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Short Takes: A Record Production Month for One Lender / Another LLPA Change From Fannie Mae / Trouble for Altisource Residential? / Auction.com Updates Forecast / Former Fannie Chief Mudd Appears in Court

April 1, 2015
Paul Muolo
Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...
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High Credit Score Mortgages Continue to Dominate GSE Lending

March 31, 2015
John Bancroft
Mid-range credit scores – from 700 to 739 – accounted for 21.3 percent of Fannie and Freddie business last year.
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Of All the Ocwen Affiliates, Altisource Hit the Hardest

March 31, 2015
Paul Muolo
To understand the plight of the publicly traded REO vendor, you first have to understand where it came from...
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ICBA Asks CFPB for ATR ‘Safe Harbor’ for Community Banks

March 31, 2015
Thomas Ressler
ICBA also suggested extending QM exceptions to more community banks by raising the threshold number of loans small lenders can originate each year.
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Short Takes: Looser Credit, for Real? / When in Doubt, Sell Whole Loans / How Did 1Q15 Shape Up? / Nationstar Provides More Details on Stock Sale / First Key's New SFR Deal

March 31, 2015
Paul Muolo
Reliance recently was approved for credit by a Wall Street wholesale lender that does 10 percent down, no-mortgage insurance loans...
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Certain Cities See Nice Recovery in Home Values, But Maybe Too Much

March 31, 2015
Carisa Chappell
In some cities, future price gains may be hard to come by, especially if home flippers and investors bolt.
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Mortgage Origination Profits Looking Rosy?

March 31, 2015
Paul Muolo
Meanwhile, according to interviews conducted by IMFnews with certain warehouse consultants, profits have been quite good during the first quarter...
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Newer GSE Loans Account for Biggest Share of Unresolved Buyback Claims

March 30, 2015
John Bancroft
Mortgage companies repurchased or provided indemnification to Fannie and Freddie on some $4.046 billion of mortgages during 2014.
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Banks Shift Tactics on Loan Modifications, Reducing Use of Interest Rate Reductions

March 30, 2015
Brandon Ivey
Loan modification tactics varied based on whether a mortgage was serviced for Fannie/Freddie or was non-agency in nature.
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FHFA Likely To Leave G-Fees Unchanged. As for LLPAs…

March 30, 2015
Paul Muolo
Few lenders are counting on a reduction in the current “ongoing” GSE fee, which increased from 13 basis points in 2009 to 40 bps in 2013.
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