Browse articles from all of our Newsletters related to MBS Accounting.
March 27, 2015 - Inside MBS & ABS
The Mortgage Bankers Association took issue this week with two proposals pending before the Basel Committee on Bank Supervision that could have negative repercussions on U.S. mortgage financing and on American homebuyers. Back in December, the Basel Committee put out a consultative document that included proposed revisions to its Standardized Approach for credit risk, including updated risk-weight calibrations. As applied to the U.S. ...
March 20, 2015 - Inside FHA/VA Lending
Issuer registration for Ginnie Maes Issuer Performance Scorecard has been somewhat slower than expected, according to agency officials. The reason is unclear but only about 70 issuers so far have registered for Ginnies Issuer Operational Performance Profile (IOPP) tool since its launch on Feb. 17, 2015. Officials said they need to sign two-thirds more to get the IOPP system up to full speed. In a recent outreach call, officials urged those issuers who have not yet registered to contact their security officers for authority to access the Ginnie Mae Enterprise Portal (GMEP), the gateway to the IOPP system. Issuers must first be enrolled in GMEP before their security officer can grant them authority to access the IOPP system. The IOPP, also known as the Issuer Performance Scorecard, will rate each issuers operational performance and default management and compare them to ...
March 6, 2015 - Inside FHA/VA Lending
Ginnie Mae will restate its FY 2014 and FY 2013 financial statements after federal auditors withheld their opinion for lack of sufficient information because of accounting anomalies and poor servicing oversight. An audit report issued by the Department of Housing and Urban Development Inspector General said the issues in the FY 2014 financial statement arose from servicing problems associated with a defaulted issuers portfolio, which Ginnie Mae is currently managing. The portfolio once belonged to the now-defunct Taylor, Bean & Whitaker, a Florida-based loan originator and a top Ginnie Mae issuer.The FHA suspended TBW in August 2009 due to its failure to submit a mandatory annual report and to disclose certain transactions that suggested fraud. Soon after, Ginnie Mae terminated TBW as an issuer/servicer and seized the companys $25 billion Ginnie MBS portfolio. According to the IG report, ...
- Top Players 4Q14
- Agency Channel Analysis: 2014
- GSE Seller Profile: 4Q14
- GSE Private Mortgage Insurance Profile 4Q14
- Mortgage Profitabiilty 3Q14
With the recent dip in interest rates, how do you feel about loan volumes this year?
- We see loan production ending 2015 flat compared to 2014.
- Were optimistic that our originations will rise by 10 to 20 percent year over year.
- Were really optimistic: We expect production to increase by 20 percent or better from last year.
- Were not so bullish. Originations for us may actually fall.
Most Popular Stories
- Increasingly, Real Estate Agents are Warming Up to Call-Center Lenders
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- Another Cross to Bear for Jumbo MBS: Investors Like GSE Risk-Share Deals Better
- Going, Going, Gone: HARP Volumes a Shadow of What They Used to Be
- Short Takes: Nationstar Hiring? / Ocwen for Sale? / Is it Safe for Nonbanks to Start Originating Seconds? / A Capital Break for MSRs? / Impac Posts Loss