Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S

Items Tagged with 'KBW'

ARTICLES

Did FHFA’s Watt open the door to ending Fannie, Freddie conservatorship?

Civil rights groups join calls to bring GSEs out from nest
Trey Garrison
When Federal Housing Finance Agency Director Mel Watt spoke before the Senate Banking Committee on Wednesday he opened the door to the possibility of ending the GSE conservatorship.
Read More

KBW upgrades Nationstar on second look at MSRs

Sterne Agee lowers FY2014 EPS estimate
Trey Garrison
Nationstar Mortgage Holdings is getting a little more love after its rough time last week following its announcement of declining revenue for the third quarter.
Read More

KBW: Here’s where mortgage earnings fell short

Future looks a little better
Brena Swanson
Now that the majority of mortgage bank earnings are in, the results are nowhere close to last year’s record levels. Here’s a chart of exactly where earnings missed the mark.
Read More

KBW: Single-family REO market tops $25 billion

Asset class growing more institutionalized
Trey Garrison
A client note from Keefe, Bruyette & Woods says that major institutional players have now invested $25 billion in the single-family rental market, acquiring some 150,000 properties nationwide.
Read More

Investors Unite: We have not yet begun Fannie, Freddie fight

Appeals, other suits in play despite Lamberth ruling
Trey Garrison
The judicial dismissal of a lawsuit brought in District Court by Perry Capital and Fairholme Funds is definitely a setback, but the shareholders fighting against the federal government’s sweep of profits from the GSEs say they are down, but not out by a long shot.
Read More

KBW: 2Q mortgage banking earnings down YOY

Nonbanks see stronger gains as banks leave space
Trey Garrison
With many of the major banks and nonbanks in the mortgage space having reported their second quarter earnings and more coming this week, mortgage banking earnings generally increased quarter-over-quarter, but this was off of the low base set with the first quarter drop.
Read More

KBW, FBR relatively bullish on mortgage originations

Expectations down from start of 2014 but optimistic on 2Q bounce
Trey Garrison
Despite a rough start to 2014, two major research and analysis firms are bullish on mortgage banking despite diminished expectations for overall volumes in 2014.
Read More

KBW: Plan to wind down GSEs will fail

Analysts say GSEs' survival chances keep improving
Ben Lane
KBW’s analysts predict that the Treasury will eventually shift its focus from winding down the GSEs to seeking to unwind its investment in the companies. But the analysts said that this shift could take several years.
Read More

Colony rental securitization prices

Investor demand sparks "positive" return
Sarah Wheeler
Moody's provisional ratings of the rental securitization deal was cited by the analysts as one of the reasons for the pricing, noting that it added "institutional credibility" to the deal. Kroll Bond Ratings and Morningstar also provided similar ratings.
Read More

Here's the reaction to the latest Fannie, Freddie reform proposal

Waters' plan joins three others already in consideration
Ben Lane
With the release of GSE reform legislation from Representative Maxine Waters, there are now four different proposals to wind down Fannie and Freddie and create a new mortgage market structure in the U.S. But have we reached the saturation point of GSE reform proposals?
Read More