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Are Nonbanks Aggressively Courting LOs From The Megabanks?

March 26, 2013
Paul Muolo
One loan officer was lured away by an offer of making $20,000 per month, Inside Mortgage Finance was told.
Read More

Feds Scramble to Fulfill Dodd-Frank, Despite Hiring Binge

March 26, 2013
Thomas Ressler
In spite of the influx of new human resource assets, banking regulators have a mixed effectiveness when it comes to compliance with their own Dodd-Frank obligations.
Read More

Moody’s Critical of AAA Ratings on Chase’s Jumbo MBS

March 26, 2013
Brandon Ivey
Moody’s said the JPMorgan Mortgage Trust 2013-1 has a weak representations and warranties framework, a restrictive rep and warrant enforcement mechanism and a lack of risk retention by Chase.
Read More

IG Slams FHFA For Lack of Monitoring on How It Oversees Contractual Compliance

March 26, 2013
Charles Wisniowski
When Fannie Mae and Freddie Mac work with counterparties, they have contractual agreements that loans sold to them comply with federal and state laws governing the origination and servicing of mortgage loans.
Read More

IG Expected to Issue Results of Two CFPB Audits by Month’s End

March 25, 2013
Thomas Ressler
Even though the Consumer Financial Protection Bureau is an independent agency, that doesn't mean it gets a pass on IG audits.
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Banks, Thrifts Hike Their Holdings of First- Lien Mortgages

March 25, 2013
Brandon Ivey
Holding fixed-rate mortgages in portfolio was considered a dangerous practice for depositories, but no more.
Read More

FHLB MPF Xtra Program Has Explosive Growth in 2012

March 25, 2013
Charles Wisniowski
The FHLB's MPF Xtra program – an alternative to the legacy Mortgage Partnership Finance program – saw volumes spike to $6.9 billion in 2012.
Read More

Ex-Encore Chief Daurio Says He Has $100 Million in Commitments for Subprime

March 25, 2013
Paul Muolo
A third non-agency, nonprime lender may come into being this year.
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Senate Passes Budget, Including Ban on Using G-Fees for Non-Fannie/Freddie Expenditures

March 25, 2013
Paul Muolo
As part of the budget, an amendment passed the Senate that would prevent any hike in g-fees for non-housing issues.
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Short Takes: Phyllis Caldwell, FHFA Chief? / No Independent IG for CFPB? / Two Harbors Raises More Money / No Word on MBS M&A

March 25, 2013
Paul Muolo and Thomas Ressler
Who is Phyllis Caldwell, and why is she being mentioned for the FHFA job?
Read More
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