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Short Takes: Genworth Executive Bolts for Servicer / Hedge Funds Get Cold Shoulder from the GSEs? / Chimera Continues to Have Reporting Problems / The Cordray Saga Continues / PLS Modifications at 45 Percent

March 20, 2013
Paul Muolo and Thomas Ressler
Genworth is losing a top MI executive to a mortgage servicer. And more woes for Chimera...
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Fewer Prepayments Expected on Recent Non-Agency Jumbo MBS

March 20, 2013
Brandon Ivey
Stable interest rates are making refinancing less attractive to the newest mortgage borrowers, which should keep prepayment rates very low.
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FHFA IG Raises the Question of Whether $93 Billion in GSE Deferred Tax Assets Can Be Captured

March 20, 2013
Paul Muolo and Charles Wisniowski
Can Fannie Mae and Freddie Mac capture $93 billion in deferred tax assets - money that ultimately will flow through to the U.S. Treasury?
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Short Takes: HUD Ready to Slash Contractors / CoreLogic Sees Improvement in Underwater Homes / Two Harbors Raises $673 Million / HSBC Planning the Mother of All NPL Auctions?

March 19, 2013
Paul Muolo
HUD may be forced to cut some of its vendors due to the federal sequester. Meanwhile, Two Harbors raises $673 million.
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Kondaur Active in the NPL Market Again: Sources

March 19, 2013
Paul Muolo
It would appear that Kondaur Capital of Orange, CA, is once again actively seeking out portfolios of nonperforming loans.
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Sources: FHFA Blocked Fannie Tax Deferral Which Could’ve Topped $60 Billion

March 18, 2013
Paul Muolo
Fannie Mae could be in line to book $60 billion in assets, money that could be counted as net worth and change its immediate financial outlook.
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Residential Loan Sales by Banks Increased 37 Percent in 2012

March 18, 2013
John Bancroft
Mortgage banking units owned by banks and thrifts generated $1.55 trillion in loan sales during 2012, a 36.9 percent jump from the previous year.
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IRS Issues Conflicting Opinion on Deductibility of REO Costs

March 18, 2013
Brandon Ivey
Historically, many banks have deducted expenses associated with REO, but all that may soon change thanks to a new IRS ruling.
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Citibank Hikes Repo Line to PennyMac

March 18, 2013
Paul Muolo
Citibank continues to finance PennyMac and its affiliates. The bank recently increased a repo line it had with the publicly traded REIT.
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Short Takes: New York AG Schneiderman and Other AGs Want DeMarco Replaced Now / Federal Reserve Banks Tapped for CFPB Expenses / Hallmark Enters Wholesale Arena / Two New Wholesale AEs for 360 Mortgage

March 18, 2013
Paul Muolo and Thomas Ressler
Nine Attorneys General, unhappy with the pace of loan modifications, are calling for the immediate dismissal of acting FHFA director Edward DeMarco.
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Latest Imf News

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More Imf News

Featured Data

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