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Wells Fargo Will Pay Freddie Mac $869 Million to Settle Pre-2009 Buybacks

October 1, 2013
Charles Wisniowski
Wells Fargo is the latest megabank to settle buyback claims with a GSE. Who might be next?
Read More

Second Shellpoint Jumbo MBS Deal Delayed

October 1, 2013
Brandon Ivey and Paul Muolo
Sources contend that other pending jumbo deals could be reduced in size until the market improves.
Read More

Brokers Contemplate Switch to Correspondent Status to Survive CFPB Rules

October 1, 2013
Thomas Ressler
Some in the mortgage broker community have suggested that operating as a mini-correspondent could help brokers bypass points-and-fees complications with the qualified mortgage definition under the ATR rule.
Read More

REIT With Ties to Freedom Mortgage Moves Closer to IPO Date

October 1, 2013
Paul Muolo
A flurry of new SEC filings suggests that Cherry Hill Mortgage Investment Corp. may go public this week, possibly by Friday.
Read More

Short Takes: What Government Shutdown? Senate Panel Meets on Non-Agency Market / CashCall Offering a 2.99 Percent Mortgage / Stonegate Updates IPO Filing / How to Best Loosen Mortgage Credit? / Mark Korell Returns to Mortgage Banking

October 1, 2013
Brandon Ivey, Paul Muolo, and Charles Wisniowski
Is refi specialist CashCall still on the auction block? It’s hard to say since the company doesn’t return telephone calls about the matter.
Read More

Plaza Home Settles Discriminatory Pricing Case With HUD

September 30, 2013
George Brooks
The government accused the San Diego-based Plaza Home of charging black and Hispanic borrowers higher fees than white borrowers on mortgages sourced through the wholesale channel.
Read More

FHFA IG Dings Agency for Lack of Clarity, Oversight of Fannie’s REO Pilot

September 30, 2013
Charles Wisniowski
Critics of program contend that the strings attached by Fannie Mae require too much oversight of REO investors, driving away potential top bidders.
Read More

FHA Warns That Its Commitment Authority Will Run Out if Shutdown is Not Brief

September 30, 2013
Paul Muolo
FHA will continue to insure mortgages if the government closes but cautions that its commitment authority eventually will run dry. Potential homeowners "will be impacted," it warns.
Read More

Short Takes: GSE Loan Limit Announcement Coming… / Kyle Bass Likes PennyMac / Will PennyMac Issue an NPL MBS? / Investors Gobble Up Nationstar Paper / MBA Chief Economist Stepping Down

September 30, 2013
Paul Muolo
The much anticipated announcement on lower GSE loan limits could be pushed back to mid-October.
Read More

Federal Reserve Closes in on Commercial Banks as Top MBS Investor in the World

September 27, 2013
John Bancroft
The Federal Reserve continues to be an MBS hog, so much so that it may soon surpass commercial banks as being the top holder of these securities.
Read More
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