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Short Takes: About That White House Mortgage Meeting… / Wells Confirms It May Hire MSR ‘Project Manager' / NPL Sales Could Double / Mortgage Applications Rise, So Do Refis

April 10, 2013
Paul Muolo
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
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Non-Agency Jumbo MBS Issuance Took Off Like a Rocket in First Quarter

April 9, 2013
Brandon Ivey
Just how hot is the jumbo MBS market? Consider this: Some $3.95 billion in non-agency jumbo MBS was issued in the first quarter, compared with $3.46 billion in issuance in all of last year.
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BofA Settlement Boosts NCUA Recoveries From Bad MBS Deals

April 9, 2013
George Brooks
The National Credit Union Administration keeps racking up the "wins" in its drive to recover losses on faulty MBS sales.
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Wells Fargo Searching for Executive to Aid the Bank in Selling Servicing

April 9, 2013
Paul Muolo
Wells Fargo is in the hunt for a top servicing executive to aid the bank in its pursuit of MSR sales, sources told Inside Mortgage Finance.
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Ginnie Mae Issuance Drops in 1Q, Wells and JPM Continue to Dominate

April 8, 2013
George Brooks
Ginnie Mae production fell 5 percent in the first quarter, marking a slowdown in FHA/VA lending, but the decline could be temporary.
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Bank of America Selling $16 Billion of Servicing Rights

April 8, 2013
Paul Muolo
Bank of America is once again offering for sale a large package of mortgage servicing rights and at least a half-dozen or so buyers are lining up to bid.
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UBS Loses Appeal to Dismiss FHFA Subprime MBS Case

April 8, 2013
Charles Wisniowski
After losing an appeal, the UBS MBS case brought by the Federal Housing Finance Agency is set for trial early next year.
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Short Takes: Obama Budget Cliff Hanger: Will FHA Need an ‘Appropriation?’ / Of Hedge Funds and GSE Acknowledgement Letters / Union Bank Expands Commercial Presence / Competition for ASF

April 8, 2013
Paul Muolo and Brandon Ivey
Will FHA need a government bailout? Better read the new Obama budget document.
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GSE Business Volume Up Slightly in Early 2013

April 5, 2013
John Bancroft
Fannie Mae and Freddie Mac securitization volume reached its highest level in nearly four years during the first three months of 2013, according to a new Inside Mortgage Finance market analysis and lender ranking.
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Non-Agency Jumbo MBS Issuance in 1Q13 Tops Issuance for All of 2012

April 5, 2013
The non-agency jumbo mortgage-backed security market expanded significantly in the first quarter of 2013, with more new issuance than was produced in all of last year, according to the Inside Mortgage Finance MBS Database. Issuance showed no signs of slowing down entering the second quarter, led by Redwood Trust. Some $3.95 billion in non-agency jumbo MBS was issued in the first quarter, compared with $3.46 billion in issuance in all of last year. The last time non-agency ... [Includes one data chart]
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