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Home » Topics » News » IMFnews

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Coming Soon From Fannie Mae and Freddie Mac: a 70BP G-Fee

March 5, 2013
Paul Muolo
The mortgage industry is bracing for a 70 basis point guaranty fee from Fannie Mae and Freddie Mac.
Read More

Turmoil at ASF as Board Members and Firms Quit Securitization Group

March 5, 2013
Brandon Ivey
The American Securitization Forum, a high profile trade group that focuses on MBS issues, is in turmoil with several of its board members quitting.
Read More

Short Takes: Does IBM Have the FHFA MBS Platform Contract? / New Penn Expands its Jumbo Products / Another Subprime Capital Raise? / Stonegate Hires Former Homeward Executive

March 5, 2013
Paul Muolo
Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.
Read More

Mortgage Profits at Banks Set New Record, but Peak May’ve Been Reached in 3Q

March 4, 2013
John Bancroft
The mortgage operations of banks and thrifts posted record earnings in 2012, but the momentum may be behind the sector.
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GMH Hires GMAC Executive as SVP of National Production

March 4, 2013
Paul Muolo
GMH Mortgage Services, which is barely five years old, has hired GMAC veteran Frank DiMaio to run national sales.
Read More

Freddie Will Expand Financing Options to Move REO

March 4, 2013
Charles Wisniowski
Freddie Mac wants to move more REO properties and plans to expand out its stable of financial options and lenders.
Read More

Ocwen Says its Servicing Cost for NPLs is Dirt Cheap, India?

March 4, 2013
Paul Muolo
Ocwen's huge overseas workforce has allowed it to lower its servicing costs substantially, at least that's how it appears.
Read More

Short Takes: Fear Surrounding FHA Compare Ratios / Popular Bank To Unload $1 Billion-Plus of Delinquent Loans / CFPB About to Get ‘Trimmed’ / Delinquencies Continue to Fall at Fannie / Okay, Who’s Servicing Sen. Warren’s Mortgage?

March 4, 2013
Paul Muolo and Thomas Ressler
Some lenders are concerned about the coming 'FHA Scorecard' and the ability of certain large funders to make their numbers look good.
Read More

FHFA’s DeMarco Promises Movement on Common MBS Platform in 2013, $30 Billion in Risk Sharing, and NPL Sales

March 4, 2013
Paul Muolo
It appears the GSE "common" securitization platform will happen this year.
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Citadel Servicing Raises $200 Million for New Nonprime Mortgage Lending

March 1, 2013
Paul Muolo
Citadel Servicing of California has raised $200 million from private investors to originate new residential subprime loans, Inside Mortgage Finance has learned.
Read More
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Latest Imf News

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Featured Data

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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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