Sen. Warner Paid a Visit to Freddie Mac, GSE Bill in the Works May 22, 2013 Paul Muolo Sen. Warner recently paid a visit to Freddie Mac employees but offered little information about his pending GSE bill.Read More
Freddie and Fannie Ready to Sell MBS to Investors May 22, 2013 John Bancroft and Paul Muolo Fannie and Freddie were ordered by their regulator to sell illiquid securities. But those bonds may fetch a nice price in the secondary market.Read More
Certain FHA Loans Could Fall Into ‘Higher-Priced’ Bucket May 22, 2013 George Brooks Thanks to coming changes in FHA’s mortgage insurance premium cancellation policy, investors in the secondary market met avoid these loans.Read More
Short Takes: Fannie and Freddie Sitting on Huge Portfolio Gains? / Mortgage Applications Get Hammered / Who Really Owns the Common Securitization Platform? / LPS Sees a New Low for Late Payments / 360 Mortgage to the Rescue May 22, 2013 Paul Muolo Are Fannie Mae and Freddie mac sitting on huge untapped profits? Read More
More GSE Business in Multi-Issuer Pools as Smaller Firms Cope with Depleted Correspondent Channel May 21, 2013 John Bancroft Many smaller mortgage lenders are looking for alternatives to selling loans to large national aggregators like Wells Fargo.Read More
Republicans Seek to Revise QM Requirements, Maybe a Repeal? May 21, 2013 Brandon Ivey Might the controversial "qualified mortgage" rule be repealed? Maybe, if House Republicans have their way.Read More
HSBC, Wells Fargo Test the NPL Market With Huge Auctions May 21, 2013 Paul Muolo Wells Fargo and HSBC are stepping up sales of nonperforming mortgages, while keeping a lid on the details. Read More
New Ginnie Mae Buyout Policy Eliminates Consecutive Lates May 21, 2013 George Brooks MBS issuers, under a new proposal, will have greater leeway in buying delinquent mortgages out of Ginnie Mae pools.Read More
Citi Names Private Bank Chief to Head Mortgages, More Jumbos? May 21, 2013 Paul Muolo Will CitiMortgage be an even greater player in jumbo lending with its new CEO?Read More
Short Takes: New York Slow on Loan Officer Approvals / GSEs Win Transfer Tax Case / Will the CFPB Unionize? / City National Enters Warehouse Space / Fay Servicing to Ramp up Hiring May 21, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski New York State may be among the worst in the nation when it comes to approving loan officer applications.Read More
RSS