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Fannie, KPMG to Pay $153 Million to Settle Decade-Long Shareholder Fraud Suit

May 8, 2013
Charles Wisniowski
Two Ohio pension funds that owned stock in Fannie Mae sued the GSE in 2004 related to a $6.3 billion overstatement of earnings.
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GSEs Consider Expanding Scope of Common Securitization Platform

May 7, 2013
John Bancroft
The GSE "common securitization platform" is under construction and already potential add-ons are being discussed, including a loan acquisition module.
Read More

FHFA Seeks Comment to Refine Its Planned National Survey of Mortgage Borrowers

May 7, 2013
Charles Wisniowski
The Federal Housing Finance Agency plans to survey residential borrowers about how they were treated by lenders.
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Nationstar to Buy Direct-to-Consumer Lender, Increases Flow MSR Goals

May 7, 2013
Paul Muolo
Nationstar Mortgage is getting serious about the origination business. On Tuesday it revealed plans to purchase a high-volume call center operation.
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Servicer Advance Securitization is Growing but Concerns Persist

May 7, 2013
Brandon Ivey
The market for securities backed by servicer advances is red hot, but S&P says investors face risks.
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Caliber Enters the Correspondent Channel, Taps PennyMac Executive

May 7, 2013
Paul Muolo
Caliber Funding sees a huge opportunity in correspondent lending.
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Short Takes: Industry Wants Lower GSE Loan Limits / FirstREX Will Take Equity in a Home / Cramer Likes Ellie / United Guaranty on a Roll / About that FHA Premium Promise…

May 7, 2013
George Brooks and Paul Muolo
The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?
Read More

New York AG to File Lawsuits Against BofA, Wells for Servicing Issues

May 6, 2013
Brandon Ivey
Law enforcement officials say some of the nation's megabanks are violating terms of the historic national servicing settlement.
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MBA Pushes for Single GSE MBS With New G-Fee Structure

May 6, 2013
John Bancroft
The game is on: MBA wants a single GSE security and will lobby aggressively on the issue.
Read More

Nationstar Launches $1.375 Billion Debt Offer, Mentions Suspension of Foreclosures

May 6, 2013
Paul Muolo
Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap.
Read More
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