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FHFA Eager to Expand ‘Credit Risk Transfer’ Deals, Launches New Comment Period

June 29, 2016
Carisa Chappell and Paul Muolo
FHFA officials said they favor transactions that are repeatable and scalable.
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Subservicing Keeps Growing as Regulatory Headaches Force MSR Owners to Cut Costs and Outsource

June 28, 2016
Paul Muolo
Subservicing firms now process roughly 16.3 percent of all home mortgages in the U.S., the highest reading since Inside Mortgage Finance began publishing these data two years ago.
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Correspondent Purchaser on the Hook for Fannie AU Fees Tied to One of Its Sellers

June 28, 2016
Brandon Ivey
In the end, the court blamed NAMC, the firm buying the mortgages from GFS on a correspondent basis…
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A Warning from the CFPB: Mortgage Servicers Could be Legally Responsible for the Activities of Service Providers

June 28, 2016
Thomas Ressler
Residential servicers should note a greater emphasis in exams on the handling of consumer complaints…
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FHA Should Set Criteria for Pricing, MI Executive Says

June 28, 2016
George Brooks
Exclusive data compiled by Inside Mortgage Finance show the FHA’s share of the primary MI market was 39.9 percent in the first quarter of 2016, compared to 33.5 percent in the first quarter of last year.
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‘Brexit’ Fall Out in the US: Loan Officers Worried About Losing Loans Because of Plunging Rates?

June 28, 2016
Paul Muolo
Consultant Dave Lykken said a worst-case scenario is that some mortgage companies could even fail…
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Short Takes: Fed Official Casts Doubt on Nonbanks? / The American House: A Terrible Investment? / Concern Over VA-Streamlined Refis? / Amherst Hires Barclays Mortgage Officials / A New 52-Week Low for Walter Investment

June 28, 2016
Brandon Ivey and Paul Muolo
A few weeks back, Walter Investment CEO and vice chairman Denmark Dixon resigned, but was given a $2.25 million cash payment as part of a separation agreement from the company.
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GSE Loan Repurchase Activity Fell to Record Low in 1Q16

June 27, 2016
John Bancroft
Actual repurchases or replacements were substantially below the $541.8 million in buyback requests that were withdrawn by the GSEs during the first quarter…
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New Bill Presses Treasury to Research Ending GSE Conservatorships

June 27, 2016
Carisa Chappell
The Congressman noted that outside of a study done in 2011, the administration has had little engagement with Congress on a path toward ending the conservatorships, which are almost eight years old...
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Phoenix Capital Selling $1.08 Billion of GSE Servicing Rights

June 27, 2016
Paul Muolo
The mortgages currently are being subserviced by a firm described as “DMI.”
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