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Originations
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Two Harbors Confirms Pursuit of ‘Substantial’ MSR Investment

November 6, 2013
Brandon Ivey
The REIT is just starting to purchase MSRs. At the end of September it had $15.7 million of mortgage servicing rights on its balance sheet, but that figure should rapidly change in the quarters ahead.
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Wells Dominates in FHA Jumbos (Again), PRMG Fastest Growing

November 6, 2013
George Brooks
FHA lenders originated $10.8 billion of new jumbo loans in the first half of 2013, down 2.7 percent from the same period last year.
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Short Takes: Mortgage Wholesaler Cuts Heads / Ocwen Hikes Retail LO Hires / Lost in Space: Cerberus Mortgage IPO / Mortgage Apps Take A Breather / MortgageIT Settles With HUD / New Chief for Clayton Holdings

November 6, 2013
George Brooks, Brandon Ivey, and Paul Muolo
An active mortgage wholesaler in California is letting account executives go. Stay tuned for details.
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GSE Earnings Preview: Freddie Mac Could ‘Pay Back’ Treasury in Total Soon

November 6, 2013
Paul Muolo
If Freddie Mac "pays back" the U.S. Treasury by year-end will it change the debate on the future of the GSEs?
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Rep. Waters: House Democrats Drafting ‘Alternative Approach’ to GSE Reform

November 5, 2013
Charles Wisniowski
Rep. Maxine Waters, the ranking Democrat on the panel, is promising that GSE "stakeholders" will have input on her housing reform bill.
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Jumbo MBS Thaw: Redwood Offers its First Non-Agency Security Since August

November 5, 2013
Brandon Ivey
The loans in the new Redwood deal have the strong characteristics associated with jumbos, including an average credit score of 766 and a combined loan-to-value ratio of almost 71 percent.
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Mortgage Complaints Filed with the CFPB Drop, BofA Still Leads the Pack

November 5, 2013
Thomas Ressler
Bank of America led all residential firms in cumulative mortgage complaints: 23,004 at the end of September. Wells Fargo was a distant second with 12,261.
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Short Takes: Does the CFPB Understand Mortgage Banking? / Whole Loan Trading Slows / FHFA Cracks Down on Force-Placed Insurance (Again) / Symbiosis: Ocwen and HLSS / More Ads from Greenlight and CashCall

November 5, 2013
Paul Muolo and Charles Wisniowski
When it comes to auditing mortgage lenders, does the CFPB know what it’s doing? It all depends on who you talk to. Also, the FHFA cracks down on force placed insurance (again).
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Nationstar Mortgage Eyeing Change to Broker Channel?

November 5, 2013
Paul Muolo
One mortgage analyst who tracks the company said Nationstar is changing the way it “allocates capital” to certain of its business segments.
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S&P Tops in Rating Non-Agency MBS

November 4, 2013
John Bancroft
Standard & Poor's rated $11.65 billion of non-agency MBS issued through the end of September.
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