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Senate Banking Chair Urges Watt and Treasury to End GSE Conservatorships

November 19, 2014
Paul Muolo
The two GSEs have been in conservatorship for six-plus years now, with no legislative solution to their future in sight.
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CFPB Warns Mortgage Firms on How they Treat Borrowers with Disability Income

November 19, 2014
Thomas Ressler
The new bulletin discusses standards and guidelines on verification of disability income, including those under the CFPB’s ability-to-repay rule.
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MIAC Auctioning Off $908 Million Fannie/Freddie Portfolio

November 19, 2014
Paul Muolo
With roughly six weeks left in 2014, some mortgage firms are rushing to sell MSRs as a way to bolster fourth quarter profits.
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Short Takes: Any G-Fee News? No / Keeping an Eye on MSR Sales / Why Realtors Will Live Forever / California Home Sales Nothing Special / Jeb Will be Back, Hensarling At Least

November 19, 2014
George Brooks, Paul Muolo, and Charles Wisniowski
After a servicing sale closes, the GSEs must monitor each transaction to make sure the transfer of receivables took place in a timely manner and more…
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Mortgage Banking Income Softened in 3Q Despite Origination Surge

November 18, 2014
John Bancroft
For the first nine months of 2014, the group reported $10.94 billion in net mortgage-banking income, a stunning 43 percent decline from the same period in 2013
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Cerberus-Backed FirstKey to Issue its First Jumbo MBS

November 18, 2014
Brandon Ivey
The top contributor to the new jumbo MBS from FirstKey is CMG Financial with a 13.8 percent share. Cornerstone, Bank of Internet and Impac also provided product.
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Fannie Continues to Loosen Rules; 990 Days for a Foreclosure in New York

November 18, 2014
Paul Muolo
Fannie Mae recently loosened its credit standards on condominium loans. What's next?
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FHFA: Extensive ‘Testing’ Underway at Common Securitization Platform

November 18, 2014
Charles Wisniowski
In 2015, the team at the GSE common securitization platform will focus on implementation of the remaining software components...
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Short Takes: Obama Won’t Give Up on Killing the GSEs / Redwood Sells Debt / More Ocwen Customer Complaints / Carrington Bolts ARMs / The Return of Mike Baldwin

November 18, 2014
Brandon Ivey and Paul Muolo
Republicans have never been big fans of the GSEs and there’s plenty of Democrats who aren’t so sure about the government “guaranty” as well...
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Lower FHA Premiums? Dream On…

November 18, 2014
Paul Muolo
In a statement, Rep. Hensarling decried last year’s $1.7 billion “taxpayer-funded bailout” of the FHA.
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