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Originations
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HUD’s Revised Manual Standards Include ‘Compensating Factors’ and Documentation

December 31, 2013
George Brooks
The new requirements become effective for FHA case numbers assigned on or after March 11, 2014. Comments are due by Feb. 10, 2014.
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What We're Hearing: Five Predictions for the Mortgage Market in 2014 / The Bloom May Be Off the Rose at Nationstar / Loan Modification Indictment Includes Charges Against Former NFL Player / Freedom Expands MI Partners / Auction.com Stays Active

December 27, 2013
Paul Muolo
What's ahead for residential lenders and servicers in 2014? You might be surprised at some of our predictions. Hint: The servicing market looks good, at least.
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Ginnie Mae to Hire More Account Executives

December 27, 2013
Paul Muolo
Ginnie Mae chief Ted Tozer noted: “We want aggressive outreach to find out what the issues are. If they aren’t issuing, we want to know why."
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Has the Mortgage Deconsolidation Trend Run Its Course?

December 26, 2013
Brandon Ivey
“The recent decline in large-lender share of the primary market is temporary, and principally a result of cyclical factors that caused larger lenders to pull back from the market,” said Fannie Mae's Gerry Flood.
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Thought that New Production was Immune to Buybacks? Think Again

December 26, 2013
John Bancroft
Freddie Mac reported new buyback demands on $3.3 billion of mortgages during the third quarter, a stunning 31 percent increase from the previous period.
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FTC Approves Fidelity’s Purchase of LPS But Requires Sale of Oregon Assets

December 26, 2013
Charles Wisniowski
The terms of the FTC’s settlement require Fidelity to sell a “copy” of LPS’ title plants in the six Oregon counties.
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Freedom Mortgage Hires Two Top Guns From PHH Mortgage

December 26, 2013
Paul Muolo
Freedom Mortgage, which has aggressive hiring plans this year, has tapped two top production executives from PHH.
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Short Takes: Mortgage Tax Extenders Set to Expire / New Residential to Sell More Shares / GSEs Hit Foreclosure Prevention Milestone / Madoff and Farkas – What Are They Up to? / The Mortgage PR Person Who Worked on Christmas

December 26, 2013
Paul Muolo and Charles Wisniowski
Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.
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A Tipping Point Coming for Electronic Mortgages?

December 26, 2013
Thomas Ressler
The GSEs’ common industry dataset that supports the CFPB’s new disclosure form is called the Uniform Closing Dataset, and is one component of the Uniform Mortgage Data Program, an ongoing effort being directed by the FHFA.
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Outlook Positive for Mortgage Insurance Sector, But Industry Awaits New Capital Rules

December 26, 2013
Paul Muolo
The mortgage insurance industry is anxiously waiting on new risk-to-capital rules being worked on by the Federal Housing Finance Agency.
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