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FHFA Seeks Oversight of MSR Transfers North of 25,000 Mortgages

December 12, 2013
Paul Muolo
Want to sell a large chunk of MSRs? If it's Fannie Mae/Freddie Mac product you'll have to run the deal past the FHFA.
Read More

FHFA Abruptly Cancels Policy Briefing on MI Eligibility Rules

December 12, 2013
Paul Muolo
Officials close to the matter said the MI policy briefing was cancelled due to Senate approval of a new permanent director to the agency, Mel Watt, a former North Carolina Congressman.
Read More

Short Takes: HUD Unveils its QM Rule / Who Sold Those MSRs to Walter? / Stonegate Will Take On 200 Nationstar Employees / Trulia Sells Senior Notes / A Housing Boom in 2014?

December 12, 2013
Paul Muolo and George Brooks
In certain ways, HUD’s "qualified mortgage" definition is less restrictive than the CFPB edict, including setting no limit on a borrower’s debt-to-income ratio.
Read More

Borrower Fraud Could Increase Because of New QM Requirements

December 12, 2013
Brandon Ivey
“We are expecting to see people trying to inflate their income or hiding and downplaying their monthly obligations,” said Interthinx's Ann Fulmer.
Read More

Senate Banking Committee: Okay, So No GSE Bill This Year, Maybe Next

December 12, 2013
Charles Wisniowski
Senior lawmakers in the Senate said they remain “bullish” on moving legislation to the floor sooner rather than later in 2014.
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Outstanding Mortgage Debt Grows for First Time Since the Housing Bust

December 12, 2013
John Bancroft
Mortgage debt outstanding is on the rise again after after five long years of winter. Should mortgage servicers pop the champagne?
Read More

$114 Billion of MSRs on the Auction Block

December 11, 2013
Paul Muolo
A ton of new servicing deals have hit the market. But will regulatory scrutiny throw a monkey wrench into the transactions?
Read More

Short Takes: A $20 Billion Investment in Subprime? / Nationstar May Go REIT / TD Bank Likes ‘Piggyback’ Mortgage Structures / ARMs Make a Comeback / Wipro Paid How Much for Opus?

December 11, 2013
Paul Muolo
Investors hunger for yield. And what better place to get it than in the new breed of subprime mortgages.
Read More

G-Fee Hike Avoided in Budget Deal; Senate Approves Watt as FHFA Director

December 11, 2013
Paul Muolo
Industry trade groups feared a 10 basis point increase in the g-fee from a budget deal.
Read More

USDA Allows More Lenders to Participate in Rural Home Loan Program

December 11, 2013
George Brooks
The changes are part of an extensive overhaul aimed at boosting the rural housing market, increasing the availability of rural home loans and spurring the construction of new homes in rural areas.
Read More
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