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Senate Banking Chair Urges Watt and Treasury to End GSE Conservatorships

November 19, 2014
Paul Muolo
The two GSEs have been in conservatorship for six-plus years now, with no legislative solution to their future in sight.
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CFPB Warns Mortgage Firms on How they Treat Borrowers with Disability Income

November 19, 2014
Thomas Ressler
The new bulletin discusses standards and guidelines on verification of disability income, including those under the CFPB’s ability-to-repay rule.
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CS/DLJ Will Issue Non-Agency MBS Backed By ‘Re-Performers’

November 19, 2014
Brandon Ivey
Fitch warned that about 25 percent of the collateral received C or D grades for material violations or lack of documentation.
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Lower FHA Premiums? Dream On…

November 18, 2014
Paul Muolo
In a statement, Rep. Hensarling decried last year’s $1.7 billion “taxpayer-funded bailout” of the FHA.
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Short Takes: Obama Won’t Give Up on Killing the GSEs / Redwood Sells Debt / More Ocwen Customer Complaints / Carrington Bolts ARMs / The Return of Mike Baldwin

November 18, 2014
Paul Muolo and Brandon Ivey
Republicans have never been big fans of the GSEs and there’s plenty of Democrats who aren’t so sure about the government “guaranty” as well...
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Fannie Continues to Loosen Rules; 990 Days for a Foreclosure in New York

November 18, 2014
Paul Muolo
Fannie Mae recently loosened its credit standards on condominium loans. What's next?
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FHFA: Extensive ‘Testing’ Underway at Common Securitization Platform

November 18, 2014
Charles Wisniowski
In 2015, the team at the GSE common securitization platform will focus on implementation of the remaining software components...
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Mortgage Banking Income Softened in 3Q Despite Origination Surge

November 18, 2014
John Bancroft
For the first nine months of 2014, the group reported $10.94 billion in net mortgage-banking income, a stunning 43 percent decline from the same period in 2013
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Cerberus-Backed FirstKey to Issue its First Jumbo MBS

November 18, 2014
Brandon Ivey
The top contributor to the new jumbo MBS from FirstKey is CMG Financial with a 13.8 percent share. Cornerstone, Bank of Internet and Impac also provided product.
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FHA’s Mutual Mortgage Insurance Fund in the Black by $4.8 Billion

November 17, 2014
George Brooks
The FHA’s annual independent actuarial review of the MMIF showed a capital reserve of 0.41 percent at Sept. 30, 2014.
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