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Originations
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IG Expected to Issue Results of Two CFPB Audits by Month’s End

March 25, 2013
Thomas Ressler
Even though the Consumer Financial Protection Bureau is an independent agency, that doesn't mean it gets a pass on IG audits.
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Banks, Thrifts Hike Their Holdings of First- Lien Mortgages

March 25, 2013
Brandon Ivey
Holding fixed-rate mortgages in portfolio was considered a dangerous practice for depositories, but no more.
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FHLB MPF Xtra Program Has Explosive Growth in 2012

March 25, 2013
Charles Wisniowski
The FHLB's MPF Xtra program – an alternative to the legacy Mortgage Partnership Finance program – saw volumes spike to $6.9 billion in 2012.
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Ex-Encore Chief Daurio Says He Has $100 Million in Commitments for Subprime

March 25, 2013
Paul Muolo
A third non-agency, nonprime lender may come into being this year.
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Senate Passes Budget, Including Ban on Using G-Fees for Non-Fannie/Freddie Expenditures

March 25, 2013
Paul Muolo
As part of the budget, an amendment passed the Senate that would prevent any hike in g-fees for non-housing issues.
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Short Takes: Phyllis Caldwell, FHFA Chief? / No Independent IG for CFPB? / Two Harbors Raises More Money / No Word on MBS M&A

March 25, 2013
Paul Muolo and Thomas Ressler
Who is Phyllis Caldwell, and why is she being mentioned for the FHFA job?
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Points-and-Fees Bill Would Supplant, Ease CFPB Definition

March 25, 2013
Reps. Bill Huizenga, R-MI, and David Scott, D-GA, both members of the House Financial Services Committee, have reintroduced the Consumer Mortgage Choice Act, H.R.1077, legislation that would ease the definition of points and fees that the CFPB articulated in its ability-to-repay final rule issued in January. The definition is a key factor in determining whether a mortgage is a “qualified mortgage,” which requires that fees and points not exceed 3 percent. Currently, the definition would make hundreds of thousands of...
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FHFA’s DeMarco Predicts Five Years to New MBS Platform

March 22, 2013
Charles Wisniowski
FHFA's plan for a single MBS platform that would be managed by a new government entity separate from Fannie Mae and Freddie Mac does not mean the agency is contemplating consolidating the two GSEs at this time.
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Industry Expresses Support for Legislative Modification on Definition of Points, Fees

March 22, 2013
George Brooks
The Mortgage Bankers Association and other industry trade groups are backing bipartisan legislation that would modify the definition of points and fees in the 'ability-to-repay' and QM rules.
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Will Fannie and Freddie Preferred Shareholders Sue FHFA? / Home Equity Lending Market Still Hurting / FGMC of Maryland Expanding TPO / More Non-Legacy Deals from MountainView, IMA Hit the Market

March 22, 2013
The $93 billion question for Fannie Mae, Freddie Mac, and FHFA: what is a "deferred tax asset" and how can it be used, if at all?
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