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Short Takes: Stonegate Buries the Lead / IMA Chief Tom Piercy Explains MSR Marks / A Strong Showing for Impac / Fannie Making Progress on Buybacks / Correction

November 5, 2015
Carisa Chappell and Paul Muolo
During the financial crisis Impac’s stock was delisted and its future looked cloudy. But not anymore…
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The CFPB’s Latest Scorecard: Continued Problems with Originations, Improvement in Servicing

November 4, 2015
Thomas Ressler
The CFPB said some lenders are failing to comply with the requirement that charges at settlement not exceed amounts on the good faith estimate form...
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Are Home Builders Next on the CFPB’s MSA Hit List?

November 4, 2015
Paul Muolo
A mortgage executive who works in the Florida market said he is tired of seeing his deals slowed down because a title company owned by a builder was forced upon a borrower.
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High Marks for Broker-Focused Jumbo Lender Primary Capital

November 4, 2015
Brandon Ivey
Some lenders suggest that while jumbo lending with loan brokers is viable, retail originations tend to be more attractive.
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Mortgage Banking Solutions and Morvest Selling $1.2B of Ginnie Mae MSRs

November 4, 2015
Paul Muolo
The sale is notable not only for its size, but for the fact that MBS and Morvest – partners on this auction – don’t normally sell servicing rights as part of their advisory practices.
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Two Trade Groups Implore White House to Use HERA to Recap the GSEs

November 4, 2015
Paul Muolo
The latest tally from Inside The GSEs has Fannie and Freddie repaying all of their borrowings from the U.S. Treasury plus an additional $50.6 billion – money that has gone directly into the government’s coffers.
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Short Takes: A Kinder, Gentler Fannie Mae on LLPAs? / Former Fannie Exec Blames the Government for the GSE ‘Crisis’ / MBA Weighs In / CFPB Not Happy on Servicer Performance / New Servicing Chief for Wells Fargo

November 4, 2015
Paul Muolo and Thomas Ressler
MBA continues to believe that, given the lack of reserves, eventually the GSEs will need to take a draw from Treasury, said Dave Stevens.
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FHFA Chief Mel Watt Sets the Table for an Eventual Treasury Draw by the GSEs?

November 3, 2015
Paul Muolo
There has long been a concern in the market that if either GSE has a negative net worth, that investors will stop buying their MBS, which would cause the home buying process in America to crumble.
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Nationstar Spills $64.9 Million of Red Ink in 3Q15, Hurt by Marks on its Servicing Portfolio

November 3, 2015
Paul Muolo
Meanwhile, loan originations at the company inched up to $4.9 billion in 3Q from $4.8 billion in the second quarter.
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Freddie Mac Posts $475 Million Loss in 3Q – Huge Markdowns on Derivatives; G-Fee Income Jumps

November 3, 2015
Paul Muolo
The red ink marks the first time in four years that the government-sponsored enterprise booked a quarterly loss.
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