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HARP Loses Steam in Late 2012, Securitization of Underwater Loans Slows

February 1, 2013
John Bancroft
Fannie Mae and Freddie Mac saw a noticeable decline in HARP activity during the final months of 2012, according to a new Inside MBS & ABS analysis.
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FHFA Has Yet to Award Large ‘Request for Proposal’

February 1, 2013
Paul Muolo
A large and potentially lucrative RFP issued several months ago by FHFA regarding its strategic plan for taking the GSEs to the next stage in their evolution has yet to be awarded.
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‘New’ GSE Policy Offers Relief to Underwater Borrowers

February 1, 2013
Charles Wisniowski
Underwater homeowners who have remained current on their payments will be able to relinquish their houses and cancel their debt under the terms of a new GSE policy change to take effect in March.
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CFPB to Offer ATR Guidance Hotline for Lenders

February 1, 2013
Brandon Ivey
The CFPB soon will offer a hotline for lenders to call with questions about the ability-to-repay and “qualified mortgage” rules.
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Because of Court Ruling, CFPB Has No Authority Over Nonbanks?

February 1, 2013
Paul Muolo
The recent court ruling which called into question the legitimacy of certain recess appointments – including that of CFPB director Richard Cordray – also means the agency may not have any regulatory oversight over nonbanks.
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Good News for QM Servicers?

February 1, 2013
Paul Muolo
It appears the “ability-to-repay” rule is good news for mortgage servicers.
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Originations Hit Two-Year High

February 1, 2013
John Bancroft, George Brooks, and Paul Muolo
Residential production increased modestly during the fourth quarter of 2012, according to a new Inside Mortgage Finance ranking and analysis.
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Treasury’s Stegman: White House Wants Input from Industry on GSE Plan

February 1, 2013
Brandon Ivey
An Obama administration official stressed that the White House is working to craft a comprehensive plan for housing finance reform but wants input from industry participants.tasked with crafting a plan to reform the government-sponsored enterprises provided a strong response yesterday to criticism of the White House’s lack of progress on GSE reform.
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Fannie Mae Speeding up Seller/Servicer Approvals?

February 1, 2013
Paul Muolo
Fannie Mae appears to be getter faster in approving seller/servicer approvals.
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FHA Chief Galante Warns Against False Advertising

February 1, 2013
George Brooks
FHA chief warns against false advertising.
Read More
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