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FHFA’s DeMarco Promises Movement on Common MBS Platform in 2013, $30 Billion in Risk Sharing, and NPL Sales

March 4, 2013
Paul Muolo
It appears the GSE "common" securitization platform will happen this year.
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Yes, Subprime Lending is Finally Back / Will Fannie Post 4Q Earnings of $8 Billion? / FHA User Fees? / 17,000 FHA Loans to Hit the Auction Block / UGI Now # 1 / Wells Fargo Loses Top Regional Manager

March 1, 2013
Citadel Servicing has raised $200 million in capital to originate residential subprime mortgages. Does this mean subprime lending is "back"? Answer: yes and no.
Read More

Feds Want Industry Input on Social Media Risk, Compliance, More

February 7, 2013
Thomas Ressler
The Federal Financial institutions Examination Council is taking a close look at social media and the risks it poses to financial institutions, including mortgage lenders.
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Nationstar, in a Bid to Diversify, Agrees to Buy Settlement Services Division From Equifax

February 6, 2013
Paul Muolo
Nationstar Mortgage has agreed to buy the settlement services unit of Equifax.
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FHFA: GSEs Have Developed a Prototype of Securitization Platform

February 5, 2013
Brandon Ivey
Fannie Mae and Freddie Mac have developed a prototype of its standard securitization platform.
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Nationstar Mortgage Eyeing Valuation/Title Purchase?

February 4, 2013
Paul Muolo
Nationstar Mortgage may purchase the valuation and title division of another company.
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Short Takes: FHA Volume on Fire / Walter Expects Big Earnings / JPM-Quicken Software Deal Finalized? / Dimon Says Getting a Mortgage Will Become Easier

February 1, 2013
Paul Muolo
Inside Mortgage Finance shortly will publish its final 4Q ranking of FHA lenders, but it appears that the October-December period was one of the strongest in terms of loan production in quite some time ...plus other mortgage briefs.
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Fannie Continues Its Clampdown on New Seller/Servicers, More…

February 1, 2013
Relatively new players to the world of Fannie Mae approvals are starting to gripe a little more about the “volume curbs” that the GSE is placing on its “newbie” customers. One mortgage banker, who spoke under the condition his name not be used, told Inside Mortgage Finance ...
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Nationstar Plans to Branch Out Into Title, REO, Field Services, More

February 1, 2013
Paul Muolo
Nationstar Mortgage is telling potential investors in the company that it plans to be a significant player in settlement services, REO management, processing and other areas.
Read More

LPS Settles With State AGs Over Robo-Signing

February 1, 2013
Thomas Ressler
Lender Processing Services settles robosigning allegations with the states.
Read More
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