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Specialty Servicer Statebridge Gets Cash Investment to Grow Platform

July 23, 2013
Paul Muolo
Statebridge, which was founded in late 2008, is looking to grow its subservicing platform. The company is licensed in all 50 states.
Read More

As PATH Markup Begins, NAR Announces its Opposition to the GSE Bill

July 23, 2013
Charles Wisniowski
NAR's oposition falls primarily in two areas: The PATH Act does not include an explicit federal guaranty and the bill dramatically restructures the FHA.
Read More

Short Takes: Skyline Looking for Loan Officers / Highlands Residential Has Applications Pending in Several States / Freddie Mum on Risk-Sharing MBS Deal / Quicken Continues to Push HARP / Democrats Call Hensarling Bill ‘PATH to Nowhere’

July 23, 2013
Brandon Ivey, Paul Muolo, and Charles Wisniowski
The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.
Read More

Mortgage Income Holds Steady at Banks in Second Quarter

July 22, 2013
John Bancroft
In general, mortgage-related earnings were strong at the nation's banks in the second quarter, but clearly earnings "leakage" is underway. And yes, gain-on-sale is starting to slip.
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As Rates Rise, Banks Boost MSR Valuations But Are the Marks Too Aggressive?

July 22, 2013
Paul Muolo
The higher MSR values are not surprising, but the level of these increases have some mortgage professionals scratching their heads.
Read More

Fannie Cuts Origination Forecast for 2013 and 2014

July 22, 2013
Paul Muolo
Purchase money lending will increase in 2014 but overall originations could swoon, according to a revised forecast from Fannie Mae.
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Wells, BofA, and Citigroup Trim Mortgage Workers, More on the Way?

July 22, 2013
Paul Muolo
Some of the nation's largest home lenders are beginning to cut mortgage workers as refinancing applications swoon.
Read More

FHA Lenders, Guilty Until Proven Innocent? Compliance Experts Concerned

July 19, 2013
George Brooks
HUD thinks random sampling would help make post-endorsement reviews more efficient, but some legal advisors believe the cost is too great.
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Securitization of Re-Performing Residential Mortgages Gaining Traction

July 19, 2013
Paul Muolo
Not only are nonperforming residential mortgages being placed into new securities, but so are re-performing loans.
Read More

What We're Hearing: Industry Facing 40 Percent Layoffs? / Movement Mortgage Trims Staff / Mel Watt to the Rescue? / 125 Percent LTVs are Back, No Not HARP / HUD Auctions Off More than $3 Billion of NPLs / Hensarling Schedules Markup of GSE Bill

July 19, 2013
Fear and loathing in the mortgage job market? Movement Mortgage has let several mortgage workers go. Can looser underwriting standards save the day?
Read More
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