EverBank to Close its Wholesale Broker Mortgage Business July 30, 2013 Brandon Ivey Everbank is closing its wholesale business with mortgage brokers.Read More
Mortgage Origination Volume Held Steady in 2Q13 July 30, 2013 John Bancroft Mortgage production volume remained steady in the second quarter amid a growing purchase-mortgage market.Read More
FHLBank Earnings Increase During First Six Months of 2013 July 30, 2013 Charles Wisniowski Combined net income for the 12 Federal Home Loan Banks jumped during the first six months of 2013.Read More
Vitter Directs FHA to Submit Key Solvency Docs July 30, 2013 George Brooks Sen. Vitter seeks documents from the FHA.Read More
Short Takes: Fannie SVP Touts GSEs Whole-Loan Conduit Issuance/ Senate Committee to Mark Up FHA Bill/ Ruling Due Soon on CFPBs Motion to Dismiss Cordray Challenge Lawsuit July 30, 2013 Thomas Ressler and Charles Wisniowski A Fannie SVP noted that the GSE's whole-loan conduit allowed 1,100 lenders to deliver loans to Fannie for cash in 2012.Read More
Senate Likely to Take Up Mortgage Issues this Week July 29, 2013 Brandon Ivey The Senate appears likely to vote on a number of mortgage-related issues this week.Read More
Merkley Introduces Bills to Expand HARP, Again July 29, 2013 Charles Wisniowski Sen. Jeff Merkley, D-OR, is continuing his pursuit to expand the Home Affordable Refinance Program to non-agency borrowers.Read More
House Panel Passes Measure That Would Override CFPB Rules July 29, 2013 Thomas Ressler The House committee again approved legislation taking aim at mortgage rules established by the Consumer Financial Protection Bureau.Read More
Unidentified Lenders Account For Growing Share of Jumbo MBS July 29, 2013 Brandon Ivey Small, unidentified lenders are accounting for an increasing share of contributions to non-agency jumbo mortgage-backed securities.Read More
Short Takes: Freddie CFO Stresses GSE's 'True Value' / Fortress Fund Seeks MSRs / Whole Loan Purchase / New Policy Advisor at ASF July 29, 2013 Brandon Ivey Freddie Mac's CFO said the "true value" provided by the government-sponsored enterprises isn't billions of dollars in profits. Meanwhile, firms continue to pursue mortgage servicing rights.Read More