Two Harbors Reveals Name of Mortgage Banker it Purchased May 8, 2013 Brandon Ivey Besides entering the servicing arena, Two Harbors Investment Corp. is building an originator network to issue non-agency jumbo mortgage-backed securities on its own.Read More
GSEs Consider Expanding Scope of Common Securitization Platform May 7, 2013 John Bancroft The GSE "common securitization platform" is under construction and already potential add-ons are being discussed, including a loan acquisition module. Read More
Nationstar to Buy Direct-to-Consumer Lender, Increases Flow MSR Goals May 7, 2013 Paul Muolo Nationstar Mortgage is getting serious about the origination business. On Tuesday it revealed plans to purchase a high-volume call center operation.Read More
Servicer Advance Securitization is Growing but Concerns Persist May 7, 2013 Brandon Ivey The market for securities backed by servicer advances is red hot, but S&P says investors face risks. Read More
Caliber Enters the Correspondent Channel, Taps PennyMac Executive May 7, 2013 Paul Muolo Caliber Funding sees a huge opportunity in correspondent lending.Read More
Short Takes: Industry Wants Lower GSE Loan Limits / FirstREX Will Take Equity in a Home / Cramer Likes Ellie / United Guaranty on a Roll / About that FHA Premium Promise May 7, 2013 George Brooks and Paul Muolo The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?Read More
MBA Pushes for Single GSE MBS With New G-Fee Structure May 6, 2013 John Bancroft The game is on: MBA wants a single GSE security and will lobby aggressively on the issue. Read More
Nationstar Launches $1.375 Billion Debt Offer, Mentions Suspension of Foreclosures May 6, 2013 Paul Muolo Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap. Read More
FHFA Limits GSEs to Only Qualified Mortgages, So Long Interest-Only Loans May 6, 2013 Charles Wisniowski It's official: Come January of next year, Fannie Mae and Freddie Mac will only be able to purchase qualified mortgages. Read More
Steadfast Wants to Help Nonbanks Raise Capital / Stevens Seeks a Dialogue with FHFA on New Regs / BofA (Sort of) Comments on MSR Sale / Daurio Continues Hunt for Subprime Cash / GSE MF Worthless? May 6, 2013 Paul Muolo and Charles Wisniowski A new investment banking firm wants to help nonbanks raise capital.Read More