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Inside Mortgage Trends
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Dueling Reports Offer Contrasting Analyses of FHA’s Financial Condition, Some Trends Indicate Improvement

July 1, 2015
The FHA is either close to achieving full recovery or nearing collapse and needing a potential taxpayer bailout, depending on which of two opposing views is more persuasive. The conflicting views stem from the latest analyses of the FHA’s health conducted by Potomac Partners, a mortgage industry consultancy, and the American Enterprise Institute’s International Center on Housing Risk. Both reports looked into FHA risk, mortgage performance, delinquency rates ...
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A Final Tally From the FHFA: Record G-Fees/LLPAs in 2014

June 30, 2015
Paul Muolo
Prior to the financial crisis and the government takeover of Fannie and Freddie, some seller-servicers had “strategic alliance” deals that allowed them to pay under 15 basis points in g-fees...
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Short Takes: So, Where’s the Rate Plunge? / MBS Prices? / CitiMortgage Fails a Servicing Metric / Pending Home Sales Bright / A New Hire for DocMagic

June 30, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
With Greece ready to crack up, it was thought that mortgage rates might plunge. But it hasn't happened yet...
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Jumbo Underwriting Standards: Yes, There’s Variety

June 30, 2015
Brandon Ivey
The rating service reviewed 70 aspects of underwriting, including minimum credit scores, loan limits, tax return standards and appraisal requirements.
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Fitch Ranked First in ABS Ratings During Early 2015

June 30, 2015
John Bancroft
Fitch raised its ABS rating share from 55.0 percent for all of 2014 to about the same level it had back in 2013.
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RoundPoint Buyer Walks, Firm Still Open to Offers

June 29, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, at March 31, RoundPoint serviced $46.88 billion in home mortgages.
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Bank Holdings of Non-Agency MBS Dwindle

June 29, 2015
Brandon Ivey
Bank holdings of non-agency MBS declined by 16.1 percent compared with the first quarter of 2014...
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After Hedge Fund Accumulates Large Stake, Walter Enacts ‘Poison Pill’ Language

June 29, 2015
Paul Muolo
In total, the Baker Street hedge fund now controls 8.4 million shares of Walter Investment Management, the parent company of Green Tree Servicing.
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Another Call Center Operation Sold: Prospect Mortgage Buys Certain Assets of CapWest

June 29, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, the privately held Prospect ranks 34th among all residential lenders.
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On the Rise: Securitization of VA Jumbo Mortgages

June 29, 2015
George Brooks
VA jumbo originations outpaced FHA jumbo production, which totaled $2.8 billion in the first quarter, up 17.0 percent from the prior quarter.
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