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Short Takes: The Dwindling JV Empire of Wells Fargo / More Layoffs for Foreclosure Review Specialists? / Where Are Fannie’s 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.
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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.
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TBW’s 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.
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Short Takes: Lenders Will Do Battle Over G-Fees / Will PennyMac Buy Ally’s 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.
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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.
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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.
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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.
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Short Takes: The Myth Surrounding Redwood’s 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.
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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.
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GSE Buyback Activity Still Going Strong in Late 2012, Over Half the Pipeline in 2007 Mortgages

February 21, 2013
Fannie Mae and Freddie Mac continued to wrangle with mortgage sellers over repurchase requests during the fourth quarter of 2012, mostly over loans originated five years earlier, according to a new Inside Mortgage Finance analysis of disclosures by the two government-sponsored enterprises. As the year ended, the GSEs had a whopping $20.11 billion in pending and disputed buyback requests with lenders, up 9.5 percent from the end of the third quarter. While Freddie actually managed to whittle down its stack of unresolved cases by 1.1 percent, the pile grew 10.5 percent higher at Fannie. And 52.1 percent of these disputes involved loans securitized in 2007. The dollar volume of loan repurchases and indemnifications edged...[Includes one data chart]
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