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Credit Suisse Issues Complex Jumbo MBS, New Penn a Major Contributor

September 2, 2014
Brandon Ivey
The top contributors to the deal are New Penn Financial with a 23.1 percent share, EverBank Financial with 20.3 percent and Quicken with 19.8 percent.
Read More

FHA Lending to Low FICO Score Borrowers Increases

September 2, 2014
George Brooks
The study’s findings challenge certain beliefs about FHA lending, namely that high insurance premiums, lender overlays and low credit scores are denying many qualified borrowers access to the program.
Read More

Short Takes: One Servicer That Loves the CFPB: FCI / FHA Will Get How Much from that JPM Settlement? / The Incredibly Shrinking Fannie / VA Closing Goes Paperless / Happy Anniversary, Sweep

September 2, 2014
Paul Muolo
The FHA insurance fund received $336 million of the $614 million that JPM agreed to pay…
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Phoenix Capital Selling $600 Million of ‘Flow’ MSRs

September 2, 2014
Paul Muolo
Roughly 75 percent of the loans will come from Georgia and will be top heavy in retail product.
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FHFA Rule Would Effectively Ban Most REITs from FHLB System

September 2, 2014
Charles Wisniowski
A handful of REITs have gained access – or tried to gain access – to the FHLB’s borrowing window through a captive insurance company.
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Non-Agency Players Want Fannie/Freddie Loan Limits Lowered, But…

August 29, 2014
Brandon Ivey
The American Bankers Association believes GSE loan limits in much of the nation could be reduced.
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FHFA IG: Freddie Mac Could Save Millions by Reviewing More Servicer Claims

August 29, 2014
Charles Wisniowski
In 2013, Freddie Mac reimbursed its servicers $1.4 billion but identified and denied $126 million in what the IG calls “erroneous” claims.
Read More

New York Attorney General, CFPB Target More Mortgage Relief Firms

August 29, 2014
Thomas Ressler
The New York AG has secured a temporary restraining order barring the loan mod companies from collecting advance fees. The state's top cop also froze their bank accounts.
Read More

Mortgage M&A Heats Up. A Busy Second Half in Terms of Deals?

August 29, 2014
Paul Muolo
Chuck Klein, managing partner of Mortgage Banking Solutions, is engaged in roughly 12 transactions. “I think at least six of those will close,” he said.
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What We’re Hearing: The Never Ending Ocwen Story / Moody’s Downgrades Ocwen / No HQ Sale for Freddie Mac / Will the CFPB Buy the Fannie Property? / Now, Why Does Fannie Mae Need an Attorney with NYSE Knowledge?

August 29, 2014
Paul Muolo
Where will Fannie Mae ultimately windup? The early betting is the Washington waterfront near Nationals Park…
Read More
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Latest Imf News

  • Pennymac Top Originator for Non-Agency MBS Issued in 1Q

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  • Low Downpayment Borrowers Struggle to Compete

  • Voters Want More Housing Legislation Passed

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Featured Data

  • Mixed Trends for Largest Ginnie Servicers in 1Q

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  • Mixed Trends for Mortgage Originations in 1Q

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More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2025

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More Latest Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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