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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.
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LPS Settles With State AGs Over Robo-Signing

February 1, 2013
Thomas Ressler
Lender Processing Services settles robosigning allegations with the states.
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National MI Gets Closer to Issuing First Policy, 360 Mortgage Continues to Hire, Flagstar Cleanup Continues, Refi by Clicking Your Mouse

January 31, 2013
Paul Muolo and Thomas Ressler
National MI, the Emeryville, CA-based mortgage insurer started by former executives at The PMI Group, has yet to write its first policy, but may soon.
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Short Takes: BofA’s Mortgage Dream, Apps Clobbered, Ellie a Star?

January 30, 2013
Paul Muolo
Here’s a pop quiz: Which top-ranked lender saw its residential fundings fall by 58 percent during the first nine months of the year while the rest of the competition soared? Answer: Bank of America.
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Whole Loan Trades Take Up the Slack

January 18, 2013
Much attention over the last few years has centered on how best to help revive non-agency mortgage securitization. But recent advances in technology have enabled whole loan trading to emerge as a viable alternative that is filling some of the void left in the marketplace by less securitization. “At least in the U.S. residential debt market, we are seeing a much larger market for the trading of whole loans,” said Wyck Brown, president of Denver-based BlackBox Logic, a provider of loan-level data aggregation, analytics and consulting services. “Large whole loan blocks can ...
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