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DeMarco Promises to Update the GSE’s Master Plan for Mortgage Insurance, Force-Placed Policies

March 5, 2013
Charles Wisniowski
FHFA director Ed DeMarco is promising that changes are coming to how the GSEs use mortgage insurance and force-placed insurance.
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Coming Soon From Fannie Mae and Freddie Mac: a 70BP G-Fee

March 5, 2013
Paul Muolo
The mortgage industry is bracing for a 70 basis point guaranty fee from Fannie Mae and Freddie Mac.
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Short Takes: Does IBM Have the FHFA MBS Platform Contract? / New Penn Expands its Jumbo Products / Another Subprime Capital Raise? / Stonegate Hires Former Homeward Executive

March 5, 2013
Paul Muolo
Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.
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Mortgage Profits at Banks Set New Record, but Peak May’ve Been Reached in 3Q

March 4, 2013
John Bancroft
The mortgage operations of banks and thrifts posted record earnings in 2012, but the momentum may be behind the sector.
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Freddie Will Expand Financing Options to Move REO

March 4, 2013
Charles Wisniowski
Freddie Mac wants to move more REO properties and plans to expand out its stable of financial options and lenders.
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Ocwen Says its Servicing Cost for NPLs is Dirt Cheap, India?

March 4, 2013
Paul Muolo
Ocwen's huge overseas workforce has allowed it to lower its servicing costs substantially, at least that's how it appears.
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Short Takes: Fear Surrounding FHA Compare Ratios / Popular Bank To Unload $1 Billion-Plus of Delinquent Loans / CFPB About to Get ‘Trimmed’ / Delinquencies Continue to Fall at Fannie / Okay, Who’s Servicing Sen. Warren’s Mortgage?

March 4, 2013
Paul Muolo and Thomas Ressler
Some lenders are concerned about the coming 'FHA Scorecard' and the ability of certain large funders to make their numbers look good.
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Citadel Servicing Raises $200 Million for New Nonprime Mortgage Lending

March 1, 2013
Paul Muolo
Citadel Servicing of California has raised $200 million from private investors to originate new residential subprime loans, Inside Mortgage Finance has learned.
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Yes, Subprime Lending is Finally Back / Will Fannie Post 4Q Earnings of $8 Billion? / FHA User Fees? / 17,000 FHA Loans to Hit the Auction Block / UGI Now # 1 / Wells Fargo Loses Top Regional Manager

March 1, 2013
Citadel Servicing has raised $200 million in capital to originate residential subprime mortgages. Does this mean subprime lending is "back"? Answer: yes and no.
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‘Fee for Service’ Proposal Not Quite Dead

March 1, 2013
The Federal Housing Finance Agency hasn’t totally abandoned the idea of restructuring how mortgage servicers make a living and may take a second look at its “fee for service” proposal, according to industry executives close to the issue. A year ago, the FHFA shelved its fee for service (FFS) proposal, which would have replaced the current 25 basis point minimum fee with a flat payment of $10 per month for performing loans. This was just…
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Latest Imf News

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Featured Data

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Featured Reports

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