Sen. Warner Paid a Visit to Freddie Mac, GSE Bill in the Works May 22, 2013 Paul Muolo Sen. Warner recently paid a visit to Freddie Mac employees but offered little information about his pending GSE bill.Read More
Freddie and Fannie Ready to Sell MBS to Investors May 22, 2013 John Bancroft and Paul Muolo Fannie and Freddie were ordered by their regulator to sell illiquid securities. But those bonds may fetch a nice price in the secondary market.Read More
Short Takes: Fannie and Freddie Sitting on Huge Portfolio Gains? / Mortgage Applications Get Hammered / Who Really Owns the Common Securitization Platform? / LPS Sees a New Low for Late Payments / 360 Mortgage to the Rescue May 22, 2013 Paul Muolo Are Fannie Mae and Freddie mac sitting on huge untapped profits? Read More
More GSE Business in Multi-Issuer Pools as Smaller Firms Cope with Depleted Correspondent Channel May 21, 2013 John Bancroft Many smaller mortgage lenders are looking for alternatives to selling loans to large national aggregators like Wells Fargo.Read More
HSBC, Wells Fargo Test the NPL Market With Huge Auctions May 21, 2013 Paul Muolo Wells Fargo and HSBC are stepping up sales of nonperforming mortgages, while keeping a lid on the details. Read More
New Ginnie Mae Buyout Policy Eliminates Consecutive Lates May 21, 2013 George Brooks MBS issuers, under a new proposal, will have greater leeway in buying delinquent mortgages out of Ginnie Mae pools.Read More
Short Takes: New York Slow on Loan Officer Approvals / GSEs Win Transfer Tax Case / Will the CFPB Unionize? / City National Enters Warehouse Space / Fay Servicing to Ramp up Hiring May 21, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski New York State may be among the worst in the nation when it comes to approving loan officer applications.Read More
Watt FHFA Nomination Hearing Wont Come Until Mid-June, a Plan B? May 20, 2013 Charles Wisniowski Progressives and other Dump DeMarco advocates are looking to a Plan B to replace the current acting head should Rep. Mel Watts nomination be significantly prolonged or even stall. Read More
Ocwen Dominates the Subprime Servicing Market with a 33.7% Market Share May 20, 2013 Brandon Ivey Ocwen had $155 billion of subprime servicing contracts at the end of the first quarter, more than double its next closest competitor.Read More
MountainView Hits Market with Two More MSR Deals May 20, 2013 Paul Muolo The bulk servicing market continues to heat up. MountainView is out with two new deals.Read More