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Sen. Warren Continues to Press FHFA on G-Fee Price Breaks

August 8, 2013
Paul Muolo
Specifically, Sen. Warren says she wants information on seller/servicers that were granted price breaks and the “basis” for “granting more favorable terms.”
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FHA Multifamily Authority About to Expire

August 8, 2013
George Brooks
According to the Department of Housing and Urban Development, FHA has nearly exhausted its $25 billion authority for FY 2013 to insure multifamily, risk share and health care programs.
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Fannie Earns $10.1 Billion in 2Q, Could 'Repay' Treasury by Year-end

August 8, 2013
Paul Muolo and Charles Wisniowski
In other words, if Fannie keeps earning money at this rate, it could repay its “debt” to Treasury by year-end or the first quarter of next year.
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Redwood Expects to Turn Small Profit on Lower Coupon Jumbos

August 8, 2013
Brandon Ivey
Redwood Trust said it expects to hit its goal of acquiring $8 billion in non-agency jumbos in 2013, “but it won’t be easy" company officials said.
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Short Takes: So, Why Does the White House Want to Kill the GSEs? / Politicians Continue to Bash Fannie and Freddie / BofA Cuts Servicing Jobs in Pittsburgh / Wholesale Lending Makes a Comeback / Impac Comes on Strong

August 7, 2013
Paul Muolo
Who says that wholesale lending through loan brokers is dead? Carrington Mortgage and other firms are expanding in the sector.
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Mortgage Insurers Turn in Best Quarter in Five Years, Take Share from FHA/VA

August 7, 2013
John Bancroft
For the first time in six years, the four surviving private MIs reported a combined profit on their domestic MI business during 2Q13.
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BofA Hit with Lawsuits from DOJ, SEC on Non-Agency Jumbo MBS

August 7, 2013
Brandon Ivey
The SEC said the deal has taken nearly $70 million in losses – the greatest loss rate of any comparable securitization from Bank of America. An additional $50 million in losses are expected.
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Freddie Earns $5 Billion, G-Fee Charge at 51 Basis Points

August 7, 2013
Paul Muolo
In its earnings release, Freddie said it will not capture its deferred tax asset (DTA) valuation allowance which now stands at $28.6 billion.
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FHFA IG Raises Questions About Continued Success of HARP

August 7, 2013
Charles Wisniowski
“It is difficult to project how many HARP-eligible loans will ultimately be refinanced,” the FHFA IG writes in a new report.
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Two Harbors Loses Money in 2Q, Large MSR Deal in the Works

August 7, 2013
Brandon Ivey
Two Harbors revealed that it is advanced talks to purchase a potentially significant portfolio of mortgage servicing rights later this year.
Read More
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Latest Imf News

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