An Obama administration official stressed that the White House is working to craft a comprehensive plan for housing finance reform but wants input from industry participants.tasked with crafting a plan to reform the government-sponsored enterprises provided a strong response yesterday to criticism of the White House’s lack of progress on GSE reform.
Although Fannie Mae has set purchase limits on how much production newly approved seller/servicers can sell to the GSE, Freddie Mac has shied away from such caps.
Nationstar Mortgage is telling potential investors in the company that it plans to be a significant player in settlement services, REO management, processing and other areas.
At least one top-five ranked residential servicer is planning to offer for sale a decent-sized package of mostly nonperforming servicing rights over the next month.
Mortgage production volume increased modestly during the fourth quarter of 2012, thanks largely to continuing gains by a number of mid-sized lenders, according to a new Inside Mortgage Finance ranking and analysis. An estimated $495.0 billion in new single-family mortgages were originated during the final three months of 2012, up 2.1 percent from the previous quarter. Including a slightly revised estimate for the third quarter, total mortgage originations hit $1.835 trillion during 2012 – a solid 24.8 percent gain over the previous year. That made 2012 the second-strongest year since the housing market began to come unglued back in 2007. It’s no surprise that agency programs continued...[Includes two data charts]
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