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Industry Wants Clarification on Buybacks Losing QM Status

February 26, 2013
Thomas Ressler
The mortgage industry wants the Consumer Financial Protection Bureau to clarify whether mortgages subject to repurchase demands will lose their “qualified mortgage” status under the bureau’s new ability-to-repay rule.
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TBW’s Freddie Mac MSR Portfolio Sold

February 26, 2013
Paul Muolo
Milestone Advisors has picked a winning bidder for the MSR portfolio once owned by Taylor, Bean & Whitaker.
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JPM Will Slash Mortgage Staff, Sells MSR Platform to Wingspan

February 26, 2013
Paul Muolo
JPMorgan Chase will slash thousands of mortgage workers over the next 20 months.
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Short Takes: Lenders Will Do Battle Over G-Fees / Will PennyMac Buy Ally’s MSRs? / MGIC is a “Buy” / Radian Taps the Equities Market

February 26, 2013
Paul Muolo and Charles Wisniowski
Mortgage bankers are promising to wage war over any new guaranty fee hikes that are used for non-residential projects.
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GSE Buyback Activity Strong in Fourth Quarter, But...

February 25, 2013
John Bancroft
The GSEs continued to wrangle with seller/servicers over repurchase requests during the fourth quarter of 2012, but mostly over loans originated five years earlier.
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Risk-Based Pricing for G-Fees is on the Way

February 25, 2013
Paul Muolo
The Federal Housing Finance Agency has not given up on its effort to install risk-based pricing for guaranty fees.
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Nationstar CFO David Hisey Will Earn at Least $1.375 Million

February 25, 2013
Paul Muolo
Nationstar Mortgage signs a new employment contract with one of its top executives, CFO David Hisey.
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New Report: Kill GSEs, Limit US Support for Mortgages

February 25, 2013
George Brooks and Paul Muolo
A new bipartisan panel wants to close Fannie Mae and Freddie Mac and limit U.S. support for mortgages.
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Short Takes: The Myth Surrounding Redwood’s Delinquencies / Jumbo Loan Prices Red Hot / $30,000 a Year in Flood Premiums? / GSEs Paying Their Subservicers How Much?

February 25, 2013
Brandon Ivey and Paul Muolo
Jumbo loan prices are red hot.
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QM Could Survive Ruling That Overturns Cordray Appointment

February 25, 2013
Critics of the CFPB and industry opponents of its new ability-to-repay/“qualified mortgage” rulemaking quickly got excited when the Court of Appeals for the District of Columbia ruled recently in Noel Canning v. National Labor Relations Board that President Obama’s recess appointments of three officials to the NLRB were unconstitutional. Their hope was that the president’s appointment of Richard Cordray as director of the CFPB might similarly be invalidated. And perhaps more to the point, they hoped the...
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