The Inside Mortgage Finance "Mortgage Beat" blog is no longer updated. Please visit our new daily news page, IMFnews for the latest updates on the mortgage industry.

What We’re Hearing

January 10, 2013

Inside Take:

As we noted earlier in the week, Bank of America will sell plenty more in the way of residential mortgage servicing rights this year. But how much more? According to the new issue of Inside Mortgage Finance, how does upwards of $400 billion sound? Will PennyMac be a buyer this time around?

We know that BofA is a repo lender to PennyMac and that over the past year the publicly traded REIT has hired many former bank employees, including correspondent and warehouse officials. Stay tuned and see the story on the IMF website.

 

Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results