Meanwhile, The Final Tally for 2012 Is In: Almost $2 Trillion in Fundings February 27, 2013 John Bancroft Heavy refinance activity, especially through Fannie Mae and Freddie Mac, boosted the conventional conforming market by a whopping 35 percent in 2012. Read More
Short Takes: The Dwindling JV Empire of Wells Fargo / More Layoffs for Foreclosure Review Specialists? / Where Are Fannies Earnings? / Vericrest is Hiring February 27, 2013 Paul Muolo Wells Fargo says it is committed to its remaining joint venture lending partners but isn't giving out any names on the JVs.Read More
REITs Slow Pace of MBS Acquisitions But Had Strong Year Overall February 26, 2013 Thomas Ressler According to a new analysis by Inside MBS & ABS, REIT MBS investors as a group increased their MBS holdings by 47.4 percent in 2012.Read More
TBWs Freddie Mac MSR Portfolio Sold February 26, 2013 Paul Muolo Milestone Advisors has picked a winning bidder for the MSR portfolio once owned by Taylor, Bean & Whitaker.Read More
Short Takes: Lenders Will Do Battle Over G-Fees / Will PennyMac Buy Allys MSRs? / MGIC is a Buy / Radian Taps the Equities Market February 26, 2013 Paul Muolo and Charles Wisniowski Mortgage bankers are promising to wage war over any new guaranty fee hikes that are used for non-residential projects.Read More
GSE Buyback Activity Strong in Fourth Quarter, But... February 25, 2013 John Bancroft The GSEs continued to wrangle with seller/servicers over repurchase requests during the fourth quarter of 2012, but mostly over loans originated five years earlier. Read More
Risk-Based Pricing for G-Fees is on the Way February 25, 2013 Paul Muolo The Federal Housing Finance Agency has not given up on its effort to install risk-based pricing for guaranty fees. Read More
New Report: Kill GSEs, Limit US Support for Mortgages February 25, 2013 George Brooks and Paul Muolo A new bipartisan panel wants to close Fannie Mae and Freddie Mac and limit U.S. support for mortgages.Read More
Short Takes: The Myth Surrounding Redwoods Delinquencies / Jumbo Loan Prices Red Hot / $30,000 a Year in Flood Premiums? / GSEs Paying Their Subservicers How Much? February 25, 2013 Brandon Ivey and Paul Muolo Jumbo loan prices are red hot.Read More
Wells Is Not Done Tinkering with its Mortgage JVs / Redwood May Target MSRs in a Major Way / Residential Originations Slowing? / Banks No Longer Love MBS? / Ocwen Adjusts to A Paper Servicing February 22, 2013 Paul Muolo Wells Fargo, the nation's largest home funder, is continuing to review its mortgage joint ventures.Read More