FHFA Auditor Said Better Oversight Needed For GSE High-LTV Home Purchase Programs March 15, 2018 The Federal Housing Finance Agency’s auditor concluded that Fannie Mae and Freddie Mac low-downpayment programs had a high compliance rate but fell somewhat short when it came to ensuring the homeowner education component was met.Read More
PIMCO Hungry for Reperforming Loans March 15, 2018 Paul Muolo PIMCO might be hungry for RPLs but inventory is declining…Read More
Subservicing Volumes Begin to Ebb but Long-Term Prospects Look Good March 14, 2018 Paul Muolo At the end of the fourth quarter, Cenlar ranked first among all subservicers…Read More
Fitch: Consolidation Expected Among Nonbank Servicers. Rising Costs a Major Concern March 14, 2018 Brandon Ivey Fitch said independent nonbank servicers remain vulnerable to rising costs…Read More
IMA Hits the Market with a Large Bulk GSE Auction March 14, 2018 Paul Muolo The package from IMA boasts low delinquencies and a high percentage of loans based in California…Read More
Fresh Off of Restructuring Walter/Ditech, Renzi Joins the Nation’s Largest Subservicer March 14, 2018 Paul Muolo Earlier this year, Renzi stepped down as CEO and president of Walter Investment Management Corp., the parent of Ditech Financial...Read More
The Final Tally for 2017: $251 Billion of FHA Loans March 14, 2018 George Brooks California led all states in FHA mortgage securitization with $39 billion…Read More
Short Takes: Should the GSEs Use ‘Alt’ Credit Scores? / A Good Chance of Passage? / Ben Carson Heading Home? / An MPF Milestone / A New Hire for SLK Global March 14, 2018 Paul Muolo Will Department of Housing and Urban Development Secretary Ben Carson be the next Trump cabinet member to depart?Read More
Impac Gets Slammed by Lower Originations, Trump Tax Bill; Long-Time CEO Joe Tomkinson is Departing March 14, 2018 Paul Muolo The company confirmed that long-time chairman and CEO Joe Tomkinson will be stepping down at the end of July...Read More
Ginnie Mulls Changes to MSR Pacts to Improve Nonbank Liquidity March 13, 2018 George Brooks Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…Read More
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