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Short Takes: Did BofA Yank a Big Subservicing Contract? / No Word From Wingspan CEO This Time / Ethos Bullish on Loan Brokers / Black Knight Hires CTO

October 8, 2014
Paul Muolo
Ethos Lending, a QM and non-QM lender, is marketing itself to third-party loan officers as the “broker advocate."
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A Small but Growing Market: MBS Backed by Nonperforming Mortgages

October 8, 2014
Brandon Ivey
Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private."
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Legal Expert Blasts Judge’s Ruling in GSE ‘Net Worth Sweep’ Case

October 8, 2014
Charles Wisniowski
New York Law School professor Richard Epstein took issue with Judge Lamberth’s ruling that HERA doesn’t take away any “cognizable property rights.”
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Carrington Eliminates Broker Underwriting Fee; Signs of a Price War?

October 8, 2014
Paul Muolo
In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.
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GAO: Difficult to Evaluate FHFA on G-Fees Due to Lack of Clearly Stated Goals

October 8, 2014
Brandon Ivey
Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?
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Ginnie Scrutinizing ‘Changes of Control’ More Closely, Guidance on the Way

October 8, 2014
Paul Muolo
More clarity on the matter is expected later this month when Ginnie is set to release new guidance at the annual convention of the Mortgage Bankers Association.
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The ‘Brain Drain’ at the GSEs Will Continue. Here’s Why

October 7, 2014
Charles Wisniowski
Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?
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Treasury Resisting Calls to Increase Scrutiny of HAMP Servicers

October 7, 2014
Brandon Ivey
The watchdog arm of Congress noted that the Treasury hasn’t implemented 6 out of 24 recommendations relating to housing programs funded by the Troubled Asset Relief Program.
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Non-QM Market Won’t Take Off Unless Warehouse Banks Line Up

October 7, 2014
Paul Muolo
There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.
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$600 Million of Fannie/Freddie and FHLB MSRs Up for Grabs

October 7, 2014
Paul Muolo
In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.
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Latest Imf News

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