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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.
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Sued by DOJ, S&P Was Top Rating Agency of Subprime MBS During Go-Go Years

February 5, 2013
Paul Muolo
Standard & Poor's, which had a huge ratings market share tied to subprime MBS, was sued by the government for negligence.
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Year of Record Profits Ends Softly as Mortgage Banking Slowed in 4Q12

February 4, 2013
John Bancroft
Mortgage bankers of all sizes continued to report strong earnings on their mortgage banking operations during the fourth quarter of 2012, but the salad days may be over.
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HLSS May Purchase MSRs From Outside Parties

February 4, 2013
Paul Muolo
HLSS may branch out and buy mortgage servicing rights from companies other than Ocwen.
Read More
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