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With New HUD Letter, It Looks Like Curtains for Eminent Domain

August 14, 2013
George Brooks
Any private label mortgage seized through the use of eminent domain will not be eligible for FHA coverage, HUD hints in a new letter.
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Fannie, Freddie Capital Markets Staff Turnover Mitigated For Now

August 14, 2013
Charles Wisniowski
The IG's evaluation survey found that the total cumulative voluntary attrition rate at Fannie’s capital markets group “increased somewhat” from January 2010 through 2012.
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Two Harbors to Issue its First Non-Agency Jumbo MBS

August 14, 2013
Brandon Ivey
The publicly traded REIT is jumping into the jumbo MBS market with its first deal. Many of the loans come from nonbanks.
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HUD May Scotch Richmond's Eminent Domain Dreams

August 13, 2013
George Brooks
According to a new letter obtained by Inside Mortgage Finance, HUD says it is uncertain whether any new loan created under the controversial eminent domain plan would qualify for FHA insurance.
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Four Banks Contemplating Nonprime Warehouse Lines?

August 13, 2013
Paul Muolo
Is the warehouse market about to open up to select hard money lenders? Perhaps, but it won't be a tidal wave.
Read More

FHFA Hires Spencer Stuart for Common Securitization Platform CEO Search

August 13, 2013
Paul Muolo
FHFA has handed over a list of CEO candidates to Spencer Stuart, which bills itself as an international recruiting firm with 54 offices in 29 countries.
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Short Takes: CashCall Sued by NY AG but Not Over Mortgages / Sen. Jack Reed Shows Some Love for the GSEs / QRM Coming Soon? / ASF Tells Servicers to Reject Eminent Domain Offers / Trailer Park Loans Get an Appraisal Break

August 13, 2013
Paul Muolo and George Brooks
CashCall may be in trouble with New York State. So, where's Senator Reed's GSE bill?
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Rep. Hensarling Defends PATH Act, Says 30-Year FRM Will Survive

August 13, 2013
Charles Wisniowski
The PATH Act awaits a vote on the House floor. But Hensarling’s measure is widely viewed as a non-starter in comparison to the Senate’s bipartisan Corker-Warner bill.
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Nonprime MBS Holdings by Fannie and Freddie Down 12 Percent

August 13, 2013
Brandon Ivey
Fannie sold $2.2 billion of non-agency assets in the first half of the year. Meanwhile, Freddie sold at least $1 billion of non-prime MBS in May.
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Bulk Market Continues to Spit Out MSR Offerings

August 12, 2013
Paul Muolo
Investors searching for residential servicing rights can take a run at new offerings from Interactive Mortgage Advisors and MIAC, among others.
Read More
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