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Republicans Seek to Revise QM Requirements, Maybe a Repeal?

May 21, 2013
Brandon Ivey
Might the controversial "qualified mortgage" rule be repealed? Maybe, if House Republicans have their way.
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Citi Names Private Bank Chief to Head Mortgages, More Jumbos?

May 21, 2013
Paul Muolo
Will CitiMortgage be an even greater player in jumbo lending with its new CEO?
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Short Takes: New York Slow on Loan Officer Approvals / GSEs Win Transfer Tax Case / Will the CFPB Unionize? / City National Enters Warehouse Space / Fay Servicing to Ramp up Hiring

May 21, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
New York State may be among the worst in the nation when it comes to approving loan officer applications.
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Sen. Reid Won’t Give Up on Confirmation Hearing for Cordray

May 20, 2013
Thomas Ressler
Sen. Harry Reid is vowing that CFPB director Richard Cordray will get another vote in the Senate.
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Ocwen Dominates the Subprime Servicing Market with a 33.7% Market Share

May 20, 2013
Brandon Ivey
Ocwen had $155 billion of subprime servicing contracts at the end of the first quarter, more than double its next closest competitor.
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MountainView Hits Market with Two More MSR Deals

May 20, 2013
Paul Muolo
The bulk servicing market continues to heat up. MountainView is out with two new deals.
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Short Takes: MBA Offers G-Fee Deal, but Will FHFA Take It? / Wells and Citi Slowing Foreclosure Sales (Sort of) / Sen. Crapo Wants Answers from CFPB on Data Collection / Bayview Gets Hungry for NPLs, MSRs…

May 20, 2013
Paul Muolo and Thomas Ressler
The Mortgage Bankers Association wants lower guaranty fees from Fannie Mae and Freddie Mac but is willing to barter for them.
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Reminder: Some CFPB Mortgage Requirements Kick in June 1, 2013

May 20, 2013
Most of the CFPB’s requirements stemming from its blizzard of mortgage rulemakings in January take effect sometime next year. But there are a few notable exceptions, including the Truth in Lending Act ban on mandatory arbitration provisions in certain mortgage loans, which kicks in June 1, 2013. “Lenders now using mortgage loan documentation containing such provisions should take steps to ensure that they (and references to them) are removed from documentation to be used for loans that will be subject to the ban,” said Alan...
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Federal Reserve May Dial Back on MBS Purchases Soon

May 17, 2013
Thomas Ressler
Since the housing bust, the Federal Reserve has purchased roughly $1.1 trillion of MBS backed by Fannie Mae, Freddie Mac and Ginnie Mae.
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HUD Seeks Authority to Regulate HECM Program Through Mortgagee Letters

May 17, 2013
George Brooks
HUD wants the authority to fix the government's ailing reverse mortgage program.
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Latest Imf News

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