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Banking Chair Hensarling Slams Obama Administration for FHA’s Condition

February 6, 2013
Thomas Ressler
Lawmakers worry about FHA's financial condition during Wednesday hearing.
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Short Takes: First Guaranty’s MSRs Hit $1.5 Billion / Fear of Higher Net Worth Rules for GSE Sellers / FHFA Watchdog Looking For Tips on Fannie and Freddie Abuses / Genworth MI Continues to Struggle

February 6, 2013
Paul Muolo and Charles Wisniowski
First Guaranty is experiencing strong growth in its servicing business. Meanwhile, lenders worry about higher net worth requirements from the GSEs.
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Morgan Hikes Stake in Fortress, Which Controls Nationstar, to 5.1 Percent

February 6, 2013
Paul Muolo
Morgan Stanley recently increased its ownership stake in Fortress which in turn controls a large block of Nationstar stock.
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Nationstar, in a Bid to Diversify, Agrees to Buy Settlement Services Division From Equifax

February 6, 2013
Paul Muolo
Nationstar Mortgage has agreed to buy the settlement services unit of Equifax.
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FHA to Track HFA Sources of Downpayment Assistance

February 6, 2013
George Brooks
The Federal Housing Administration is cracking down on down payment assistance programs, tracking the source of gift money.
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Correspondent Loans Sold to Fannie and Freddie Rise

February 6, 2013
Paul Muolo and John Bancroft
Residential mortgages sourced through the correspondent channel and sold to Fannie Mae and Freddie Mac increased by 26 percent in 2012 compared to the year before.
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Short Takes: FHA’s Delinquency Count: $133 Billion? / Fannie and Freddie Not Needed? / Federal Reserve: No Loosening of Credit Standards

February 5, 2013
Paul Muolo and Charles Wisniowski
FHA is looking at $133 billion of troubled mortgages.
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Bank Known for Its Entertainment Business Enters Warehouse Space

February 5, 2013
Paul Muolo
City National Bank of Los Angeles is entering the mortgage warehouse business.
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FHFA: GSEs Have Developed a Prototype of Securitization Platform

February 5, 2013
Brandon Ivey
Fannie Mae and Freddie Mac have developed a prototype of its standard securitization platform.
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Ally Says It Will Portfolio Jumbos

February 5, 2013
Paul Muolo
Ally Bank will originate and keep jumbo mortgages in the bank's portfolio.
Read More
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