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Slight Increase in G-Fees Would Equalize Agency/Non-Agency Pricing

May 15, 2013
Brandon Ivey
Guaranty fees need to be raised by roughly 10 basis points in order for the pricing between agency and non-agency deals to be comparable, according to a new report.
Read More

Subprime Lender Deephaven Searching for Warehouse Lines

May 15, 2013
Paul Muolo
Is the warehouse lending community closed to new subprime lenders, even if they have high downpayment requirements?
Read More

Shellpoint Provides More Details on First ‘Nonconforming’ MBS

May 15, 2013
Paul Muolo
A planned MBS from Shellpoint could provide more liquidity for loans made to self-employed borrowers.
Read More

Short Takes: Turn the GSEs Into a Cooperative? / Share Price of Fannie Common Getting Frothy / FHA Finally Gets Some Good News / LPS Launches New Product / Fannie Ready for Modifications

May 15, 2013
George Brooks, Paul Muolo, and Charles Wisniowski
Why is the share price of Fannie Mae's junior preferred stock rising so much? Also, send Freddie Mac "back to the future"?
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GSE Mortgage Portfolios Continued to Shrink in First Quarter

May 14, 2013
John Bancroft
Fannie Mae and Freddie Mac are continuing to shrink their retained portfolios as mandated by their regulator.
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FHFA Called on to Turn Jumbo Market Over to Non-Agency Sector

May 14, 2013
Brandon Ivey
One mortgage expert warns that lowering GSE loan limits one step at a time to $417,000 could leave parts of the residential market underserved.
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Freddie Streamlined Modification Program to Boost MI Sector

May 14, 2013
Paul Muolo
A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring.
Read More

Short Takes: Sen. Franken Tries to Tell Wall Street How to Rate Deals / Impac Rewards Top Executives Nicely / A New Player in Warehouse Lending? / 360 Mortgage Continues to Expand in Wholesale / Two New Subcoms from MISMO

May 14, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.
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Earnings Boost From Originations Offset Servicing Downturn in 1Q13

May 13, 2013
John Bancroft
Income tied to residential servicing was down 27.7 percent for the 10 lenders as a group.
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IMA Closes Two Large Bulk MSR Sales

May 13, 2013
Paul Muolo
Investors have stepped up to the plate, buying new large bulk MSRs put out for auction by Interactive Mortgage Advisors.
Read More
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