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Short Takes: The OCC is Watching the Jumbo and HELOC Markets Closely / New Penn Allows 50 Percent DTI on Jumbos / Consumers Love the CFPB? / Cordray Tries to Allay QM Anxiety / Maybe Rising Rates Are Good

September 12, 2013
Paul Muolo and Thomas Ressler
Loan standards are not loosening on conventional mortgages, but in the jumbo space the story is entirely different.
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FHA Gives Up More Business to Private Mortgage Insurers

September 11, 2013
George Brooks
Will private mortgage insurance firms continue to steal market share from the FHA? It certainly looks that way.
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Maxine Waters to Counter Hensarling’s PATH Act With Her Own GSE Bill

September 11, 2013
Charles Wisniowski
Maxine Waters is working on a GSE reform bill that likely will garner strong industry support, unlike Rep. Hensarling's PATH Act.
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Richmond, CA, Hasn’t Yet Given Up on Eminent Domain

September 11, 2013
Thomas Ressler
The city council’s favorable vote represents a rare notch in the win column for MRP, which has suffered numerous defeats in local jurisdictions across the nation, likely at a substantial loss to the firm’s financial backers.
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Two Harbors Looking to Partner with Servicers on MSR Purchases

September 11, 2013
Brandon Ivey
Two Harbors revealed that it sold several billions of dollars’ worth of agency MBS in the third quarter as the assets became less attractive with rising rates. The proceeds will be used to buy MSRs.
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Pingora Hopes to Have $5 Billion in MSRs by Yearend

September 11, 2013
Paul Muolo
When it comes to mortgage servicing rights, Pingora has been a busy bee. It bought Gilpen Mortgage and has been an active bidder on several packages.
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Short Takes: A 50 Percent DTI on a Jumbo? / Five Years Ago Uncle Sam Placed the GSEs Under Marshall Law / Life After Lehman Brothers / Some Ugly Application Numbers / Penny Mac Still Hungry for NPLs

September 11, 2013
Paul Muolo
It's been five long years since Uncle Sam seized Fannie Mae and Freddie Mac. Is time to give them back to shareholders?
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Stonegate to Create Non-Agency Jumbo MBS Shelf this Year

September 10, 2013
Brandon Ivey
Not only is Stonegate Mortgage going public, but it plans to issue jumbo MBS as well.
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HLSS Prepares $350 Million Servicer Advance Receivable ABS

September 10, 2013
Brandon Ivey
With the deal, $5.3 billion in mortgage servicer advance ABS will have been issued this year, according to the rating service.
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FHLB Chicago Enters the Ginnie Mae Issuance Business

September 10, 2013
Charles Wisniowski
The program is intended to provide smaller mortgage lenders that lack direct access to the secondary mortgage market with another option for their home buying customers.
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Latest Imf News

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Featured Data

  • Largest Sellers See GSE Deliveries Wane in November

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  • Bank Mortgage Repurchases Decline in Third Quarter

  • Mortgage REITs Up Agency MBS, Shed Non-Agency

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