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GSEs Take Bigger Share of Purchase Mortgages

February 7, 2013
Brandon Ivey
Fannie Mae and Freddie Mac's share of purchase-mortgage originations has increased each of the last two years, according to a new analysis by Inside Mortgage Trends.
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Short Takes: Nationstar Targets the Magic $500 Billion Mark in MSRs / Annaly Sells MBS and Makes a Killing / PHH Sees GOS Slip / Second Lien NPLs Red Hot?

February 7, 2013
Paul Muolo
Nationstar sets a target goal of amassing $500 billion of mortgage servicing rights.
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Two Harbors Working Toward Non-Agency MBS Deal

February 7, 2013
Brandon Ivey
Mortgage REIT Two Harbors continues to work away at a potential jumbo MBS deal.
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Correspondent Loans Sold to Fannie and Freddie Rise

February 6, 2013
John Bancroft and Paul Muolo
Residential mortgages sourced through the correspondent channel and sold to Fannie Mae and Freddie Mac increased by 26 percent in 2012 compared to the year before.
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Short Takes: First Guaranty’s MSRs Hit $1.5 Billion / Fear of Higher Net Worth Rules for GSE Sellers / FHFA Watchdog Looking For Tips on Fannie and Freddie Abuses / Genworth MI Continues to Struggle

February 6, 2013
Paul Muolo and Charles Wisniowski
First Guaranty is experiencing strong growth in its servicing business. Meanwhile, lenders worry about higher net worth requirements from the GSEs.
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Sued by DOJ, S&P Was Top Rating Agency of Subprime MBS During Go-Go Years

February 5, 2013
Paul Muolo
Standard & Poor's, which had a huge ratings market share tied to subprime MBS, was sued by the government for negligence.
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Bank Known for Its Entertainment Business Enters Warehouse Space

February 5, 2013
Paul Muolo
City National Bank of Los Angeles is entering the mortgage warehouse business.
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FHFA: GSEs Have Developed a Prototype of Securitization Platform

February 5, 2013
Brandon Ivey
Fannie Mae and Freddie Mac have developed a prototype of its standard securitization platform.
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Year of Record Profits Ends Softly as Mortgage Banking Slowed in 4Q12

February 4, 2013
John Bancroft
Mortgage bankers of all sizes continued to report strong earnings on their mortgage banking operations during the fourth quarter of 2012, but the salad days may be over.
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FHFA Promises GSE Risk-Sharing Bonds Will Be Issued Soon

February 4, 2013
Brandon Ivey
The FHFA is getting closer to announcing risk sharing bonds for Fannie Mae and Freddie Mac.
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