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FHA Wants to Tighten Quality Control Practices, Post-Endorsement Reviews

July 10, 2013
George Brooks
The FHA is considering whether to establish a maximum limit for “unacceptable” loans as well as a process to make post-endorsement reviews more efficient.
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Fannie Will Auction $1 Billion of Non-Agency Product

July 10, 2013
Paul Muolo
As reported by Inside MBS & ABS earlier in the year, the two GSEs are sitting on large unrealized gains on some of their MBS holdings, including non-agency.
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Short Takes: Zero-Down Mortgages for Up to $650,000 / Sandler No Longer in Total Love with Wells / National Housing Trust Fund Robbed by Regulators? / GOP Up in Arms Over Big Brother CFPB / New FHA Bill?

July 10, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Need a zero-down mortgage for $650,000? Another Washington-area credit union steps up to the plate.
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Fairholme Lawsuit Also Seeks to Void Government ‘Sweep’ of GSE Profits

July 10, 2013
Charles Wisniowski
Just as with the Perry GSE litigation, Fairholme’s suit demands that the Treasury amendment to the preferred stock purchase agreement be voided.
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Nomura Enters the Jumbo MBS Arena, Bond Heavy on California Loans

July 10, 2013
Brandon Ivey
The jumbo MBS market has another new issuer: Nomura. But the credit enhancement on its first deal was increased due to geographic concentration risk.
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PennyMac Financial Services Gets $200 Million Repo Line

July 9, 2013
Paul Muolo
PMFS, an affiliate of PennyMac Mortgage Investment Trust, said the repo line will be used to fund new residential originations.
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Mortgage Employment Begins to Fall, But FBR is Bullish on Lending

July 9, 2013
Paul Muolo
Any lender that has refis greater than 50 percent could be at risk for layoffs, said one industry consultant.
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Short Takes: It’s Gain-on-Sale Confession Time / Treasury Illegally Glomming onto GSE Profits? / Foreclosures Fall 27 Percent, But… / More Details from Richey May on Mortgage Comp

July 9, 2013
Paul Muolo, George Brooks, and Charles Wisniowski
A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.
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Credit Unions Increase MBS Holdings in First Quarter

July 9, 2013
John Bancroft
Agency MBS accounted for 98 percent of credit union investments in mortgage securities, according to Inside MBS & ABS.
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Short Takes: How Much Does Your Mortgage CEO Make? / Georgia Lender Blows Up? / The Fear of Eminent Domain Lives On / Total Mortgage Services Plans to Buy a New HQ Building

July 8, 2013
Paul Muolo and George Brooks
New report sheds light on how much nonbank mortgage workers earn.
Read More
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Latest Imf News

  • Home Equity Loan Originations Increase by 20% in Second Quarter

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More Imf News

Featured Data

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