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Residential Finance Corp. in Asset Sale Deal with PMAC? Earn Out of 15 BPs?

December 23, 2013
Paul Muolo
A few months back top executives at RFC denied to Inside Mortgage Finance that a sale was in the works.
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Jumbo MBS Issuance Expected to Resume in Early 2014

December 23, 2013
Brandon Ivey
Issuance of jumbo MBS was strong in 2013 until interest rates started to rise in May due to concerns that the Federal Reserve was set to taper its stimulus efforts.
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Short Takes: Who Will Hire Ed DeMarco? / Watt Will Roll Back Multifamily Changes Too / OCC Sees Improving Delinquencies / Essent Enters the Russell 2000 / Impac Selling Retail Branches and Cutting Staff

December 23, 2013
Paul Muolo and Charles Wisniowski
Will departing FHFA chief Ed DeMarco go work for a hedge fund? Stranger things have happened.
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Maybe the Mortgage Employment Picture Isn’t So Ugly After All

December 23, 2013
Paul Muolo
A handful of firms say they are still aggressively recruiting residential loan officers who have a solid background in purchase-money lending – that is, sales professionals with deep ties to Realtors and home builders.
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Are Smaller Lenders Really Ready for QM?

December 23, 2013
Thomas Ressler
Also note that the ATR rule provides additional flexibility to small lenders in that the safe harbor has been expanded to 3.5 percent over the average prime offer rate.
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CFPB and DOJ Want $35 Million From PNC to Settle Discriminatory Mortgage Charges

December 23, 2013
Although the settlement has been filed and agreed to by PNC, it still requires court approval.
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Ocwen Enters Settlement with State AGs, Servicing Transfers a Concern

December 20, 2013
Brandon Ivey
State attorneys general extended the national servicing settlement to the nonbank sector with an extra emphasis on servicing transfers.
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Mortgage Securities Market Continued to Grow in 3Q13; Ginnie the Hottest Sector

December 20, 2013
John Bancroft
The amount of outstanding mortgage-backed securities increased again in the third quarter of 2013.
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DC Judge Approves $153 Million Fannie, KPMG Class-Action Settlement

December 20, 2013
Charles Wisniowski
A long running class-action fraud lawsuit on behalf of Fannie Mae investors and accounting firm KPMG was settled.
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Buyers Increasingly Using Cash to Purchase Homes, Some then Refi

December 20, 2013
Brandon Ivey
Some 29.3 percent of home purchases completed in November relied solely on cash. That was the third monthly increase in the share of cash transactions.
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Latest Imf News

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Featured Data

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