NCOA Booklet Required Reading for HECM Borrowers. The National Council on Aging has announced the availability of the 2013 version of “Use Your Home to Stay at Home,”, the official reverse mortgage booklet approved by the Department of Housing and Urban Development. The booklet is designed to help older homeowners understands the pros and cons of a reverse mortgage. Federal law requires that all individuals who are considering a reverse mortgage go through pre-counseling by a HUD-approved counseling agency and receive a copy of the NCOA guide. The NCOA also offers other ...

In 2010 and 2011, the government-sponsored enterprises purchased billions of dollars of delinquent mortgages out of mortgage-backed securities trusts to save money. Now it appears that Fannie Mae, followed by Freddie Mac, will test the waters to see how much they can get for their nonperforming loans in the secondary market. Investment bankers and loan sale advisors familiar with the matter told Inside Mortgage Finance that Fannie could come to market with a multi-million package of residential NPLs before the end of the first quarter. Fannie, two sources confirmed, has hired...

GSE reform could see the light of day after all - or at least an attempt at it.

Redwood is in the market with a new jumbo deal, this one with loans that have little in the way of seasoning.

IsZo Capital Management increases stake in Impac Mortgage.

HSBC is planning a large nonperforming mortgage auction that could happen early in the second quarter.

Lenders are looking at guaranty fee hikes of 50 basis points this year - maybe.

The market for nonperforming mortgages could turn white hot in 2013.

In a market that grew by 15.9 percent in 2012, Moody’s increased the volume of ABS deals it rated by just 6.9 percent over its activity in 2011.

If Wells Fargo sells MSRs more investment vehicles dedicated to servicing rights may spring up.