Inside Mortgage Finance

News from Our Industry Newsletters

January 27, 2012

Dems to Keep Pressing FHFA on Principal Reduction

Despite the Federal Housing Finance Agency’s release of a long awaited study justifying its position against the writedown of underwater...... from Inside The GSEs

January 20, 2012

MetLife Quits FHA Lending, Remains an FHA Servicer

MetLife Home Loans (MHL), one of the top FHA-approved mortgage lenders and FHA servicers, has quit the loan origination business and stopped...... from Inside FHA Lending

January 6, 2012

Non-Mortgage Securitization Posts Solid Recovery In 2011, But MBS Production Fell Short of 2010

The securitization market produced $1.182 trillion of new residential MBS in 2011, a sharp 16.6 percent decline from the year before,...... from Inside MBS & ABS

December 16, 2011

Banks Differ on Portfolio Lending Strategies

Servicing and delinquency issues in recent years have prompted three of the four major bank portfolio lenders to decrease their focus on...... from Inside Nonconforming Markets

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January 13, 2012

GSE MBS Business Booms in Late 2011

Fannie Mae and Freddie Mac issued $261.59 billion in single-family mortgage-backed securities during the fourth quarter of 2011, a booming...... from Inside The GSEs

January 12, 2012

Fed’s Mortgage Policy Rampage Raises Eyebrows, Underscores Persistence of Housing Recession

It started last week with an unsolicited white paper outlining “a framework for thinking about certain issues and tradeoffs that...... from Inside Mortgage Finance

December 16, 2011

Reporting Flaws May Have Led to Exposure Inaccuracies

Ginnie Mae may have reported potentially inaccurate data to Congress about its exposures because estimates were not based on the best...... from Inside FHA Lending

September 16, 2011

Liquidating Trusts: A Viable Financing Option

Mortgage lenders and servicers with large portfolios of seriously delinquent home loans have turned to “liquidating trust”...... from Inside Mortgage Trends

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February 3, 2012

Outlook Murky for Bulk REO Sales to Investors

Investors have expressed a keen interest in programs that would facilitate bulk sales of real estate-owned properties. However, few are...... from Inside Nonconforming Markets

February 3, 2012

Agency MBS Issuance Cools Slightly in January Despite Gains in Freddie and Ginnie Programs

Freddie Mac saw a substantial increase in its single-family MBS program from December to January, but overall agency MBS production declined...... from Inside MBS & ABS

February 2, 2012

House GOP Bill Would Mandate Fair-Value Federal Budget Accounting to Fannie, Freddie Mortgage Market

Fannie Mae and Freddie Mac would be brought “on budget” by adding the two government-sponsored enterprises’ outstanding...... from Inside Mortgage Finance

January 27, 2012

Distressed Sales Still Shape Market

If there was any question about what was driving the housing market in 2011, some year-end housing numbers have provided two clear answers:...... from Inside Mortgage Trends

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February 3, 2012

Regulatory Complexity Threatens to Stall MBS/ABS Market Recovery, Experts Say

While a major regulatory concern of the past few years – the risk-retention rule – has yet to be resolved, the industry is squaring...... from Inside MBS & ABS

February 3, 2012

Indemnification Rule Augurs Hard Time for Lenders

With the recent issuance of streamlined regulations on lender indemnification, mortgagees participating in the FHA Lender Insurance program...... from Inside FHA Lending

February 2, 2012

Mortgage Lending Trade Groups Ask HUD to Delay Fair Lending Proposed Rule Before Supreme Court Hearing

A group of six real estate finance trade organizations has called upon the Department of Housing and Urban Development to hold off on...... from Inside Mortgage Finance

January 27, 2012

House Dems Want Obama to Appoint New FHFA Head

California Democrats, including many in the state’s congressional delegation, would like the current head of the Federal Housing Finance...... from Inside The GSEs

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January 27, 2012

New Chair Will Run Fin Services Committee Next Year

No matter which political party controls the House during next year’s 113th Congress, there will be a new House Financial Services...... 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

December 16, 2011

Will GSE Regulator Give Ground on Principal Reductions For Fannie Mae and Freddie Mac Distressed Mortgages?

While Federal Housing Finance Agency Acting Director Edward DeMarco has been steadfast in his refusal to consider principal reductions for...... from Inside MBS & ABS

November 18, 2011

REITs Taking Different Non-Agency MBS Paths

A number of real estate investment trusts – besides Redwood Trust – are hoping to issue non-agency mortgage-backed securities in the...... from Inside Nonconforming Markets

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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

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September 29, 2011

Redwood Still Flying New Non-Agency MBS With Just One Rating, But That’s All It Takes

Redwood Trust issued its second non-agency MBS of the year this week with just one rating, a sign of dramatic change in the role of credit...... from Inside MBS & ABS

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