Urban Institute Launches ‘Credit Availability’ Index with Guns Blazing November 20, 2014 Brandon Ivey Still, the new index from the Urban Institute is not perfect...Read More
FHFA’s Watt: Fewer Than 100 Companies Affected by FHLB Membership Changes November 20, 2014 Charles Wisniowski Several weeks back, a FHFA official told IMFnews that just 18 members would be affected by the captive rule, mostly REITs.Read More
CFPB Increasingly Working with Other Law Enforcement ‘Partners’ November 20, 2014 Thomas Ressler Mortgage companies may not realize it, but the CFPB is partnering with the state attorneys general, the Department of Justice, and in some cases, the Department of Financial Services in New York.Read More
3Q Product Mix Roundup: Home Equity Loans Had the Strongest Growth November 20, 2014 John Bancroft Based on the run-rate of the first nine months, HEL production could top almost $67 billion in 2014, which would be the best year since 2009.Read More
MIAC Auctioning Off $908 Million Fannie/Freddie Portfolio November 19, 2014 Paul Muolo With roughly six weeks left in 2014, some mortgage firms are rushing to sell MSRs as a way to bolster fourth quarter profits. Read More
Short Takes: Any G-Fee News? No / Keeping an Eye on MSR Sales / Why Realtors Will Live Forever / California Home Sales Nothing Special / Jeb Will be Back, Hensarling At Least November 19, 2014 Paul Muolo, George Brooks, and Charles Wisniowski After a servicing sale closes, the GSEs must monitor each transaction to make sure the transfer of receivables took place in a timely manner and more…Read More
Senate Banking Chair Urges Watt and Treasury to End GSE Conservatorships November 19, 2014 Paul Muolo The two GSEs have been in conservatorship for six-plus years now, with no legislative solution to their future in sight.Read More
CFPB Warns Mortgage Firms on How they Treat Borrowers with Disability Income November 19, 2014 Thomas Ressler The new bulletin discusses standards and guidelines on verification of disability income, including those under the CFPB’s ability-to-repay rule.Read More
CS/DLJ Will Issue Non-Agency MBS Backed By ‘Re-Performers’ November 19, 2014 Brandon Ivey Fitch warned that about 25 percent of the collateral received C or D grades for material violations or lack of documentation.Read More
Lower FHA Premiums? Dream On… November 18, 2014 Paul Muolo In a statement, Rep. Hensarling decried last year’s $1.7 billion “taxpayer-funded bailout” of the FHA.Read More