Inside Mortgage Finance

News from Our Industry Newsletters

May 11, 2012

OIG Plans Audits of Single-Family Components

The Department of Housing and Urban Development’s Office of the Inspector General will begin internal audits later in 2012 on various...... from Inside FHA Lending

April 30, 2012

Financial Stability Board Issues Sound Underwriting Principles

The Financial Stability Board has published principles for sound residential mortgage underwriting practices, emphasizing that participating...... from Inside Regulatory Strategies

April 6, 2012

Mortgage Lenders Respond Poorly to Complaints

If mortgage lending profitability was directly correlated to an ability to respond satisfactorily to borrower complaints, a lot of mortgage...... from Inside Mortgage Trends

March 30, 2012

First-Lien Holdings Up, Performance Improves

Bank and thrift portfolio holdings of first liens increased in the fourth quarter of 2011 compared with the previous quarter, according to the...... from Inside Nonconforming Markets

News from Our Industry Newsletters

May 11, 2012

Independent Lenders Fill Void in MetLife's Wake

Home Equity Conversion Mortgage loans remain widely available, thanks to the independent lenders that rallied to plug the gaps as major...... from Inside FHA Lending

April 6, 2012

Former Fannie Execs File Motion To Dismiss SEC Fraud Lawsuit

Three former Fannie Mae executives, including the company’s one-time CEO, have petitioned a federal judge to toss the securities fraud...... from Inside The GSEs

March 30, 2012

Prudential Completes Unique Subprime MBS Sale

Prudential Financial this week issued a $1.0 billion bond to sell vintage subprime mortgage-backed securities. Analysts described the bond as...... from Inside Nonconforming Markets

February 21, 2012

Worth Noting

In response to a request from the Federal Trade Commission, a U.S. district court has banned a number of defendants from providing mortgage...... from Inside Regulatory Strategies

News from Our Industry Newsletters

May 17, 2012

Fannie, Freddie Report First Quarter REO Inventory Decline; FHFA Lowers Expectations on Rental Pilot

A decline in Fannie Mae’s inventory of single-family real estate owned homes coupled with improved REO sale prices played a significant...... from Inside Mortgage Finance

May 11, 2012

Non-Agency Market Dwarfed by GSEs, Industry Looks for Ways to Move Ahead

“The private market will never come back if the best deal for the private investor is the government,” Lewis Ranieri, chairman and...... from Inside Nonconforming Markets

May 11, 2012

Mortgage Bankers Push for Common MBS ‘Currency’ Making Fannie and Freddie MBS Interchangeable

The Mortgage Bankers Association is pushing a proposal to change the remittance schedule on Freddie Mac participation certificates and make...... from Inside MBS & ABS

March 23, 2012

Mortgage Industry Made Little Progress On Buyback Headaches During 2011

Mortgage lenders, private mortgage insurers and the government-sponsored enterprises remained at loggerheads on the nagging problem of loan...... from Inside Mortgage Trends

News from Our Industry Newsletters

May 17, 2012

Industry Views CFPB Pending Rule on L.O. Comp, Points, Fees Through Prism of Flawed Dodd-Frank

Mortgage lending industry representatives are apprehensive about how the underlying economics of originating a mortgage are going to be...... from Inside Mortgage Finance

May 11, 2012

OIG Plans Audits of Single-Family Components

The Department of Housing and Urban Development’s Office of the Inspector General will begin internal audits later in 2012 on various...... from Inside FHA Lending

May 11, 2012

GSEs Focused on HARP, New MBS Platform; Ginnie Mae Copes With New Issuer Demand

Fannie Mae and Freddie Mac reported robust activity in their expanded refinance programs for underwater borrowers, while Ginnie Mae is looking...... from Inside MBS & ABS

May 4, 2012

FHFA Feud Over GSE Writedowns Intensifies

The Federal Housing Finance Agency is still mulling over accepting principal reduction payments from the Treasury Department even as the...... from Inside The GSEs

News from Our Industry Newsletters

May 11, 2012

Two Harbors Sees Profits in ‘Cottage Industry’

Two Harbors Investment started acquiring residential properties to offer for rent during the first quarter of 2012, with officials at the real...... from Inside Nonconforming Markets

April 27, 2012

Ginnie Mae Servicers Off to Good Start in 1Q12

Combined servicing volume for the top 50 Ginnie Mae MBS servicers jumped to $1.23 billion in the first quarter of 2012 from $1.11 billion...... from Inside FHA Lending

April 20, 2012

GSE MBS Business Surges in 1Q 2012 Due to Refi

MBS Business Surges in 1Q 2012 Due to Refi GSE single-family securitizations leapt 16.2 percent during the first three months of 2012...... from Inside The GSEs

January 23, 2012

Regulatory Burden Cited as Biggest Issue for Originators

Regulatory burden will be the biggest issue for mortgage originators in 2012, according to recruiting firm Hammerhouse’s second annual...... from Inside Regulatory Strategies

News from Our Industry Newsletters

November 23, 2011

Mortgage Securitization Issuance in 3Q11 Lags Primary Market; Securitization Rates Slow

Residential mortgage securitization rates declined in the third quarter of 2011, but surging volume in the primary market will push new MBS...... from Inside MBS & ABS

September 29, 2011

FHA Can’t Stop Officers of Firms with Unresolved Indemnification Pacts from Reentering Market

Former executives of mortgage companies that failed to indemnify the Department of Housing and Urban Development on FHA losses are back in...... from Inside Mortgage Finance

May 9, 2011

DoJ, HUD Sue Deutsche Bank, MortgageIT, Eschew Admin.

The Department of Justice and the Department of Housing and Urban Development last week announced they had filed a civil mortgage fraud...... from Inside Regulatory Strategies

News from Our Industry Newsletters

July 15, 2011

Higher MIP Hurts FHA Lending, Lenders Say

Raising the annual mortgage premium by 25 basis points has resulted in some reduction in FHA lending but not so dramatic as to send lenders...... from Inside FHA Lending

May 19, 2011

Mortgage Market at a Glance

Weekly mortgage rates and application survey data as well as indexes for ARMs.... from Inside Mortgage Finance

April 22, 2011

Resecuritizations Continue to Dominate Non-Agency MBS Issuance, But New Rules May Get in the Way

With the flow of new jumbo mortgage securitizations still running at a trickle, the non-agency MBS market remains dominated by...... from Inside MBS & ABS