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HUD’s Revised Manual Standards Include ‘Compensating Factors’ and Documentation

December 31, 2013
George Brooks
The new requirements become effective for FHA case numbers assigned on or after March 11, 2014. Comments are due by Feb. 10, 2014.
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Short Takes: CoreLogic: Home Price Index Increased Through 2013 / Agencies Review CDOs Under Dodd-Frank ‘Volker rule’ / HUD Announces Dec. 31 HECM Deadline/ HomeStreet Bank Expands

December 30, 2013
Charles Wisniowski
Year-over-year through October 2013, the CoreLogic House Price Index appreciated more than 12 percent nationwide, with prices nationally now 16 percent above the low in the fourth quarter 2011, according to CoreLogic’s December MarketPulse report released Monday.
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What We're Hearing: Five Predictions for the Mortgage Market in 2014 / The Bloom May Be Off the Rose at Nationstar / Loan Modification Indictment Includes Charges Against Former NFL Player / Freedom Expands MI Partners / Auction.com Stays Active

December 27, 2013
Paul Muolo
What's ahead for residential lenders and servicers in 2014? You might be surprised at some of our predictions. Hint: The servicing market looks good, at least.
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Ginnie Mae to Hire More Account Executives

December 27, 2013
Paul Muolo
Ginnie Mae chief Ted Tozer noted: “We want aggressive outreach to find out what the issues are. If they aren’t issuing, we want to know why."
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Outlook Positive for Mortgage Insurance Sector, But Industry Awaits New Capital Rules

December 26, 2013
Paul Muolo
The mortgage insurance industry is anxiously waiting on new risk-to-capital rules being worked on by the Federal Housing Finance Agency.
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Short Takes: Mortgage Tax Extenders Set to Expire / New Residential to Sell More Shares / GSEs Hit Foreclosure Prevention Milestone / Madoff and Farkas – What Are They Up to? / The Mortgage PR Person Who Worked on Christmas

December 26, 2013
Paul Muolo and Charles Wisniowski
Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.
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MSR Hungry REIT Gets FHLB Access Via Insurance Affiliate

December 26, 2013
Paul Muolo
It's not every day that a REIT gains access to a Federal Home Loan Bank. This REIT, of course, likes to buy mortgage servicing rights.
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Principal Reduction More Prevalent on Portfolio Mortgages than Non-Agency MBS

December 26, 2013
Brandon Ivey
Some 44 percent of mods on portfolio loans by eight large banks and thrifts include principal reduction in the third quarter of 2013.
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FTC Approves Fidelity’s Purchase of LPS But Requires Sale of Oregon Assets

December 26, 2013
Charles Wisniowski
The terms of the FTC’s settlement require Fidelity to sell a “copy” of LPS’ title plants in the six Oregon counties.
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Thought that New Production was Immune to Buybacks? Think Again

December 26, 2013
John Bancroft
Freddie Mac reported new buyback demands on $3.3 billion of mortgages during the third quarter, a stunning 31 percent increase from the previous period.
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Latest Imf News

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Featured Data

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