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Fannie/Freddie Account ‘Surplus’ With Treasury Will Hit $40.9 Billion

November 6, 2014
Paul Muolo
GSE executives, however, declined to specify when their new 97 percent LTV programs will be ready.
Read More

Note to Lenders: The CFPB is Listening to Your ‘Scripts’

November 6, 2014
Thomas Ressler
The CFPB is listening to recordings of inbound telemarketing calls, the attorney said...
Read More

PennyMac Posts Record Earnings in Third Quarter, Boosts Originations and MSRs

November 6, 2014
Brandon Ivey
PennyMac’s MSR portfolio is almost evenly divided between subservicing for others, the company’s own originations, and mortgage servicing rights acquired from others.
Read More

Walter Posts Large Loss, Stock Gets Crushed; Nationstar Smacked Around Too

November 6, 2014
Paul Muolo
Walter was already under the investigative microscope of the Consumer Financial Protection Bureau and the Federal Trade Commission because of its servicing practices.
Read More

Short Takes: Yet Another Mortgage M&A Deal / Classic Strategies Advisor to Freedom Mortgage / More NPL Sales From Freddie / Ocwen Shines, Well Sort of / Trouble at Genworth but Not the MI Business

November 6, 2014
Paul Muolo
The Bankers Bank is owned by 100 independent banks. Charbonneau & Associates represented TBB…
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PHH Loses Money on Mortgage Business in 3Q14, Lower Gain-on-Sale Blamed

November 5, 2014
Paul Muolo
PHH's servicing portfolio continues to shrink thanks to MSR sales and payoffs.
Read More

Rural Housing Guarantee Volume Expected to End 2014 on a Low Note

November 5, 2014
George Brooks
Securitization of rural development home loans during the first nine months was $14.19 billion, with the top three issuers accounting for 58 percent.
Read More

Two Harbors Launches Nonprime Product and High LTV Jumbo Loan

November 5, 2014
Brandon Ivey
Two Harbors has plenty of capacity to hold non-agency loans in portfolio without reliance on outside financing.
Read More

GSE Reform in 2015? There May be No Warner of Corker-Warner; MI Outlook?

November 5, 2014
Paul Muolo and Charles Wisniowski
The mortgage insurance industry lost a key political ally with the reelection defeat of first-term Democratic incumbent Sen. Kay Hagan of North Carolina.
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JPM to Issue a Jumbo MBS Backed By 7-Year ARMs, Many with IO Features

November 5, 2014
Brandon Ivey
Some 60.7 percent of the mortgages in the deal have interest-only features.
Read More
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