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National MI to Insure $5.0 Billion Pool of Mortgages for Fannie Mae

August 1, 2013
Charles Wisniowski
Fannie Mae inked a risk-sharing deal with National MI.
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Nonbanks Continue Gaining Ground in Mortgage Servicing

August 1, 2013
John Bancroft
Bank of America continues to drop servicing and dropped to third in the ranking of servicers as of the second quarter of 2013.
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Senate Banking Panel Passes FHA Solvency Measure, Focus Now Turns to Larger Housing Finance Reform

August 1, 2013
The Senate Committee on Banking, Housing and Urban Affairs this week approved bipartisan legislation to strengthen FHA solvency and oversight authority over lenders, paving the way toward dealing with the larger issue of housing finance reform. Introduced by Committee Chairman Tim Johnson, D-SD, and Ranking Minority Member Mike Crapo, R-ID, the FHA Solvency Act (S. 1376) passed by a vote of 21-1. The approved bill included...
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Ocwen Prepares to Settle with State and Federal Regulators

August 1, 2013
Brandon Ivey
State and federal regulators appear to be close to getting more servicers to agree to a settlement similar to the $25 billion deal agreed to by five big banks.
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No Signs of Tapering Yet at the Fed

August 1, 2013
Thomas Ressler
After roiling markets with unclear signals about when it will begin to taper asset purchases, the Federal Reserve returned to boilerplate guidance.
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Short Takes: HUD to Reform Reverse Mortgages / Home Prices Continue to Increase / Potential Bernanke Replacements / Latest Numbers on State-Licensed Lenders

August 1, 2013
Thomas Ressler and Brandon Ivey
Congress passed legislation allowing HUD to reform the Home-Equity Conversion Mortgage program.
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Loans with Low Interest Rates in Latest Non-Agency Jumbo MBS from Credit Suisse

July 31, 2013
Brandon Ivey
Credit Suisse issued a non-agency jumbo MBS with loans seasoned an average of three months that had interest rates well below current rates.
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FHFA Withdraws Proposed Rule on PACE Liens After Appeals Court Victory

July 31, 2013
Charles Wisniowski
The Federal Housing Finance Agency withdrew a proposed rule it was forced to issue regarding Property Assessed Clean Energy programs after prevailing in court.
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Short Takes: Vote on Watt Delayed Again / Mortgage Applications Falling / GSEs Waiting on Combined RESPA/TILA Disclosure / Walter Inks MSR Deal for Reverse Mortgages

July 31, 2013
Brandon Ivey and Charles Wisniowski
The Senate won't vote on the nomination of Rep. Mel Watt, D-NC, for director of the Federal Housing Finance Agency, before leaving for its August recess.
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Harsh Reaction as Richmond, CA, is Close to Implementing Eminent Domain Plan

July 31, 2013
Brandon Ivey
Richmond, CA, is set to become the first city to implement the highly controversial eminent domain plan offered by Mortgage Resolution Partners.
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Latest Imf News

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