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Short Takes: Nationstar Mortgage Directors Clean Up / Flagstar Selling MSRs / Walter Wants to Keep Some Secrets / BofA’s Hit on Countrywide: $41 Billion / CFPB Deputy Director Meets the Hill

April 16, 2013
Paul Muolo and Thomas Ressler
Four non-management directors at Nationstar Mortgage earned almost $1.5 million last year. Meanwhile, it appears Flagstar is selling some of its MSRs.
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FHFA’s Two-Year HARP Extension Curbs Prospects of Menendez-Boxer Bill Passage

April 16, 2013
Charles Wisniowski
The industry is happy that the Home Affordable Refinancing Program has been extended, but it also means that 'HARP 3.0' might not come anytime soon.
Read More

Auction of Nonperforming Loans by Fannie Mae on Hold?

April 16, 2013
Paul Muolo
It appears that Fannie Mae is dialing back on its plan to sell nonperforming residential loans.
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Originations at Top 100 Grew by 31 Percent Last Year, Nonbanks Have Strongest Growth

April 16, 2013
Paul Muolo
Nonbank lenders had the strongest growth last year in terms of new originations, according to new figures compiled by Inside Mortgage Finance.
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Prestwick Selling MSRs, Offerings Keep Coming

April 15, 2013
Paul Muolo
The market for residential servicing rights is picking up a full head of steam with several packages out for bid.
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Short Takes: Will Congress Glom Onto Fannie and Freddie Earnings? / Questions About Loan Officer Compensation / Former MBS Chief Pleads Guilty / Carrington Expands in Wholesale

April 15, 2013
Paul Muolo
Now that Fannie Mae and Freddie Mac are earning a ton of money, who will have a say over what happens to that cash?
Read More

GSE Buybacks Fell in 2012, Is the Scourge Ending?

April 15, 2013
John Bancroft
Loan repurchases by seller/servicers fell last year, a sign that the worst of this problem may be over for the industry. Or is that wishful thinking?
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House Democrats Look to Begin GSE Reform Process

April 15, 2013
Brandon Ivey
Rep. Maxine Waters, the ranking minority member of the House Financial Services Committee, believes that now is "precisely the time to think about how we can reshape the secondary mortgage market."
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If Mark Zandi Gets the FHFA Job, GSE Reform Could Come Within Two Years

April 15, 2013
Charles Wisniowski
It appears that well known economist Mark Zandi is indeed a candidate to head the Federal Housing Finance Agency. But will the White House actually nominate him?
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Residential Fundings Rise at Citigroup, Bank Marks Up MSRs Too

April 15, 2013
Paul Muolo
Although the nation's largest lender, Wells Fargo, saw residential fundings slip in the first quarter, Citigroup had a gain.
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