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Tax ‘Extender’ Coming for Mortgage Insurance?

July 2, 2014
Charles Wisniowski
A tax "extender" for mortgage insurance would help an already-healthy MI industry.
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GSE Business Rebounds in 2Q as Purchase Mortgages Gain Strength

July 2, 2014
John Bancroft
Fannie Mae and Freddie Mac issued $141.83 billion of single-family MBS during the second quarter, an encouraging 9.4 percent increase from the dreary levels recorded in the first three months of 2014.
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Will Reperforming Mortgages Wind Up in MBS?

July 2, 2014
Paul Muolo
Then again, there are different definitions of what constitutes a “re-performing” mortgage. Most of the loans trading in this market are modified loans that have six to 12 months of seasoning and a clean cash-flow history.
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Will FHFA Capital Rules for Nonbank Servicers Alter the MSR Purchase Market?

July 2, 2014
Paul Muolo
Nonbank capital rules from the FHFA will add certainty to the MSR market, but there will plenty of indigestion along the way.
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Servicing Advisor Phoenix Capital Buys Whole Loan Trader

July 2, 2014
Paul Muolo
Phoenix Capital said it has worked with Steel Mountain executives on different projects for 20 years.
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Short Takes: Who’s the Mystery Nonbank Singled Out by the FHFA IG? / Nonbank Mortgage Stocks Suffer, Then Recover (Sort of) / The Loch Ness Monster and HELOC Resets / Applications Fall Ever So Slightly / HSBC is the Latest to Settle

July 2, 2014
Paul Muolo and Charles Wisniowski
It should be noted that after the FHFA IG report was released, the share value of Nationstar, Ocwen and Walter all suffered in trading...
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The RESPA Enforcement ‘Respite’ Is Over

July 2, 2014
Thomas Ressler
The Consumer Financial Protection Bureau is picking up where HUD left off, and then some, said one senior attorney.
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CFPB Blames ‘Compliance’ for Huge Renovation Costs; Tsk, Tsk

July 2, 2014
Thomas Ressler
Oh, the irony: tough compliance regulations drive up the cost of renovating the HQ of the Consumer Financial Protection Bureau.
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Mortgage Sales by Banks Plummeted in Early 2014

July 2, 2014
John Bancroft
The sale of mortgages by banks took it on the chin in the first quarter. Lower originations is one explanation but are banks keeping more of their own production?
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NAMB Surveying Mortgage Brokers on Credits Granted; $2 Billion in 2013?

July 2, 2014
Thomas Ressler
NAMB estimates that during the same year brokers nationwide rebated upwards of $2 billion to consumers at the closing table.
Read More
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