of New York State’s Department of Financial Services Superintendent Benjamin Lawsky's letter broke on HousingWire.
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Lawsky demands answers about Ocwen, Altisource and Hubzu

Letter comes days after Ocwen CEO says Lawsky holding up MSRs
April 21, 2014
Things are heating up in the conflict between New York's top bank regulator and Ocwen Financial Services, just days after Ocwen's CEO said Lawsky's office is putting a freeze on the MSR marketplace.
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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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Ginnie Mae halts MSR transfer from BAC to nonbank

MSRs lack documents, firm says
April 16, 2014
American Banker has a great scoop on Ginnie Mae halting the transfer of MSRs from Bank of America.
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Mortgage operations suffer differently at JPMorgan and Wells Fargo

Analyst breaks down the difference
April 11, 2014
Wells Fargo and JPMorgan Chase reported their first quarter earnings. Mortgage operations continue to suffer at both, but in very different ways.
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Wells Fargo first quarter mortgage originations way down

Making money on MSRs
April 11, 2014
During the first quarter, residential mortgage originations were $36 billion, down from $50 billion in fourth quarter 2013 while the gain on sale margin was 1.61%, compared with 1.77% in the fourth quarter.
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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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Nonbanks changing RMBS, MSR servicing landscape

New normal: More aggressive loan mods, oversight
March 26, 2014
It’s been a year of great change and the new normal is emerging for RMBS servicers, especially those focusing on the severely delinquent mortgage loans segment.
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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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