Short Takes: The QRM Rule: 5% Down? / Jumbo Prices Getting Frothy? / Applications Fall but Don’t Panic / MSR Auctions of All Sizes February 14, 2013 Paul Muolo and Brandon Ivey Three senators are pushing for 3 percent downpayment language on the QRM rule.Read More
$20 Billion of TBW MSRs Being Shown to Selected Bidders February 14, 2013 Paul Muolo Roughly $20 billion of mortgage servicing rights that once belonged to Taylor, Bean & Whitaker are quietly being shopped around.Read More
Short Takes: FHA Chief Worries About Pricing Borrowers Out of the Market / Fortress Has Plenty of Cash to Spend on MSRs / Former Freddie Executive Key Player in Cerberus REIT / New Penn Hires Correspondent Chief / Fay Servicing Who? February 13, 2013 Paul Muolo and George Brooks Fortress Investment Group has raised $1.6 billion to buy mortgage assets, including servicing rights.Read More
Fannie Moves Closer to Selling Nonperforming Mortgages, Hires Milestone February 13, 2013 Paul Muolo Fannie Mae is working on a plan to sell billions of dollars of nonperforming loans in the second quarter. Read More
Industry Expects GSEs to Double Seller Net-Worth Minimum February 13, 2013 Paul Muolo Officially, the GSE net-worth minimum is set at $2.5 million, but some in the industry think it will double eventually.Read More
Short Takes: Is PennyMac Really a Subsidiary of PNC? / 5 Percent Will be the Downpayment Threshold in the QRM Rule / Yet Another New Player in Mortgage Insurance / MIAC Selling MSRs February 12, 2013 Paul Muolo Is PennyMac Financial Services, which just filed for an IPO, really part of PNC? Read More
JPMorgan Chase Working on Jumbo MBS February 12, 2013 Paul Muolo and Brandon Ivey JPMorgan Chase is working on a jumbo MBS deal but it may place the bond in the the private market. Read More
Short Takes: BlackRock Hikes Stake in Redwood / Nationstar Has No Shortage of Bankers / Fed Governor Worries About MBS-Investing REITs / Dems Want Action on DeMarco’s Successor / Radian Loses Money But… February 11, 2013 Paul Muolo and Charles Wisniowski Is BlackRock up to something regarding its investment in Redwood Trust? Read More
New GSE 'Reps and Warrants' Policy May Have Caused MBS Surge February 11, 2013 John Bancroft GSE MBS issuance increased in January and the most likely explanation may be new, more seller-friendly repurchase policies at Fannie Mae and Freddie Mac. Read More
Hedge Fund Giant Cerberus Files IPO to Invest in MSRs, MBS, More February 11, 2013 Paul Muolo Hedge fund giant Cerberus is forming a mortgage investing REIT that will target not just MBS but servicing rights and related assets.Read More
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