EverBank Has Bid List for Jumbo MBS, MountainView Sets Jumbo Auction May 30, 2013 Paul Muolo and Brandon Ivey The jumbo market is heating up with offerings from both EverBank and MountainView.Read More
First- Quarter Purchase-Mortgage Market Best Since 2008 May 30, 2013 John Bancroft The estimated $119 billion in purchase-mortgage originations during the first quarter was up 15 percent over the level at the same point in 2012. Read More
Short Takes: Nonperforming Loan Prices Continue to Rise / CFPB Ready to Issue Rule for Small Lenders / Speculators Wont Like Isaksons GSE Bill / Applications Tank Again / LenderLive in New Mortgage Effort May 29, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski The auction market for nonperforming mortgages is beginning to generate heat with prices rising nicely from last year.Read More
Citigroup Settles GSE MBS Lawsuit with FHFA, No Terms Disclosed May 29, 2013 Paul Muolo Citigroup will pay Fannie Mae and Freddie Mac damages for the faulty MBS it sold to them but no one knows the cost of the settlement.Read More
Mortgage Divisions of Banks Sold Less But Earned More in 1Q13 May 29, 2013 John Bancroft Banks and thrifts reported $7.7 billion in mortgage banking income during the first three months of 2013, a 16 percent jump from the previous quarter. Read More
IMA Sets Auction Date on $1B Package of MSRs May 28, 2013 Paul Muolo New bulk MSR packages continue to hit the market. Many of the new deals have low coupons and hardly any delinquencies. Read More
Corker-Warner GSE Bill Already Dead on Arrival? May 28, 2013 Paul Muolo A new bill to replace Fannie and Freddie with a single government guarantor is already being dismissed.Read More
Short Takes: No Confirmation Hearing for Watt, Yet / Should Fidelity be Allowed to Buy LPS? / Short Selling in REITs Falls / $2.3 Billion of Foreclosure Relief Checks and Counting / A Clarification May 28, 2013 Paul Muolo and Thomas Ressler The Senate Banking Committee has yet to schedule a confirmation hearing for Mel Watt to head FHFA. Does this lack of action mean anything?Read More
Bank MBS Investment Continued to Shrink in Early 2013 May 28, 2013 John Bancroft Bank investment in residential MBS fell 1.1 percent during the first quarter of 2013 to $1.562 trillion. Read More
Freddie to Impose Charges on Seller/Servicers for Not Doing Enough Business May 28, 2013 Charles Wisniowski Come next year, Freddie Mac will assess lenders a fee of $7,500 if they fail to deliver mortgage loans with an aggregate principal balance of more than $5 million. Read More