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FHFA Called on to Turn Jumbo Market Over to Non-Agency Sector

May 14, 2013
Brandon Ivey
One mortgage expert warns that lowering GSE loan limits one step at a time to $417,000 could leave parts of the residential market underserved.
Read More

SunTrust Hires Former CitiMortgage Executive to Run Retail Mortgages

May 14, 2013
Paul Muolo
Jeffrey Walker, the new head of residential retail for SunTrust, has worked for such lenders as CitiMortgage and Wells Fargo.
Read More

Freddie Streamlined Modification Program to Boost MI Sector

May 14, 2013
Paul Muolo
A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring.
Read More

Short Takes: Sen. Franken Tries to Tell Wall Street How to Rate Deals / Impac Rewards Top Executives Nicely / A New Player in Warehouse Lending? / 360 Mortgage Continues to Expand in Wholesale / Two New Subcoms from MISMO

May 14, 2013
Paul Muolo, Thomas Ressler, and Brandon Ivey
If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.
Read More

Yet Another Jumbo MBS Deal From Redwood, This One its Most Diversified

May 13, 2013
Brandon Ivey
Redwood Trust is ready to sell yet another jumbo MBS deal into the market.
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IMA Closes Two Large Bulk MSR Sales

May 13, 2013
Paul Muolo
Investors have stepped up to the plate, buying new large bulk MSRs put out for auction by Interactive Mortgage Advisors.
Read More

Forecasters Predict an Origination Swoon in 2013

May 13, 2013
John Bancroft
Although 2013 will turn out to be a decent year in terms of residential production, next year could be quite ugly.
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Short Takes: More Investment Funds Salivating Over MSRs / Now BofA is Dumping Commercial MSRs / HLSS Continues to Take Advantage of Cheap Money / More Trouble for Chimera / Ten-Year Treasury Nears a Yearly High

May 13, 2013
Paul Muolo
Investment funds are continuing to salivate over mortgage servicing rights.
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Earnings Boost From Originations Offset Servicing Downturn in 1Q13

May 13, 2013
John Bancroft
Income tied to residential servicing was down 27.7 percent for the 10 lenders as a group.
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‘Appendix Q’ Compliance Key to Maintaining QM Legal Protections

May 13, 2013
Thomas Ressler
As adopted, Appendix Q of the QM rule requires items to be considered and verified for the two prior years, and requires well-documented projections for the following three years.
Read More
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