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Lehman Asks Bankruptcy Court to Reject Freddie’s $1.2 Billion ‘Priority’ Claim

September 19, 2013
Charles Wisniowski
Freddie Mac had been lending Fed Funds (overnight loans) to Lehman Brothers since 2005. Then, in 2008, the nature of those loans changed to longer term borrowings.
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Refinancings at Their Lowest Level in Two Years, Wells Top Purchase Lender

September 19, 2013
John Bancroft
Lenders such as Bank of America and Quicken are hooked on refis. What might the future hold for these funders as purchase loans begin to dominate?
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1,800 Mortgage Workers Get the Ax at Wells, But No Loan Officers

September 19, 2013
Paul Muolo
In less than a month Wells Fargo has unveiled mortgage-related layoffs of 4,100. Some of those receiving pink slips could find other work at the bank.
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Fed Asset Purchases to Continue; Mortgage Volume to Rise, Near Term

September 19, 2013
Thomas Ressler
Wall Street loved the unexpected news from the Fed, with the yield on the benchmark 10-year Treasury dropping to its lowest yield in weeks.
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PennyMac, Using BofA Product, to Issue $550 Million Jumbo MBS, Its First

September 19, 2013
Brandon Ivey
Almost 19 percent of the loans in the new Penny Mac jumbo MBS were originated by mortgage brokers.
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Short Takes: The Eminent Domain Lobby Commences / Who Loves Refis? These Lenders Do / FirstREX Branches Out with Downpayment Product / Kansas Bank Expands Mortgage Presence / Auction.com on Jumbos / Mods Hold Steady

September 19, 2013
George Brooks and Paul Muolo
Wall Street will hit the halls of Congress on the issue of eminent domain. Meanwhile, these lenders are refi-heavy: Wells Fargo, Chase, and Quicken. See our exclusive list.
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Purchase-Mortgage Market Facing Affordability Issues

September 18, 2013
Brandon Ivey
Analysts are now suggesting that higher interest rates along with rising home prices will constrain housing affordability.
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FHFA IG: Fannie Mae Overpaid Servicers by $89 Million

September 18, 2013
Charles Wisniowski
Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.
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Lower GSE Loan Limit Announcement Coming Soon, NAR Wants Meeting with FHFA

September 18, 2013
Paul Muolo
If FHFA lowers the Fannie Mae/Freddie Mac loan limit, will that business shift over to the FHA?
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Final HMDA Origination Tally for 2012: $2 Trillion, Denial Rates for Minorities Remain High

September 18, 2013
John Bancroft
Although the largest minority groups still had higher denial rates, there were bigger-than-average increases in refi activity among black and Hispanic borrowers.
Read More
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