Short Takes: So, Why Does the White House Want to Kill the GSEs? / Politicians Continue to Bash Fannie and Freddie / BofA Cuts Servicing Jobs in Pittsburgh / Wholesale Lending Makes a Comeback / Impac Comes on Strong August 7, 2013 Paul Muolo Who says that wholesale lending through loan brokers is dead? Carrington Mortgage and other firms are expanding in the sector.Read More
Freddie Mac Has Worst MBS Issuance Month of the Year August 6, 2013 Paul Muolo Though the end of July, Freddie has issued roughly $302 billion of single-family MBS compared to $500 billion for Fannie. Read More
Mortgage Broker Group Calls for QM to be Re-Proposed August 6, 2013 Thomas Ressler The NAIHP is concerned that "responsible consumers" may have been "intentionally" knocked out of the QM box.Read More
Originations Booming at Nationstar, MSRs Will Top $435 Billion August 6, 2013 Brandon Ivey Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q. Read More
Obama Hints at Corker-Warner Support, Pushes for HARP 3.0 August 6, 2013 Paul Muolo The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.Read More
Short Takes: Is CashCall Off the Auction Block? / HSBC Could Take a Huge Hit on MBS Settlement / FHFA CSP Job Pays $450,000 / LenderLive Gets Ginnie Approvals / Eminent Domain Advances August 6, 2013 George Brooks and Paul Muolo Is refi specialist CashCall still on the auction block?Read More
Commercial MBS Issuance Slowed in 2Q, But Ahead of Last Years Pace August 5, 2013 John Bancroft Most of the apartment loans being securitized go through Fannie Mae and Freddie Mac programs.Read More
HUD to Implement New HECM Guidelines by October August 5, 2013 George Brooks The guidelines follow the Senates passage last week of the Reverse Mortgage Stabilization Act of 2013. Read More
Mortgage Brokers Continue to Hire, But Barely August 5, 2013 Paul Muolo Mortgage brokerage firms added new workers in June but at a very slow pace, a sign that the origination market is slowing. Read More
Short Takes: Ocwen Increases its Deal Pipeline to $400 Billion / Another Large Wholesaler to Exit? / But Integrity First Wants to Grow Wholesale / Ally Calls it Quits on Mortgage Banking / NAR Hates the PATH August 5, 2013 Paul Muolo Ocwen is looking at $400 billion of MSR deals, at least. Meanwhile, a lager wholesale may exit, and no, it's not EverBank.Read More