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Flagstar Expected to Unload More MSRs in 2014

December 27, 2013
Paul Muolo
At September 30, Flagstar had capitalized the MSRs on its balance sheet at 107 basis points.
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What We're Hearing: Five Predictions for the Mortgage Market in 2014 / The Bloom May Be Off the Rose at Nationstar / Loan Modification Indictment Includes Charges Against Former NFL Player / Freedom Expands MI Partners / Auction.com Stays Active

December 27, 2013
Paul Muolo
What's ahead for residential lenders and servicers in 2014? You might be surprised at some of our predictions. Hint: The servicing market looks good, at least.
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Ginnie Mae to Hire More Account Executives

December 27, 2013
Paul Muolo
Ginnie Mae chief Ted Tozer noted: “We want aggressive outreach to find out what the issues are. If they aren’t issuing, we want to know why."
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Has the Mortgage Deconsolidation Trend Run Its Course?

December 26, 2013
Brandon Ivey
“The recent decline in large-lender share of the primary market is temporary, and principally a result of cyclical factors that caused larger lenders to pull back from the market,” said Fannie Mae's Gerry Flood.
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A Tipping Point Coming for Electronic Mortgages?

December 26, 2013
Thomas Ressler
The GSEs’ common industry dataset that supports the CFPB’s new disclosure form is called the Uniform Closing Dataset, and is one component of the Uniform Mortgage Data Program, an ongoing effort being directed by the FHFA.
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Outlook Positive for Mortgage Insurance Sector, But Industry Awaits New Capital Rules

December 26, 2013
Paul Muolo
The mortgage insurance industry is anxiously waiting on new risk-to-capital rules being worked on by the Federal Housing Finance Agency.
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Freedom Mortgage Hires Two Top Guns From PHH Mortgage

December 26, 2013
Paul Muolo
Freedom Mortgage, which has aggressive hiring plans this year, has tapped two top production executives from PHH.
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Short Takes: Mortgage Tax Extenders Set to Expire / New Residential to Sell More Shares / GSEs Hit Foreclosure Prevention Milestone / Madoff and Farkas – What Are They Up to? / The Mortgage PR Person Who Worked on Christmas

December 26, 2013
Paul Muolo and Charles Wisniowski
Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.
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MSR Hungry REIT Gets FHLB Access Via Insurance Affiliate

December 26, 2013
Paul Muolo
It's not every day that a REIT gains access to a Federal Home Loan Bank. This REIT, of course, likes to buy mortgage servicing rights.
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Principal Reduction More Prevalent on Portfolio Mortgages than Non-Agency MBS

December 26, 2013
Brandon Ivey
Some 44 percent of mods on portfolio loans by eight large banks and thrifts include principal reduction in the third quarter of 2013.
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Latest Imf News

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