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California Still Loves Loan Brokers – A Lot

January 6, 2015
John Bancroft
Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...
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Yet More Mortgage Charges for SunTrust, This Time for $145 Million

January 5, 2015
Brandon Ivey
SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.
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Servicing Market Heats Up Early: A $4.2 Billion MSR Portfolio from MVSG

January 5, 2015
Paul Muolo
MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”
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Short Takes: Obama Again on GSE Reform / Newly Minted MBAs Hate Mortgages? / Guild Goes HLTV / An ATR for Payday Loans? / John Adams Settles FHA Charges

January 5, 2015
Brandon Ivey and Paul Muolo
Are recent graduates of business schools avoiding the mortgage industry?
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What We’re Hearing: The Top Mortgage Stories of 2014: A Kinder, Gentler FHFA; The Ocwen Disaster; Nonbanks (Except for Ocwen) Continue to Thrive; The End of QE; A Mortgage M&A Boom in Miniature; The FHA MMIF Returns to the Black…

January 2, 2015
Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)
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Are Fannie and Freddie Lobbying Again? In Subtle Ways?

December 30, 2014
Ed Roberts
Rep. Scott Garrett, R-NJ, is concerned that Fannie and Freddie have resumed lobbying, at least in subtle ways.
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Reintroduction of 97 Percent LTV GSE Loans a Big Ho-Hum?

December 30, 2014
Paul Muolo
Okay, so maybe the reintroduction of 97 percent LTV loans is not a game-changer...
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Short Takes: PennyMac Gets Hike on Repo Line / More on Ocwen’s Erbey / Rep. Royce Will Try to Stop the GSE Housing Trust Fund Contributions / What the New VA Loan Limits Mean

December 30, 2014
George Brooks and Paul Muolo
A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”
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Worry Wall: GSE Buybacks Tied to 2013 Production on the Rise

December 30, 2014
John Bancroft
The 2013 GSE book of business is getting a lot more attention from Fannie Mae and Freddie Mac.
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GSE Repurchase Activity Slowed Sharply in 3Q14

December 30, 2014
Fannie Mae and Freddie Mac reported further declines in repurchase activity during the third quarter of 2014, according to a new Inside The GSEs analysis of disclosure reports filed by the enterprises with the Securities and Exchange Commission. Mortgage seller repurchases and indemnifications totaled just $543.1 million during the third quarter, a decline of 68.7 percent from the previous three-month period. It was the lowest quarterly repurchase volume since ... [Includes one data chart]
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