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Bernanke Calms Markets With Details About Fed Plans to Taper

July 19, 2013
Thomas Ressler
The Fed chief told elected officials that whatever housing finance reform plan they choose to replace Fannie Mae and Freddie Mac, it should be clear to private investors about the government’s role in the market.
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Securitization of Re-Performing Residential Mortgages Gaining Traction

July 19, 2013
Paul Muolo
Not only are nonperforming residential mortgages being placed into new securities, but so are re-performing loans.
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What We're Hearing: Industry Facing 40 Percent Layoffs? / Movement Mortgage Trims Staff / Mel Watt to the Rescue? / 125 Percent LTVs are Back, No Not HARP / HUD Auctions Off More than $3 Billion of NPLs / Hensarling Schedules Markup of GSE Bill

July 19, 2013
Fear and loathing in the mortgage job market? Movement Mortgage has let several mortgage workers go. Can looser underwriting standards save the day?
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Growing GSE Purchase Market Surprisingly Uniform

July 18, 2013
John Bancroft
First-time homebuyers accounted for 33 percent of all GSE-securitized purchase mortgages in the first half, according to Inside Mortgage Finance.
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First Republic Reduces Non-Agency Loan Sales in Second Quarter

July 18, 2013
Brandon Ivey
Jumbo originations increased at First Republic Bank, but its mortgage gain-on-sale margin took a hit.
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Rising Rates Having Mixed Effect on Home Purchases

July 18, 2013
Brandon Ivey
The non-cash share of home-purchase financing increased to 71 percent in June from 67 percent in February, based on the three-month moving average.
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Flagstar Job Loss Could Top 300, Large MSR Sale in the Works

July 18, 2013
Paul Muolo
Flagstar hopes to unload $30 billion in residential servicing rights, but is contemplating selling even more in the way of MSRs.
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Cole Taylor Mortgage in Detailed Sale Talks With PE Firms

July 18, 2013
Paul Muolo
Three years ago Cole Taylor Bank had no presence in the mortgage market until Willie Newman joined the bank and started a residential division.
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Short Takes: J.D. Power Gives Nationstar and Ocwen Poor Servicing Grades / Watt Approved by Senate Banking Committee / Zandi Slams Hensarling Bill / GAO Will Investigate CFPB’s Data Collection Efforts / Bad Debt Up in Value

July 18, 2013
Brandon Ivey, Paul Muolo, Thomas Ressler, and Charles Wisniowski
Nationstar and Ocwen get poor servicing grades from J.D. Power & Associates. Meanwhile, Rep. Mel Watt headed to FHFA? Not so fast...
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Ginnie Approvals Already Surpass Last Year’s Total, But Nonbanks a Problem

July 17, 2013
Paul Muolo
Banks have a strong track record on obtaining Ginnie Mae approvals, nonbanks not so much.
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Latest Imf News

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Featured Data

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