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Short Takes: Nationstar Lays Groundwork for Another BofA MSR Deal / PHH Revises Warehouse Agreement with RBS / The Fed Will Keep Gobbling Up MBS / The CFPB’s Cordray is Finally Street Legal / An OIG For CFPB?

July 17, 2013
Paul Muolo and Thomas Ressler
Nationstar Mortgage is issuing $250 million of debt, hinting that it may buy more MSRs from Bank of America.
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MBA Wants a Common GSE MBS, More

July 16, 2013
Charles Wisniowski
The MBA believes that the Treasury Department – despite being the GSEs’ single biggest shareholder – has been absent on Fannie/Freddie reform since early 2011.
Read More

Consumer Complaints to CFPB About Mortgages Decline

July 16, 2013
Thomas Ressler
The numbers suggest that after seven quarters of complaints being received by the CFPB, mortgage lenders are getting a better handle on complaint resolution.
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FHFA OIG Wants Performance Measures on G-Fee Hikes

July 16, 2013
Paul Muolo
In 2012 single-family g-fees allowed Fannie Mae and Freddie Mac to collect $12.5 billion from its seller/servicers.
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FHA Solvency Bill Has Support – But Will it Pass?

July 16, 2013
George Brooks
Among other things, the bill would allow FHA to make changes to the reverse mortgage program by mortgagee letter rather than legislation.
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Mortgage Master Continues Lending Dominance in Bay State

July 16, 2013
Paul Muolo
Mortgage Master continued its dominance in Massachusetts mortgage lending. Jumbo loan production swelled by 65 percent.
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Short Takes: Cordray Confirmed as CFPB Chief? / LPS Looked at Buying Mortgage Cadence / Joe Garrett Tells Lenders to Cut Now / Allonhill Starts Hiring / Fannie Says Market Could Move Toward ARMs

July 16, 2013
Paul Muolo and Thomas Ressler
Accenture is making major inroads in the residential finance space with its purchase of Mortgage Cadence. Meanwhile, Fannie says market could move toward ARMs.
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Non-Agency Jumbo Issuance Rises in 2Q; But Is a Slowdown on the Way?

July 15, 2013
Brandon Ivey
Mortgage firms issued $4.34 billion of non-agency jumbo MBS in the second quarter of 2013, with deals from five issuers, both quarterly highs in the new non-agency era.
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Ginnie Mae Plan for MBS Integration Coming Soon

July 15, 2013
George Brooks
Some Ginnie Mae investors, however, have voiced concern about the MBS conversion process, particularly its costs.
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Warehouse Available for Private-Money Mortgages?

July 15, 2013
Paul Muolo
Warehouse lenders hold the key to liquidity in the non-prime and private money sectors.
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