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Confusion in Congress Regarding Qualified Mortgage Eligibility

May 22, 2013
Brandon Ivey
Reps. Shelley Moore Capito, R-WV and Sean Duffy, R-WI, respectively chairman and vice chairman of the subcommittee, had not viewed the CFPB’s analysis on QM.
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Sen. Warner Paid a Visit to Freddie Mac, GSE Bill in the Works

May 22, 2013
Paul Muolo
Sen. Warner recently paid a visit to Freddie Mac employees but offered little information about his pending GSE bill.
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Freddie and Fannie Ready to Sell MBS to Investors

May 22, 2013
John Bancroft and Paul Muolo
Fannie and Freddie were ordered by their regulator to sell illiquid securities. But those bonds may fetch a nice price in the secondary market.
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Short Takes: Fannie and Freddie Sitting on Huge Portfolio Gains? / Mortgage Applications Get Hammered / Who Really Owns the Common Securitization Platform? / LPS Sees a New Low for Late Payments / 360 Mortgage to the Rescue

May 22, 2013
Paul Muolo
Are Fannie Mae and Freddie mac sitting on huge untapped profits?
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More GSE Business in Multi-Issuer Pools as Smaller Firms Cope with Depleted Correspondent Channel

May 21, 2013
John Bancroft
Many smaller mortgage lenders are looking for alternatives to selling loans to large national aggregators like Wells Fargo.
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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Might the controversial "qualified mortgage" rule be repealed?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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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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Watt FHFA Nomination Hearing Won’t Come Until Mid-June, a ‘Plan B’?

May 20, 2013
Charles Wisniowski
Progressives and other “Dump DeMarco” advocates are looking to a “Plan B” to replace the current acting head should Rep. Mel Watt’s nomination be significantly prolonged or even stall.
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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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