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Short Takes: Will Mel Watt or Mel Martinez Head FHFA? / Freddie Mac Tries to Help Lenders Prevent Buybacks / CoreLogic: Completed Foreclosures Decline / First Guaranty Hires TPO Chief

April 30, 2013
Paul Muolo
The White House continues to search for someone to head the FHFA. But will it ever officially introduce a candidate? Mel Watt's name has come up again.
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PennyMac's Mortgage Banking Arm Files Updated IPO Documents

April 30, 2013
Paul Muolo
PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.
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FSOC Says MBS-Investing REITs are ‘Highly Exposed’ if Rates Rise Quickly

April 30, 2013
Brandon Ivey
Publicly traded REITs that invest in MBS "borrow short" and "lend long." But is that a problem? It might be, says FSOC.
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Freddie Exec: Common Securitization Platform Builders Face ‘Very Consequential Decisions'

April 30, 2013
Charles Wisniowski
It's not easy building a common securitization platform, so writes a Freddie Mac executive in a new blog posting.
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Known for its Jumbo Prowess, Union Bank Branches Out into Conventional Conforming

April 30, 2013
Paul Muolo
Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.
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SunTrust Mortgage Executive Seth Sprague Departs

April 30, 2013
Paul Muolo
Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital.
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Despite Shrinking Profit Margins, Bank Mortgage Earnings Hold Steady

April 29, 2013
John Bancroft
Banks are still making nice profits off their residential lending and servicing businesses, but 4Q12 may turn out to be a peak in the cycle.
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Freddie to Retire Software for Handling Delinquent Mortgages

April 29, 2013
Charles Wisniowski
Freddie Mac is phasing out a software package that helps with the servicing of delinquent loans, a move that could help private sector technology vendors.
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Mortgage Lenders Still Have Issues with CFPB’s Ability-to-Repay Rule

April 29, 2013
Thomas Ressler
Loan officer compensation to individual originator employees is included in the calculation of the QM’s 3 percent limit on points and fees but the industry believes this is double counting.
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Cole Taylor Will Continue to Buy MSRs, New Call Center About to Open

April 29, 2013
Paul Muolo
Cole Taylor Mortgage, which has grown its servicing portfolio ten-fold in the past year, is now an active Ginnie Mae issuer.
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