Although Wells Fargo officially exited the broker market two years ago, it apparently still does a tiny amount of business through the channel.

MIAC is out with a new $73 million Fannie package and MountainView and The Prestwick Group are working on transactions as well.

The FHA’s annual independent actuarial review of the MMIF showed a capital reserve of 0.41 percent at Sept. 30, 2014.

And there could be some good news on lower LLPAs. Fannie said that come May 2015, it will change how it treats loans where there are two or more borrowers...

Wells Fargo estimates that a settlement could cost the bank at least $950 million.

Private mortgage insurers reported hefty increases in the volume of new insurance written during the third quarter of 2014, according to a new Inside Mortgage Finance ranking and analysis. The seven active private MIs wrote primary insurance coverage on $53.95 billion of new mortgage originations during the third quarter, a gain of 22.8 percent from the previous period. On a year-to-date basis, total new primary insurance by the MIs was still down 22.4 percent from the first nine months of last year, mostly because activity in the Home Affordable Refinance Program has declined sharply. HARP accounted...[Includes three data charts]

Are investors in Ocwen jumping for joy now that word is out that NYDFS chief Benjamin Lawsky might be leaving next year?

The Fannie product also had less expensive mortgage insurance and allowed the borrower to cancel the policy once the LTV reached 80 percent of the home’s value.

However, these same sources contend that Ocwen was successful in selling a smaller package of Ginnie MSRs.

Disparate Impact Theory of Legal Liability Struck Down. Last week, the U.S. District Court for the District of Columbia dealt a heavy blow to the position of the Department of Housing and Urban Development – as well as the CFPB – that disparate impact claims are cognizable under the Fair Housing Act. In American Insurance Association v. U.S. Department of Housing and Urban Development, the judge struck down HUD’s disparate impact rule, determining that the Fair Housing Act prohibits “disparate treatment only.” In promulgating its disparate impact rule, the court said HUD exceeded its authority under the Administrative Procedures Act. “The ruling is in line with what we have long believed the law to be and consistent with what we argued in ...