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Industry May Try to Roll Back New LLPAs From Fannie and Freddie

December 18, 2013
Paul Muolo
Meanwhile, mortgage insurers are concerned that the new LLPA grid from Fannie and Freddie will throw cold water on their market share gains.
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Short Takes: Mel Watt to be Sworn in Early January? / A Savior for a Nonbank / Ed Pinto Weighs In on the FHA MMI Audit / Dave Stevens, the Man Behind the Beyoncé Analogy / Bad News for Applications / Correction on QM Readiness

December 18, 2013
Paul Muolo
The FHFA MMI is in better shape? So what, says critic Ed Pinto. He believes that huge problems remain.
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Warehouse Commitments Tumble But Some Nonbanks Get Sweet Deals

December 17, 2013
Paul Muolo
The drop in warehouse commitments mirrored, somewhat, the fall-off in residential originations, which declined almost 19 percent in the third quarter, according to figures compiled by Inside Mortgage Finance.
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Fitch Warns of Trouble for Servicers Unloading Nonperforming MSRs

December 17, 2013
Brandon Ivey
The rating service this week placed the primary servicer rating of EverBank Mortgage on “watch” for a potential downgrade due to changes to the servicer’s platform.
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Treasury Department Calls for Federal Oversight of Mortgage Insurers

December 17, 2013
Thomas Ressler
Do mortgage insurance firms need to be "officially" regulated by the federal government?
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DeMarco’s FHFA Wants Lower GSE Loan Limits After All; But is Watt Ok With It?

December 17, 2013
Paul Muolo
As a technical matter, Edward DeMarco still heads FHFA and the agency is once again testing the waters for lower Fannie Mae/Freddie Mac loan limits.
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Lenders Hit With Another GSE Surprise: Higher LLPAs for Certain FICOs

December 17, 2013
Paul Muolo
The Mortgage Bankers Association and other trade groups are hopping mad at FHFA's latest December surprise: higher LLPAs.
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Short Takes: Can Mel Watt Stop the Rain? / DeMarco Pulls a Beyoncé / GAO Pats FHFA on the Head / Purchase Money Loan Officers Will be Fine / Radian is Hiring / CoreLogic: More Homes Move Into ‘Positive Equity’

December 17, 2013
Paul Muolo and Charles Wisniowski
Ed DeMarco of FHFA pulls a 'Beyonce' with the higher LLPAs. Meanwhile, we're hearing that Met Watt may be sworn in by early January.
Read More

MBS Held by REITs Fall 18 Percent in a Year

December 16, 2013
John Bancroft
Compared to June 30, MBS investments by REITs are off 6 percent. Moreover, the industry has lost nearly all of the huge volume of MBS that were acquired in early 2012.
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Wells Remains Top Dog in Holdings of Second Liens

December 16, 2013
Brandon Ivey
Wells, Bank of America and JPMorgan Chase accounted for a combined 44.7 percent of the $517.75 billion in bank HELOCs outstanding at the end of the third quarter.
Read More
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Latest Imf News

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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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