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Ginnie Mae Tops Among Agencies in Financing Minorities

September 29, 2014
John Bancroft
Fannie, Freddie and Ginnie All saw most of their business come from borrowers earning less than $150,000 per year.
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Wells Fargo MSRs Targeted by Ocwen Starting to Run Off

September 29, 2014
Paul Muolo
The Wells-Ocwen MSR deal is still waiting for Lawsky's green light. But when that will come is another matter...
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Jumbo MBS with Originations Sourced by Five Oaks in the Works

September 29, 2014
Brandon Ivey
Five Oaks plans to buy some of the subordinate tranches of the new jumbo MBS.
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Mortgage Unit of Home Builder Ready to Enter Non-QM Market

September 29, 2014
Paul Muolo
Pulte Mortgage will install a “modest price” adjustment on its non-QM loans.
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An MBS Program on Fire: Ginnie Mae

September 29, 2014
George Brooks
The Ginnie II program now accounts for up about 98 percent of new agency issuance.
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Short Takes: CFPB Slams Flagstar Over Mods / No, a New Mortgage Trade Group is NOT Forming / BofA Transferring MSRs to Shellpoint / Merger of Two FHLBs an Aberration? / NJ Senator Intros Share-Appreciation Mortgage Bill

September 29, 2014
Paul Muolo, Brandon Ivey, and Charles Wisniowski
Sources close to the matter noted that Ocwen is involved, but it’s not a trade group.
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Treasury Sees a ‘Benchmark’ Non-Agency MBS as Potential Spur for Market

September 26, 2014
Brandon Ivey
The Treasury Department will have a key role in developing a $1 billion "test" non-agency security.
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The Federal Reserve Continues to be the Hog at the MBS Trough

September 26, 2014
John Bancroft
At the top of the heap was the Federal Reserve, which boosted its agency MBS portfolio by 3.8 percent during the second quarter.
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Principal Reduction Loan Modifications Fall Out of Favor with Banks

September 26, 2014
Brandon Ivey
The megabanks also decreased their use of interest rate reductions on loan modifications...
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HUD IG Audit: Lenders Posted $428 Million in Gains by Modifying Delinquent FHA Loans

September 26, 2014
Paul Muolo
In its rebuttal, FHA argues that if the delinquent loans had not been worked out, lenders would have been entitled to $5.2 billion of insurance claims – money the MMIF could ill afford.
Read More
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