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Loans with Low Interest Rates in Latest Non-Agency Jumbo MBS from Credit Suisse

July 31, 2013
Brandon Ivey
Credit Suisse issued a non-agency jumbo MBS with loans seasoned an average of three months that had interest rates well below current rates.
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FHFA Withdraws Proposed Rule on PACE Liens After Appeals Court Victory

July 31, 2013
Charles Wisniowski
The Federal Housing Finance Agency withdrew a proposed rule it was forced to issue regarding Property Assessed Clean Energy programs after prevailing in court.
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Short Takes: Vote on Watt Delayed Again / Mortgage Applications Falling / GSEs Waiting on Combined RESPA/TILA Disclosure / Walter Inks MSR Deal for Reverse Mortgages

July 31, 2013
Brandon Ivey and Charles Wisniowski
The Senate won't vote on the nomination of Rep. Mel Watt, D-NC, for director of the Federal Housing Finance Agency, before leaving for its August recess.
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Harsh Reaction as Richmond, CA, is Close to Implementing Eminent Domain Plan

July 31, 2013
Brandon Ivey
Richmond, CA, is set to become the first city to implement the highly controversial eminent domain plan offered by Mortgage Resolution Partners.
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Senate Banking Committee Approves FHA Solvency Bill

July 31, 2013
George Brooks
The Senate Committee on Banking, Housing and Urban Affairs approved S.1376, the FHA Solvency Act of 2013, on a vote of 20-to-1.
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FHLBank Earnings Increase During First Six Months of 2013

July 30, 2013
Charles Wisniowski
Combined net income for the 12 Federal Home Loan Banks jumped during the first six months of 2013.
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Vitter Directs FHA to Submit Key Solvency Docs

July 30, 2013
George Brooks
Sen. Vitter seeks documents from the FHA.
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Short Takes: Fannie SVP Touts GSE’s Whole-Loan Conduit Issuance/ Senate Committee to Mark Up FHA Bill/ Ruling Due Soon on CFPB’s Motion to Dismiss Cordray Challenge Lawsuit

July 30, 2013
Thomas Ressler and Charles Wisniowski
A Fannie SVP noted that the GSE's whole-loan conduit allowed 1,100 lenders to deliver loans to Fannie for cash in 2012.
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EverBank to Close its Wholesale Broker Mortgage Business

July 30, 2013
Brandon Ivey
Everbank is closing its wholesale business with mortgage brokers.
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Mortgage Origination Volume Held Steady in 2Q13

July 30, 2013
John Bancroft
Mortgage production volume remained steady in the second quarter amid a growing purchase-mortgage market.
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