Some 1.0 million outstanding borrowers in the Home Affordable Modification Program are eligible for new incentives announced this week by the Treasury Department and the Department of Housing and Urban Development. Among other changes, HAMP borrowers will be eligible to earn $5,000 in the sixth year of their modification. The incentive payment is in addition to the $5,000 that has been available to HAMP borrowers that remained current ... [Includes three briefs]

Final PMIERS Rule Expected in 1Q15. The Federal Housing Finance Agency has revised its timeline for publishing a final version of the Private Mortgage Insurance Eligibility Requirements, which Fannie Mae and Freddie Mac proposed in July at the direction of the FHFA. The PMIERS will establish capital and other requirements for private mortgage insurers. In a statement, industry trade group U.S. Mortgage Insurers said it has received word from the agency that the final PMIERS would not be published until at least late in the first quarter of 2015. The FHFA initially indicated that a final rule would be issued by yearend 2014. The USMI reiterated its support for an updated PMIERS. Mortgage Executives Concerned About G-Fee Increase. A survey of mortgage executives at this year’s Mortgage Bankers Association annual conference found 53 percent saying that ...

The original CO established an on-site compliance monitor at Ocwen, one of the nation’s largest servicers of delinquent loans.

The Philly Fed argues that a mortgage "strip-down" could make homeowners better off and not harm lenders.

The Treasury Department noted that QRM standards do not include requirements for loan-to-value ratios.

Some 61 percent of mortgage executives believe lenders are overly restrictive with underwriting standards.

The sharp increase in industry holdings was fueled by a massive acquisition of credit card ABS by TD Bank...

Eventually, PMFS hopes to securitize its originations through PMMIT. Initially, its maximum loan amount will be $10 million,

Prospect Mortgage is the top contributor to the deal with an 11.2 percent share of the collateral.

A new poll from IMFnews and Inside Mortgage Finance suggests that lenders are hardly optimistic that the R&W changes will amount to anything.