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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.
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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.
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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.
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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.
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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?
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Rules Improve Borrowers’ Servicing Experiences

July 19, 2013
While new regulations have been costly for servicers to implement, they have helped improve borrower satisfaction, according to J.D. Power’s latest primary servicer satisfaction study. “The fact that satisfaction continues to increase seems to indicate that changes being made in response to these new regulations are having a positive impact on the experience of customers,” said Craig Martin, director of investment services at J.D. Power. He cited regulations from the Consumer Financial Protection Bureau ...
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Negative Equity Not a Deterrent to Moving

July 19, 2013
Negative home equity is not an important barrier for a homeowner to decide to move elsewhere for a better job, although underwater homeowners are probably more likely to move than borrowers with equity in their homes, according to researchers at the Federal Reserve Bank of Cleveland. The study presents evidence debunking the theory that homes with underwater mortgages deter unemployed people from moving to get new jobs. The “lock-in” theory holds that unemployed people with negative equity could ...
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