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?Read More
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...Read More
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...Read More
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.Read More
Brokers and Correspondents Key Players in 3Q MBS Surge November 17, 2014 John Bancroft Although Wells Fargo officially exited the broker market two years ago, it apparently still does a tiny amount of business through the channel.Read More
FHFA’s Watt Testifies Before Senate Panel This Week; FHLB Membership a Key Topic? November 17, 2014 Charles Wisniowski The senate panel is expected to ask questions on guaranty fees and the common securitization platform as well.Read More
Sources: PIMCO Invests in Nonprime Lender Citadel Servicing Corp. November 17, 2014 Paul Muolo According to Citadel’s website, it offers five different loan matrices, which have credit grades ranging from A down to C.Read More
MSR Deals Keep Coming; A $1.2 Billion Flow Deal From Phoenix November 17, 2014 Paul Muolo MIAC is out with a new $73 million Fannie package and MountainView and The Prestwick Group are working on transactions as well.Read More
Short Takes: Former FHFA Chief Blasts Mortgage Industry / Who’s Behind the HIC? / More Relief From FHA / Ocwen’s Stock Recovers Slightly / Venable Hires Ex-Hensarling Staffer November 17, 2014 Paul Muolo and Charles Wisniowski So, which groups are behind the "housing-industrial complex"? DeMarco isn't naming names...Read More
FHA’s Mutual Mortgage Insurance Fund in the Black by $4.8 Billion November 17, 2014 George Brooks The FHA’s annual independent actuarial review of the MMIF showed a capital reserve of 0.41 percent at Sept. 30, 2014.Read More
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