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A Growing Concern for Fannie, Freddie and The FHFA: Lender-Paid Mortgage Insurance

April 23, 2015
With private mortgage insurance eligibility requirements now a done deal, the MI industry may have a new headache on its hands: concerns from Fannie Mae and Freddie Mac – and their regulator – about the discounting of lender-paid MI policies. Industry officials familiar with the LPMI issue have been telling Inside Mortgage Finance for weeks that the government-sponsored enterprises are taking a close look at the product. Although the Federal Housing Finance Agency declined to discuss LPMI, a spokesman for Freddie Mac offered...
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Treasury Responds to Sen. Grassley on PSPAs, Transparency of Conservatorship Decisions

April 23, 2015
Carisa Chappell
Most of Sen. Grassley's inquiry focused on transparency and whether the president invoked executive privilege over some of the documents pertaining to the third amendment to the PSPAs...
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Freddie Mac Gears New NPL Auction to Smaller Investors

April 22, 2015
Carisa Chappell
Qualified buyers have until June 2 to bid on the Miami-based loans.
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Interactive Mortgage Advisors Unveils Two New MSR Deals

April 22, 2015
Paul Muolo
On IMA’s other deal, the brokerage firm is offering $100 million per month of Fannie Mae/Freddie Mac “flow” product.
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Short Takes: A HUD Settlement for Green Tree? / After Losing LeBron, Quicken Owner Fears Little / More Regs for AMCs / Lenders You May Not Know: First Cal / Freddie Gets New Chief Risk Officer

April 22, 2015
Paul Muolo and Brandon Ivey
It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.
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Are ‘Fast Servicers’ Impacting the TBA market? Nonbanks a Factor?

April 21, 2015
Brandon Ivey
The Federal Reserve is seen as taking the brunt of nonbank servicer-induced prepayment risk on agency MBS.
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Bank Sells $2 Billion Bond to a GSE in Deal Assisted by MIAC

April 21, 2015
Paul Muolo
The sale actually closed at yearend, although it was revealed in a press statement dated April 21.
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PMIER Fallout: Genworth May Need $700MM of Additional Capital but Expects to be Compliant

April 20, 2015
Paul Muolo
In trading Monday, Genworth’s stock price was down slightly trading at $7.96. Its 52-week low is $6.75, its high $18.74.
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Short Takes: The Quicken Data Dump to DOJ / Dan Gilbert’s Growing Portfolio of Detroit Properties / Ocwen Gets Extension / ASPS Grants Options to Executives / BofA and IBM?

April 20, 2015
Paul Muolo and Brandon Ivey
The lender says government investigators have conducted lengthy depositions with numerous Quicken leaders…
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What We’re Hearing: Concern Over LPMI Discounting? / RoundPoint Still Hunting for a Suitor / A Book out on Seterus? / When Fannie Almost Bought Litton / loanDepot Claims It’s Among the Fastest

April 17, 2015
Paul Muolo
If Fannie Mae bought a servicing platform Congress, of course, would blow a gasket...
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