January 2014 marked the fourth month in a row where combined agency securitization included more purchase-money mortgages than refinances, according to Inside MBS & ABS.
Despite the findings of the Inspector General's office regarding appraisal reviews, the GSEs recent books of business are considered to be of pristine quality.
Treasurys Third Amendment to the PSPA which replaced the quarterly GSE dividend payment with a net worth sweep of all company profits was the culmination of a calculated administration effort, according to former Solicitor General Ted Olson.
According to company correspondence provided to Inside Mortgage Finance, Green Tree's target date for exiting the wholesale/broker channel is mid-April.
Federal regulators have, for all intents and purposes, completed their work on the qualified residential mortgage standard. This means the final rules release could be imminent.
The nations third largest FHA servicer also admitted that it failed to inform the government mortgage insurers when its own internal reviews discovered more than 500 defective loans that never should have been submitted for coverage.