Lower GSE Loan Limit Announcement Coming Soon, NAR Wants Meeting with FHFA September 18, 2013 Paul Muolo If FHFA lowers the Fannie Mae/Freddie Mac loan limit, will that business shift over to the FHA?Read More
Purchase-Mortgage Market Facing Affordability Issues September 18, 2013 Brandon Ivey Analysts are now suggesting that higher interest rates along with rising home prices will constrain housing affordability. Read More
Essent Changes Mind, Decides to Go Public After All September 17, 2013 Paul Muolo First, National MI files to go public, now Essent. One might assume the mortgage insurance industry is red hot.Read More
Short Takes: GSE Earnings Could Fade / Eminent Domain Moves Forward in California But / Will PHH Sell Fleet Division? / Appraisers Getting Stiffed by AMCs / Large Lender has IT Snafu? September 17, 2013 Paul Muolo and George Brooks Fannie Mae and Freddie Mac will not earn a ton of money forever. Or will they?Read More
IFG of Pennsylvania Begins Cutting Staff, Firm Will Transition to New Platform September 17, 2013 Paul Muolo It appears that Integrated Financial Group of Pennsylvania is the latest victim of the mortgage downturn.Read More
Fannie Names Former Barclays Executive to Head Common Securitization Platform September 17, 2013 Paul Muolo Who better than a former Wall Street executive to manage Fannie Mae's role in the common securitization platform project?Read More
MSR Valuations Rebounded Sharply in Second Quarter September 17, 2013 John Bancroft The top 20 bank and thrift mortgage servicers all reported increases in their MSR valuations, according to exclusive figures from Inside Mortgage Trends. Read More
OCC Revises Guidance on REO, Including Exchange of Participation Interests September 17, 2013 Brandon Ivey The Comptroller is warning against a bank engaging in an exchange of participation interests in REO without first consulting with the regulator. Read More
Short Takes: Wanted, East Coast Mortgage Banking Firm / Wells Continues to Offer Cheap Jumbos / Where Does Yellen Sit on QE3? / Rising Rates, No Big Deal / Single-Family REO, a New Asset Class? September 16, 2013 Paul Muolo and Thomas Ressler Mortgages banking firms are still in demand, but pricing may fall. And at Wells Fargo, it's jumbo rates remain cheaper than GSE rates. Read More
Fannie Names Terry Edwards COO; He May Get Common Securitization Platform Oversight September 16, 2013 Paul Muolo Terry Edwards has received high marks for his accomplishments at Fannie Mae. But can he get the CSP off the ground?Read More