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OCC: Banks See Major Improvement in Residential Late Payments

March 28, 2013
Brandon Ivey
Is the tide turning on residential delinquencies suffered by banks or do the numbers look better because the group is selling legacy MSRs?
Read More

Banks, Rating Agencies Fear Proposed Changes to Capital Requirements for MBS

March 28, 2013
Brandon Ivey
According to an analysis by Fitch Ratings, the overall charges for a simple jumbo non-agency MBS across all note-holders would increase to between 6.3 percent and 8.2 percent under the new proposal.
Read More

CFPB Goes Live With Expanded Complaint Database, New Legal Worries for Lenders?

March 28, 2013
Thomas Ressler
The launch of the revised CFPB database expands the bureau's consumer complaint apparatus in a major way. It includes a sub-category for many products, including mortgages.
Read More

Fannie Mae ‘Deferred Tax' Issue Could Be Resolved by the End of Next Week

March 28, 2013
Paul Muolo
Fannie Mae could have an answer to its 'deferred tax asset' issue by the end of next week, freeing up billions of dollars in money.
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Navy Federal Sees Application Growth in ‘No-Downpayment’ Product

March 28, 2013
Paul Muolo
Is Navy Federal's no-downpayment product safe? It believes so, and is quite happy with the delinquency experience on the loan but won't provide specifics.
Read More

Short Takes: Genworth Moves Closer to Delinking MI Unit / The Hottest Real Estate Markets, According to Veros / Wells Fargo Loses a Regional Production Rep / The Fastest Growing Servicers are Franklin American and Quicken

March 28, 2013
George Brooks and Paul Muolo
Genworth moves closer to delinking from its mortgage insurance unit. Meanwhile, Wells Fargo has suffered the loss of a well-regarded regional rep.
Read More

FHA Coverage Spikes in January, Wells and Quicken Lead the Pack

March 27, 2013
George Brooks
Try as they might, the government cannot keep a good MI program down. FHA endorsements rose almost 19 percent in January.
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Credit Unions Want Relief from CFPB Rules

March 27, 2013
Thomas Ressler
The credit union industry has appealed to the U.S. Senate for relief on rules and regulations coming out of the CFPB.
Read More

Armed with $500 Million in Cash, Sterling Now Actively Bidding on MSRs

March 27, 2013
Paul Muolo
Sterling Partners of Chicago is one of many private equity firms eying servicing rights as an investment. But so far, it has yet to win any bids.
Read More

Servicers Will Solicit Candidates Under New FHFA/GSE Modification Initiative

March 27, 2013
Paul Muolo
Severely delinquent Fannie Mae/Freddie Mac borrowers may get a shot at a streamlined refi under a new program unveiled Wednesday.
Read More
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Latest Imf News

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