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FHA Gives Up More Business to Private Mortgage Insurers

September 11, 2013
George Brooks
Will private mortgage insurance firms continue to steal market share from the FHA? It certainly looks that way.
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Maxine Waters to Counter Hensarling’s PATH Act With Her Own GSE Bill

September 11, 2013
Charles Wisniowski
Maxine Waters is working on a GSE reform bill that likely will garner strong industry support, unlike Rep. Hensarling's PATH Act.
Read More

Richmond, CA, Hasn’t Yet Given Up on Eminent Domain

September 11, 2013
Thomas Ressler
The city council’s favorable vote represents a rare notch in the win column for MRP, which has suffered numerous defeats in local jurisdictions across the nation, likely at a substantial loss to the firm’s financial backers.
Read More

Two Harbors Looking to Partner with Servicers on MSR Purchases

September 11, 2013
Brandon Ivey
Two Harbors revealed that it sold several billions of dollars’ worth of agency MBS in the third quarter as the assets became less attractive with rising rates. The proceeds will be used to buy MSRs.
Read More

Pingora Hopes to Have $5 Billion in MSRs by Yearend

September 11, 2013
Paul Muolo
When it comes to mortgage servicing rights, Pingora has been a busy bee. It bought Gilpen Mortgage and has been an active bidder on several packages.
Read More

Short Takes: A 50 Percent DTI on a Jumbo? / Five Years Ago Uncle Sam Placed the GSEs Under Marshall Law / Life After Lehman Brothers / Some Ugly Application Numbers / Penny Mac Still Hungry for NPLs

September 11, 2013
Paul Muolo
It's been five long years since Uncle Sam seized Fannie Mae and Freddie Mac. Is time to give them back to shareholders?
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Stonegate to Create Non-Agency Jumbo MBS Shelf this Year

September 10, 2013
Brandon Ivey
Not only is Stonegate Mortgage going public, but it plans to issue jumbo MBS as well.
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HLSS Prepares $350 Million Servicer Advance Receivable ABS

September 10, 2013
Brandon Ivey
With the deal, $5.3 billion in mortgage servicer advance ABS will have been issued this year, according to the rating service.
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FHLB Chicago Enters the Ginnie Mae Issuance Business

September 10, 2013
Charles Wisniowski
The program is intended to provide smaller mortgage lenders that lack direct access to the secondary mortgage market with another option for their home buying customers.
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HUD IG Says Agency Challenged on Oversight

September 10, 2013
Thomas Ressler
Over the years, HUD has seen a steady decline in its staffing level – perhaps to its lowest level ever, in fact – while at the same time being called upon to administer an increasing number of programs.
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