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Short Takes: Freddie Could Earn Even More Money / GSE Shareholder Suit Hardly a Surprise / More on EverBank’s 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.
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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?
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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.
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ICBA Demands Repeal of Freddie’s 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.
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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.
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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.
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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.
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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.
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CFPB’s 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.
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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.
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