Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

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Byron Wien still holds his line

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"Better agents make for better advertisers"
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Items Tagged with 'MSRs'

ARTICLES

$1 billion Fannie Mae bulk MSR portfolio coming to market

Seller is “well-known” and “established”
June 17, 2014
The loans carry a weighted average note rate of 4.11% and have zero delinquencies.
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Benjamin Lawsky just made it easier to be a mortgage banker in New York

Sometimes he offers you a carrot, not just the stick
June 5, 2014
It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers…especially those in New York. Lawsky’s office has just made your lives much easier.
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Ocwen names new chief financial officer

15-year GE veteran Michael Bourque takes over for John Britti
May 19, 2014
Bourque, 36, is set to take over for John Britti, who was the company’s previous executive vice president and CFO. During the company’s first-quarter earnings conference call on May 1, the company announced that Britti had been promoted to chief investment officer.
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3 endgames for nonbank servicers in regulatory spotlight

S&P sees three possible scenarios for Ocwen, Nationstar, Walter
May 2, 2014
Standard & Poor’s Rating Services primary credit analyst Stephen Lynch says that while it's difficult to predict what may result from such regulatory scrutiny and related actions, he sees three potential scenarios arising, each of which may differ in their impact on the creditworthiness of U.S. nonbank mortgage servicers.
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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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