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"?Read More
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.Read More
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. Read More
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.Read More
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.Read More
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