Short Takes: Freddie Could Earn Even More Money / GSE Shareholder Suit Hardly a Surprise / More on EverBanks Jumbo Deal / HUD Offers Advice on Asking About Disabilities / The Golden State of Mortgage Fraud June 11, 2013 John Bancroft, George Brooks, Brandon Ivey, and Paul Muolo Freddie Mac's low activity fee could add more than $2 million to its bottom line.Read More
MSR Values Rise In First Quarter, More Increases on the Way? June 10, 2013 John Bancroft Thanks to rising interest rates, the book value of mortgage servicing rights increased in the first quarter. Could more sales be on the way? Read More
CFPB Issues Compliance Guides for Residential Lending, Servicing June 10, 2013 Thomas Ressler The Consumer Financial Protection Bureau has issued two new compliance guides but is warning that they are not substitutes for the underlying rules.Read More
ICBA Demands Repeal of Freddies Low-Activity Fee June 10, 2013 Charles Wisniowski Community banks are getting slapped with a "low activity" fee from Freddie Mac and the ICBA is not happy.Read More
Prices Paid for MSRs Hit Four-Times the Servicing Fee June 10, 2013 Paul Muolo When interest rates rise, so do the value of mortgage servicing rights.Read More
Walter Investment to Restate RMC Financials Due to Servicing Errors June 10, 2013 George Brooks In a new filing with the SEC, Walter Investment said it discovered that its new reverse subsidiary had failed to record certain servicing errors. Read More
Short Takes: Cash-Out Refis, a Thing of the Past? / Fannie, Freddie Shareholder Petition Takes Off / John Paulson Bets on MI Firms / MGIC Reports Better Numbers / How to Analyze Your Shop for a CFPB Exam June 10, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski Will cash-out refinancings ever return? Meanwhile, a new petition posted on the White House website that might helps GSE shareholders is taking off. Read More
Investor Appetite for Vintage Non-Agency MBS Still Strong, Returns High June 7, 2013 Brandon Ivey Thanks to rising home values and lower delinquencies, investors are gobbling up subprime MBS, causing prices to rise.Read More
CFPBs Changes to Points and Fees Makes Calculating Compensation Easier June 7, 2013 Thomas Ressler By excluding from the points and fees calculation compensation paid by creditors and mortgage brokers to their employees, the bureau prevents some double counting. Read More
Despite White House Push, HARP 3.0 Likely is Going Nowhere June 7, 2013 Charles Wisniowski The Obama administration has mounted a public relations push, including a recent White House social media buzz, pushing for the HARP 3.0 program.Read More