News from Our Industry Newsletters

May 18, 2012

Obama Pushes Trio of Senate HARP Expansion Bills

The White House is backing a trio of Senate bills filed last week to expand the Home Affordable Refinance Program to an even wider circle of...... from Inside The GSEs

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

Industry Lists Concerns With CFPB Disclosure

An ad hoc coalition of mortgage lender trade group representatives rattled off a host of concerns it has with the draft proposals from the...... 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

News from Our Industry Newsletters

May 18, 2012

FHFA Bank MBS Lawsuits Survive Dismissal Motion

Look for the Federal Housing Finance Agency to press its multiple legal actions against many of the nation’s biggest issuers of...... from Inside The GSEs

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

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 18, 2012

As Investors Enter REO-to-Rental Bidding Process, S&P Suggests Consideration of REO Securitization

Converting real estate owned properties to rental units is still in its infancy but it could be a compelling asset type for investors. If...... from Inside MBS & ABS

May 18, 2012

Fed Studies Blunt GSE Role in Meltdown

Two separate working papers by Federal Reserve economists conclude that the two government-sponsored enterprises were not significantly...... from Inside Mortgage Trends

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

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May 18, 2012

FHFA Sees a Future Role for FHLBanks

The “scalability” of the nation’s 12 Federal Home Loan Banks as well as their demonstrated ability to access global markets...... from Inside The GSEs

May 18, 2012

New Lender Makes 1st Loan After 7 Months

Seven months after launching as a new wholesale and retail mortgage firm with national ambitions, Bexil American Mortgage originated its first...... from Inside Mortgage Trends

May 18, 2012

SIFMA Concerned FINRA Proposal Could Harm Market Participant Confidentiality

A proposal from the Financial Industry Regulatory Authority to begin disseminating data for agency MBS traded as specified pools could...... from Inside MBS & ABS

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

News from Our Industry Newsletters

May 18, 2012

Freddie’s New CEO Busts FHFA New Salary ‘Cap’

Freddie Mac’s new chief executive is expected to have his work cut out for him when he takes possession of the company’s corner...... from Inside The GSEs

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

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

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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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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