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Volume 2014 - Number 3

January 31, 2014

News Briefs

Ocwen Financial agreed to purchase the servicing rights on $39.2 billion of mortgages from Wells Fargo. The mortgages included in the deal are largely in non-agency mortgage-backed securities. Ocwen will pay $2.7 billion. The Obama administration renewed calls for Congress to approve legislation that would establish a refinance program for non-agency borrowers. The administration has been pushing for a non-agency refi program since at least early 2012 but Republicans in Congress ... [Includes three briefs]

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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