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Short Takes: The Eminent Domain Lobby Commences / Who Loves Refis? These Lenders Do / FirstREX Branches Out with Downpayment Product / Kansas Bank Expands Mortgage Presence / Auction.com on Jumbos / Mods Hold Steady

September 19, 2013
George Brooks and Paul Muolo
Wall Street will hit the halls of Congress on the issue of eminent domain. Meanwhile, these lenders are refi-heavy: Wells Fargo, Chase, and Quicken. See our exclusive list.
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Purchase-Mortgage Market Facing Affordability Issues

September 18, 2013
Brandon Ivey
Analysts are now suggesting that higher interest rates along with rising home prices will constrain housing affordability.
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FHFA IG: Fannie Mae Overpaid Servicers by $89 Million

September 18, 2013
Charles Wisniowski
Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.
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Lower GSE Loan Limit Announcement Coming Soon, NAR Wants Meeting with FHFA

September 18, 2013
Paul Muolo
If FHFA lowers the Fannie Mae/Freddie Mac loan limit, will that business shift over to the FHA?
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Final HMDA Origination Tally for 2012: $2 Trillion, Denial Rates for Minorities Remain High

September 18, 2013
John Bancroft
Although the largest minority groups still had higher denial rates, there were bigger-than-average increases in refi activity among black and Hispanic borrowers.
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CFPB Removes Seller Points from Qualified Mortgage Test

September 18, 2013
Thomas Ressler
Charges paid by the seller for certain items are included in points and fees, such as a title insurance fee paid to an affiliate of a creditor.
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Short Takes: Nationstar Admits Funding Delays / Equity Loans Picks Up IFG Staff / RFC Closes Charlotte Operations Center / FHA Runs Out of Multifamily Money / Two New MSR Deals From MountainView

September 18, 2013
George Brooks and Paul Muolo
Brokers and others who do business with Nationstar Mortgage said they’ve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.
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MSR Valuations Rebounded Sharply in Second Quarter

September 17, 2013
John Bancroft
The top 20 bank and thrift mortgage servicers all reported increases in their MSR valuations, according to exclusive figures from Inside Mortgage Trends.
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OCC Revises Guidance on REO, Including Exchange of Participation Interests

September 17, 2013
Brandon Ivey
The Comptroller is warning against a bank engaging in an exchange of participation interests in REO without first consulting with the regulator.
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IFG of Pennsylvania Begins Cutting Staff, Firm Will Transition to New Platform

September 17, 2013
Paul Muolo
It appears that Integrated Financial Group of Pennsylvania is the latest victim of the mortgage downturn.
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Latest Imf News

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