FHA Reform Bill Could Shrink Ginnie Mae Market: RBS August 27, 2013 George Brooks The trend toward private MI is likely to continue in anticipation of the FHA Solvency Act of 2013, which is awaiting action on the Senate floor.Read More
FHFA Ready to Unveil Lower GSE Loan Limits? August 27, 2013 Paul Muolo A housing lobbyist added that, “Right now it’s a matter of timing. Will in come in October or a little later than that?”Read More
Short Takes: The Reasoning Behind a 30 Percent QRM Downpayment / PrimeLending Gets a New President / The CFPB Isn’t All Bad? / Another CFPB Lawsuit Coming? / More Money to Bulldoze Homes in Motown August 27, 2013 Paul Muolo The FDIC will raise the question of a 30 percent downpayment but don't expect to see it in the final QRM rule.Read More
FHA Credit Scores Hit Four-Year Low August 26, 2013 John Bancroft It appears that mortgage bankers are beginning to liberalize, somewhat, the credit scores they're willing to accept on FHA loans. Read More
EverBank Pays OCC to Exit Foreclosure Agreement Early August 26, 2013 Brandon Ivey EverBank also will evaluate each eligible borrower still in the process of foreclosure for a new loan modification. Read More
Ex-Encore Chief Daurio Reduces Nonprime Capital Raise to $175 Million August 26, 2013 Paul Muolo The former Encore Mortgage executive said he will concentrate on lower FICO score lending, in particular what he calls the “B&C” market.Read More
Future G-Fee Hikes of Just 15 Basis Points? August 26, 2013 Charles Wisniowski Today, Fannie Mae/Freddie Mac g-fees average 50 to 55 basis points compared to 24 bp back in 2009. Read More
MountainView Selling $1.4 Billion of Fannie/Freddie MSRs August 26, 2013 Paul Muolo MountainView Servicing Group has set a bid deadline of August 29 on the Fannie Mae/Freddie Mac MSRs.Read More
Short Takes: FHA Bears May Be Disappointed / HLSS Starts Road Show / First Valuation Cuts Workforce / Vacation Markets Could be Hammered by Flood Insurance Hikes / CFPB Loses Another Top Officer August 26, 2013 Paul Muolo and Thomas Ressler FHA is seeing its cash reserves increase more than expected. Meanwhile, yet another mortgage vendor is laying off workers.Read More
MSR Transfers to Nonbanks Likely to Continue, Effect on Non-Agency Deals Modest August 23, 2013 George Brooks Nonbanks the likes Ocwen Financial, Nationstar and Walter Investment will continue to be buyers of mortgage servicing rights. Read More
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