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FHA’s Galante: Government MI Premiums Near the ‘Tipping Point’

November 4, 2013
George Brooks
Housing Commissioner Carol Galante warned that with interest rates rising, the FHA may have reached a “tipping point” with its mortgage insurance premiums.
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Two Harbors Inks MSR Deal with PHH, Still in the Hunt on Flagstar

November 4, 2013
Paul Muolo
Two Harbors, a publicly traded REIT, is getting aggressive when it comes to MSR acquisitions.
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Disparate-Impact Case May Not Make it to the Supreme Court

November 4, 2013
George Brooks
If the case settles, it would be the second time in two years that a case involving disparate impact claims under the Fair Housing Act has settled before the Supreme Court had an opportunity to hear arguments.
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FBR Pegs Originations at $1.5 Trillion in 2014

November 4, 2013
Paul Muolo
FBR Capital Markets believes that smaller shops are not being counted in new estimates on loan production.
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Short Takes: Subprime Shop Has Strong Returns / The Next Vote on Mel Watt Will Come… / Nonbank Trade Group Wants a Say in GSE Reform / Auction.com Sells Commercial Assets / LPS on Prepayment Speeds

November 4, 2013
Paul Muolo and Brandon Ivey
Is the White House ready to give up on Rep. Mel Watt, D-NC, to be the next director of the Federal Housing Finance Agency? Don’t bet on it.
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Wells Fargo: The Jumbo Mortgage Hog

November 1, 2013
Brandon Ivey
Big banks were the five largest jumbo originators last year, with Bank of America ranking second followed by JPMorgan Chase, Citigroup and U.S. Bank.
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Big Test for Non-Agency Market: How Will Citi’s Jumbo Deal be Received?

November 1, 2013
Brandon Ivey
The planned $209.95 million Citigroup Mortgage Loan Trust 2013-J1 is backed by mortgages seasoned an average of four months from six lenders.
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Lenders Seek More Clarity on Reps and Warrants

November 1, 2013
John Bancroft
Michael Heid, president of Wells Fargo Home Mortgage, said more clarity on reps and warranties would help loosen residential credit.
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Senate Banking Chairman: MBS Guaranty Must be ‘Explicit’

November 1, 2013
Charles Wisniowski
Committee Chairman Tim Johnson, D-SD, said the structure of the government guaranty for MBS “must be explicit, appropriately priced, and stand behind private capital that is not guaranteed.”
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What We’re Hearing: The Death of Mortgage Brokers / Is the Shine Off Nationstar, Ocwen and WAC? / Compliance Fears Feeding Mortgage M&A / Wells Settles with FHFA / Who is Rajan Nair? / (Tim) Howard’s End, Soon to be a Movie?

November 1, 2013
Paul Muolo
SunTrust to mortgage brokers: Drop Dead! Meanwhile, the inside scoop on the somber mood at the annual MBA show.
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Latest Imf News

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