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IFG of Pennsylvania Begins Cutting Staff, Firm Will Transition to New Platform

September 17, 2013
Paul Muolo
It appears that Integrated Financial Group of Pennsylvania is the latest victim of the mortgage downturn.
Read More

Fannie Names Former Barclays Executive to Head Common Securitization Platform

September 17, 2013
Paul Muolo
Who better than a former Wall Street executive to manage Fannie Mae's role in the common securitization platform project?
Read More

Essent Changes Mind, Decides to Go Public After All

September 17, 2013
Paul Muolo
First, National MI files to go public, now Essent. One might assume the mortgage insurance industry is red hot.
Read More

Short Takes: GSE Earnings Could Fade / Eminent Domain Moves Forward in California But… / Will PHH Sell Fleet Division? / Appraisers Getting Stiffed by AMCs / Large Lender has IT Snafu?

September 17, 2013
George Brooks and Paul Muolo
Fannie Mae and Freddie Mac will not earn a ton of money forever. Or will they?
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Mortgage Buybacks Decline to Lowest Level in Four Years

September 16, 2013
John Bancroft
Mortgage buybacks can vary significantly among seller/servicers because it’s driven by business and legal processes rather than current market dynamics.
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CFPB’s Finalized Mortgage Rules Reflect Industry Input

September 16, 2013
Thomas Ressler
Certain provisions of the loan originator compensation rule – such as those having to do with record retention, anti-steering and compliance and procedures – kick in January of 2014.
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Mortgage Securitization Rates Remain Sky-High

September 16, 2013
John Bancroft
Despite growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through the GSEs and Ginnie Mae.
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Fannie Names Terry Edwards COO; He May Get Common Securitization Platform Oversight

September 16, 2013
Paul Muolo
Terry Edwards has received high marks for his accomplishments at Fannie Mae. But can he get the CSP off the ground?
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Bulk MSR Deals From IMA, Phoenix and Prestwick

September 16, 2013
Paul Muolo
Bulk offerings of mortgage servicing rights, even new production, are now plentiful.
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Short Takes: Wanted, East Coast Mortgage Banking Firm / Wells Continues to Offer ‘Cheap’ Jumbos / Where Does Yellen Sit on QE3? / Rising Rates, No Big Deal / Single-Family REO, a New Asset Class?

September 16, 2013
Paul Muolo and Thomas Ressler
Mortgages banking firms are still in demand, but pricing may fall. And at Wells Fargo, it's jumbo rates remain cheaper than GSE rates.
Read More
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