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CRT Comment Letters Focus on Front-End vs. Back-End Arrangements

October 19, 2016
Carisa Chappell
Fannie Mae’s Connecticut Avenue Securities program and Freddie Mac’s Structured Agency Credit Risk program have accounted for the bulk of GSE activity since the CRT initiative was launched three years ago.
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MBA Files ‘TRID 2.0’ Comment Letter, Asks for 14 Fixes, Including ‘Cures’

October 19, 2016
Paul Muolo
The comment period on the amendments ended Tuesday night. The CFPB will issue a final rule sometime next year.
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Short Takes: New Residential Remains Hungry for MSR Assets / $500 Billion in the Works / Silver Hill Rolls Out New Loan / Title Merger / EverBank Executive to Depart

October 19, 2016
Paul Muolo
New Residential continues to be hungry for mortgage servicing rights...
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The Clayton ‘Revolving Door’ Continues. A Goodwill Charge for Radian?

October 19, 2016
Paul Muolo
One mortgage CEO who has been contacted by Wornow said he’s in the process of starting his own capital markets company.
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Private Mortgage Insurers Winning Purchase Market Share

October 19, 2016
John Bancroft
The private MI share of agency purchase loans rose from 26.9 percent in the second quarter to 27.8 percent in the third.
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FHFA Issues Guidelines for Internal Audits at Fannie, Freddie and the FHLBanks

October 19, 2016
Carisa Chappell
The FHFA said internal audits at the housing GSEs should cover the entire audit universe over a four-year period…
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More Executive Moves at Walter as New CEO Renzi Shakes Things Up; OCC Risk Director Joins the Nonbank

October 18, 2016
Paul Muolo
Renzi joined Walter this past fall with a pay package that could top $5 million in his first year at the helm. He previously held senior positions at Citigroup and Freddie Mac.
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GSE Credit-Risk Transfers Kept Chugging Along in 3Q16

October 18, 2016
John Bancroft
Fannie Mae had the bigger quarter in CRT activity, more than doubling its second-quarter total with a record $2.52 billion of issuance…
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Short Takes: The FHA Premium Cut Will be 25 BPs? / About Those New Walter Hires / Late Foreclosures Drive Up Costs at HUD / Some Glum Takes on Housing From Fannie, Freddie and NAR

October 18, 2016
Paul Muolo
Two thoughts: Force colleges to forgive a large chunk of what’s owed to them and/or order real estate agents (and sellers) to drastically reduce the asking price on homes. Which would you choose?
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Megabanks, for the Most Part, Mark Up Asset Value of MSR Portfolios, Which Means…

October 18, 2016
Paul Muolo
Analysts will be keeping a close eye on servicing marks from Nationstar Mortgage, PHH Corp., Stonegate Mortgage and Walter Investment Management Corp., the parent of Ditech…
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Latest Imf News

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Featured Data

  • FHA, VA Refi Endorsements Soar in Fourth Quarter

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  • Select Portfolio Loses Some Servicing Market Share in 4Q

  • Agency Market Phones It In, Rate Refis Slow in February

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Featured Reports

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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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