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California Still Loves Loan Brokers – A Lot

January 6, 2015
John Bancroft
Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...
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Mortgage Sales by Depositories Spike 25 Percent

January 5, 2015
John Bancroft
In 3Q the top seller of mortgages into the secondary market was Wells Fargo with $39.29 billion, a 12.7 percent sequential improvement.
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Yet More Mortgage Charges for SunTrust, This Time for $145 Million

January 5, 2015
Brandon Ivey
SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.
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Servicing Market Heats Up Early: A $4.2 Billion MSR Portfolio from MVSG

January 5, 2015
Paul Muolo
MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”
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What We’re Hearing: The Top Mortgage Stories of 2014: A Kinder, Gentler FHFA; The Ocwen Disaster; Nonbanks (Except for Ocwen) Continue to Thrive; The End of QE; A Mortgage M&A Boom in Miniature; The FHA MMIF Returns to the Black…

January 2, 2015
Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)
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Are Fannie and Freddie Lobbying Again? In Subtle Ways?

December 30, 2014
Ed Roberts
Rep. Scott Garrett, R-NJ, is concerned that Fannie and Freddie have resumed lobbying, at least in subtle ways.
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Short Takes: PennyMac Gets Hike on Repo Line / More on Ocwen’s Erbey / Rep. Royce Will Try to Stop the GSE Housing Trust Fund Contributions / What the New VA Loan Limits Mean

December 30, 2014
George Brooks and Paul Muolo
A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”
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Worry Wall: GSE Buybacks Tied to 2013 Production on the Rise

December 30, 2014
John Bancroft
The 2013 GSE book of business is getting a lot more attention from Fannie Mae and Freddie Mac.
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More Firms Angle for Whole-Loan Trading

December 30, 2014
Thomas Ressler
FIG Partners will now buy or sell performing and non-performing residential mortgages and much more.
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CBO Weighs Auction of Fannie And Freddie MBS Guarantees

December 30, 2014
The Congressional Budget Office in December opened a new approach to GSE reform that could become a middle ground between GOP hardliners who want to entomb Fannie Mae and Freddie Mac and lawmakers who want to keep some form of the current system. One way to reduce the GSEs’ footprint in the mortgage market would be to auction a limited supply of Fannie and Freddie mortgage-backed securities guarantees to the highest bidders, the CBO suggested ...
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Latest Imf News

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