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Short Takes: About That White House Mortgage Meeting… / Wells Confirms It May Hire MSR ‘Project Manager' / NPL Sales Could Double / Mortgage Applications Rise, So Do Refis

April 10, 2013
Paul Muolo
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
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Walter Investment Buys $12.2 Billion of Reverse MSRs from Wells Fargo

April 10, 2013
Paul Muolo
Wells Fargo has unloaded most of - but not all - of its remaining servicing rights tied to reverse mortgages. However, the bank says it is still "committed" to seniors through home equity loans.
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How Hot is Residential Servicing? IMA Package Gets 10 Bids

April 10, 2013
Paul Muolo
More than 10 bidders showed up for a recent auction of new Fannie Mae servicing rights, a sign that the MSR market is getting hot.
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Wells Fargo Searching for Executive to Aid the Bank in Selling Servicing

April 9, 2013
Paul Muolo
Wells Fargo is in the hunt for a top servicing executive to aid the bank in its pursuit of MSR sales, sources told Inside Mortgage Finance.
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Non-Agency Jumbo MBS Issuance Took Off Like a Rocket in First Quarter

April 9, 2013
Brandon Ivey
Just how hot is the jumbo MBS market? Consider this: Some $3.95 billion in non-agency jumbo MBS was issued in the first quarter, compared with $3.46 billion in issuance in all of last year.
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BofA Settlement Boosts NCUA Recoveries From Bad MBS Deals

April 9, 2013
George Brooks
The National Credit Union Administration keeps racking up the "wins" in its drive to recover losses on faulty MBS sales.
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Short Takes: Obama Budget Cliff Hanger: Will FHA Need an ‘Appropriation?’ / Of Hedge Funds and GSE Acknowledgement Letters / Union Bank Expands Commercial Presence / Competition for ASF

April 8, 2013
Paul Muolo and Brandon Ivey
Will FHA need a government bailout? Better read the new Obama budget document.
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Bank of America Selling $16 Billion of Servicing Rights

April 8, 2013
Paul Muolo
Bank of America is once again offering for sale a large package of mortgage servicing rights and at least a half-dozen or so buyers are lining up to bid.
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UBS Loses Appeal to Dismiss FHFA Subprime MBS Case

April 8, 2013
Charles Wisniowski
After losing an appeal, the UBS MBS case brought by the Federal Housing Finance Agency is set for trial early next year.
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Ginnie Mae Issuance Drops in 1Q, Wells and JPM Continue to Dominate

April 8, 2013
George Brooks
Ginnie Mae production fell 5 percent in the first quarter, marking a slowdown in FHA/VA lending, but the decline could be temporary.
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Featured Data

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