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FHFA Spearheading Effort on Capital Standards for Nonbank Servicers

July 1, 2014
Paul Muolo
But it’s not just talk of capital standards for nonbanks that has some in the industry spooked – it’s the issue of what constitutes capital.
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FHFA IG Worries About Nonbank Servicers Using Short-Term Loans, More

July 1, 2014
Paul Muolo
The FHFA IG seems to be singling out one nonbank megaservicer in particular. But the Inspector General isn't naming names...
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The FHLBs and MBS: The Love Affair Continues

July 1, 2014
Charles Wisniowski
The largest holder of MBS among the 12 regional banks is the Federal Home Loan Bank of San Francisco with $22.02 billion.
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Mortgage M&A Heats Up: Sale of CTM Nears; HomeStreet Sells $3B of MSRs; MIAC Active

July 1, 2014
Paul Muolo
There has been plenty of talk about mortgage M&A, and now it appears that deals are finally happening.
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CFPB Should Make ‘Right to Cure’ Easier for Assignees

July 1, 2014
Thomas Ressler
For such assignees, the bureau would select one of the following alternative periods for the right to cure: 270 days after loan delivery, or 120 days after such assignee’s discovery of non-compliance.
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Short Takes: Wells Fargo in Repo Deal with Ocwen Spin-off / New Capital Rules for Mortgage Insurers? / In Non-QM Loans We Trust / Don’t Fear the HELOC Reaper / Radian Completes Clayton Deal / USB Settles FHA Charges

July 1, 2014
Paul Muolo
Will a coming boom in the production of non-qualified mortgages help residential lenders survive the origination slump?
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Biggest Chunk of Fannie/Freddie Business Doesn’t Need MI

June 30, 2014
John Bancroft
The most profitable business for Fannie and Freddie is loans with high credit scores and LTV ratios of 60 percent or less.
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HAMP Program Extended to the End of 2016, At Least

June 30, 2014
Brandon Ivey
Treasury Secretary Jacob Lew acknowledged that HAMP hasn’t been as successful as the Obama administration would have liked.
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‘Chairman’ Shelby Might be Friendly to GSE Shareholders

June 30, 2014
Charles Wisniowski
Sen. Shelby is an Alabama Republican with a populist streak who is no friend of the GSEs, but he may side with shareholders of the two companies who are getting shafted by Treasury “sweeps.”
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MSR Values at Roughly Two-Times Historical Levels; a $50B Auction Coming?

June 30, 2014
Paul Muolo
To participate in the MSR market, institutional investors must partner with licensed and compliant servicers.
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