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Short Takes: Nationstar Closes on BofA MSRs but More to Go / Walter About to Launch Originations / Stonegate Latest to Enter Jumbo Space / Promontory Enters the Nonperforming Loan Space

February 4, 2013
Paul Muolo
Nationstar Mortgage closes on servicing deals.
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FHFA Promises GSE Risk-Sharing Bonds Will Be Issued Soon

February 4, 2013
Brandon Ivey
The FHFA is getting closer to announcing risk sharing bonds for Fannie Mae and Freddie Mac.
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Short Takes: More MSR Sales on the Way?

February 1, 2013
Paul Muolo
At least one top-five ranked residential servicer is planning to offer for sale a decent-sized package of mostly nonperforming servicing rights over the next month.
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Freddie Says It Has No Limits on New Customer Business

February 1, 2013
Paul Muolo
Although Fannie Mae has set purchase limits on how much production newly approved seller/servicers can sell to the GSE, Freddie Mac has shied away from such caps.
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Fannie Mae Speeding up Seller/Servicer Approvals?

February 1, 2013
Paul Muolo
Fannie Mae appears to be getter faster in approving seller/servicer approvals.
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Quicken Ranks 20th in Correspondent, But Says It’s Not ‘Traditional’

February 1, 2013
Paul Muolo
Quicken is now a top-five ranked residential retail lender, but some of its loan volume comes from correspondent purchases.
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Treasury’s Stegman: White House Wants Input from Industry on GSE Plan

February 1, 2013
Brandon Ivey
An Obama administration official stressed that the White House is working to craft a comprehensive plan for housing finance reform but wants input from industry participants.tasked with crafting a plan to reform the government-sponsored enterprises provided a strong response yesterday to criticism of the White House’s lack of progress on GSE reform.
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HARP Loses Steam in Late 2012, Securitization of Underwater Loans Slows

February 1, 2013
John Bancroft
Fannie Mae and Freddie Mac saw a noticeable decline in HARP activity during the final months of 2012, according to a new Inside MBS & ABS analysis.
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Roosevelt Identified as Winning Bidder on Arch Bay NPL Package

February 1, 2013
Paul Muolo
Roosevelt Management Co. was the winning bidder on Arch Bay Capital’s nonperforming loan portfolio, which includes roughly 4,000 distressed loans.
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Nationstar in First Ever Advance Securitization

February 1, 2013
Paul Muolo and Charles Wisniowski
Nationstar Mortgage priced $300 million of asset-backed term notes, saying the deal marks the first ever “agency servicer advance securitization.
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