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WinWater Aggregates Loans From Nearly 60 Lenders for First Jumbo Deal of 2015

February 3, 2015
Brandon Ivey
Prospect Mortgage is the top contributor with a 9.1 percent share, followed by Ditech Mortgage (8.6 percent) and Skyline Financial (7.1 percent). All three are nonbanks.
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HUD Re-proposes Controversial Administrative Support Fee

February 3, 2015
George Brooks
Last year, the mortgage industry cautioned HUD against assessing a fee to fund certain risk management improvements in the FHA program.
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Short Takes: WinWater Readies a New Jumbo Deal / How Would Uncle Sam Replace $153 Billion in GSE Income? / S&P Settles Without Admitting Guilt / New Correspondent Hires for LenderLive

February 3, 2015
Paul Muolo, George Brooks, and Brandon Ivey
Any monkeying with the GSE charters must get past two of the most powerful lobbying groups in all of housing finance...
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Forms, eSignatures Drive Growth at DocMagic

February 3, 2015
Paul Muolo
DocMagic would like to double its nationwide sales staff to 20 by the time 2015 ends.
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Interthinx: CFPB’s ATR Rule Has Helped Reduce Mortgage Fraud

February 3, 2015
Brandon Ivey
The firm noted that employment and income fraud peaked in the fourth quarter of 2013 and has declined ever since.
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On a ‘Per Loan’ Basis, Bank LOs Earn Less, or So It Seems…

February 3, 2015
Paul Muolo
In some cases, loan officers who work for net branch operators can earn 225 to 250 bps per deal.
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CMBS Issuance Falls Just Short of Post-Crash High Thanks to 4Q Stumble

February 3, 2015
John Bancroft
Roughly $164.77 billion of securities backed by commercial mortgages were issued last year, down just 0.6 percent from 2013, which was a banner year.
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Fannie and Freddie Should Generate $153 Billion Over the Next 10 Years for Uncle Sam

February 2, 2015
Paul Muolo
The money will flow directly into the U.S. Treasury Department, which controls the senior preferred shares of the two government-sponsored enterprises.
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Short Takes: CA DBO Looking for an Ocwen Auditor / Please, No Conflicts of Interest / HUD’s Castro a No-Show? / More Financial Pain for the Rating Agencies / Envoy Hires Away TMS Executive

February 2, 2015
Paul Muolo
The DBO request for proposal asks that applicants for the Ocwen contract state whether they – or any affiliates – have done any consulting work for the servicer.
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Little Incentive for Non-Agency Issues to Go Through the SEC

February 2, 2015
Brandon Ivey
An official involved in the non-agency MBS market said it’s easier to sell private placements than it is to meet requirements for publicly registered deals
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