Michael Lewis on the absurdity of Wall Street

Michael Lewis on the absurdity of Wall Street

Flash Boys author dishes on money, distrust, and what makes a good story

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S

Items Tagged with 'Nationstar'

ARTICLES

Solutionstar adds to senior leadership

Mark Johnson and Matt Slonaker named vice president
Ben Lane
Solutionstar named Mark Johnson as executive vice president of valuations and Matt Slonaker as senior vice president of business development. Soultionstar President Shawn Stone said that the company is excited to have Johnson and Slonaker join the Solutionstar team.
Read More

Nationstar recovers from "neutral" to "buy"

Sterne Agee upgrades the nonbank
Levi Shultz
According to Nationstar’s spokesman, John Hoffman, the company became one of the largest mortgage servicers in the U.S., boasting a reverse mortgage portfolio of $28.9 billion UPB as of March 31, 2014.
Read More

Fitch: Rise of nonbank servicers threatens private-label RMBS

Top five nonbank servicers now handle 64% of all private-label securities
Ben Lane
The rise of nonbanks presents heightened risks to investors, Fitch Ratings said in a new report. “In contrast to large commercial bank servicers, most nonbank servicers, including most of the current top five, have a weaker financial profile and are currently rated non-investment grade or are not publicly rated by Fitch.”
Read More

Norm Fitzgerald joins National MI as senior vice president of field sales

Was SVP of correspondent lending at Nationstar
Ben Lane
During his time at Nationstar, Fitzgerald built and launched the company’s correspondent lending channel and grew the correspondent platform to become one of the country’s top ten correspondent lenders in less than a year.
Read More

Nationstar completes exit from reverse mortgage origination business

Remains focused on the servicing side
Jacob Gaffney
Business is booming at Nationstar Mortgage. And that's a business that no longer includes the origination of reverse mortgages.
Read More

The vindication of Nationstar Mortgage

Solutionstar to become "TurboTax of real estate"
Jacob Gaffney
Our exclusive chat with Nationstar CEO Jay Bray follows up on his March profile in HousingWire magazine, where he explained the structure of the company and how it could reorganize to meet the challenges of the mortgage markets. The company's 2Q results prove Bray was right all along.
Read More

Nationstar posts 2Q profits of $67M, up a whopping 174% over 1Q

Beats expectations and regulatory pushback in second quarter
Trey Garrison
Second-biggest nonbank MSR reports quarterly net income of $67 million for the second quarter, a 174% increase over the $24 million in the first quarter 2014, despite regulatory pushback and scrutiny.
Read More

Monday Morning Cup of Coffee: BofA mortgage woes piling up

Nonbanks under the gun; Homebuyers getting older
Trey Garrison
Bank of America still trying to get unstuck from the mortgage bond tar, interest rates have a 5.3% target rate, and home price growth slows to 4.6% projected growth for 2014.
Read More

Ocwen's regulatory burdens send up red flags and drive down stock price

Analysts lower price target, Citi drops buy recommendation
Trey Garrison
Heightened regulatory burdens and compliance costs continue to drag on Ocwen Financial a day after its second quarter earnings are announced.
Read More

S&P: Prime jumbo RMBS advance rates nose-dive

Subprime rates stabilize
Ben Lane
"Bank servicers, such as Wells Fargo and JPMorgan Chase, have maintained a high (more than 90%) level of advancing on prime jumbo collateral," the analysts write. "However, nonbank servicers, such as Nationstar and Ocwen, have advance rates that are substantially lower and have been steadily declining over the past six months."
Read More