Morgan Hikes Stake in Fortress, Which Controls Nationstar, to 5.1 Percent February 6, 2013 Paul Muolo Morgan Stanley recently increased its ownership stake in Fortress which in turn controls a large block of Nationstar stock.Read More
Nationstar, in a Bid to Diversify, Agrees to Buy Settlement Services Division From Equifax February 6, 2013 Paul Muolo Nationstar Mortgage has agreed to buy the settlement services unit of Equifax.Read More
FHA to Track HFA Sources of Downpayment Assistance February 6, 2013 George Brooks The Federal Housing Administration is cracking down on down payment assistance programs, tracking the source of gift money.Read More
Banking Chair Hensarling Slams Obama Administration for FHAs Condition February 6, 2013 Thomas Ressler Lawmakers worry about FHA's financial condition during Wednesday hearing.Read More
Short Takes: First Guarantys MSRs Hit $1.5 Billion / Fear of Higher Net Worth Rules for GSE Sellers / FHFA Watchdog Looking For Tips on Fannie and Freddie Abuses / Genworth MI Continues to Struggle February 6, 2013 Paul Muolo and Charles Wisniowski First Guaranty is experiencing strong growth in its servicing business. Meanwhile, lenders worry about higher net worth requirements from the GSEs.Read More
Sued by DOJ, S&P Was Top Rating Agency of Subprime MBS During Go-Go Years February 5, 2013 Paul Muolo Standard & Poor's, which had a huge ratings market share tied to subprime MBS, was sued by the government for negligence. Read More
Bank Known for Its Entertainment Business Enters Warehouse Space February 5, 2013 Paul Muolo City National Bank of Los Angeles is entering the mortgage warehouse business.Read More
FHFA: GSEs Have Developed a Prototype of Securitization Platform February 5, 2013 Brandon Ivey Fannie Mae and Freddie Mac have developed a prototype of its standard securitization platform. Read More
Ally Says It Will Portfolio Jumbos February 5, 2013 Paul Muolo Ally Bank will originate and keep jumbo mortgages in the bank's portfolio. Read More
Short Takes: FHAs Delinquency Count: $133 Billion? / Fannie and Freddie Not Needed? / Federal Reserve: No Loosening of Credit Standards February 5, 2013 Paul Muolo and Charles Wisniowski FHA is looking at $133 billion of troubled mortgages.Read More