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Home » Topics » News » IMFnews

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JPM Will Slash Mortgage Staff, Sells MSR Platform to Wingspan

February 26, 2013
Paul Muolo
JPMorgan Chase will slash thousands of mortgage workers over the next 20 months.
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Short Takes: Lenders Will Do Battle Over G-Fees / Will PennyMac Buy Ally’s MSRs? / MGIC is a “Buy” / Radian Taps the Equities Market

February 26, 2013
Paul Muolo and Charles Wisniowski
Mortgage bankers are promising to wage war over any new guaranty fee hikes that are used for non-residential projects.
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GSE Buyback Activity Strong in Fourth Quarter, But...

February 25, 2013
John Bancroft
The GSEs continued to wrangle with seller/servicers over repurchase requests during the fourth quarter of 2012, but mostly over loans originated five years earlier.
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Risk-Based Pricing for G-Fees is on the Way

February 25, 2013
Paul Muolo
The Federal Housing Finance Agency has not given up on its effort to install risk-based pricing for guaranty fees.
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Nationstar CFO David Hisey Will Earn at Least $1.375 Million

February 25, 2013
Paul Muolo
Nationstar Mortgage signs a new employment contract with one of its top executives, CFO David Hisey.
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New Report: Kill GSEs, Limit US Support for Mortgages

February 25, 2013
George Brooks and Paul Muolo
A new bipartisan panel wants to close Fannie Mae and Freddie Mac and limit U.S. support for mortgages.
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Short Takes: The Myth Surrounding Redwood’s Delinquencies / Jumbo Loan Prices Red Hot / $30,000 a Year in Flood Premiums? / GSEs Paying Their Subservicers How Much?

February 25, 2013
Brandon Ivey and Paul Muolo
Jumbo loan prices are red hot.
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Wells Is Not Done Tinkering with its Mortgage JVs / Redwood May Target MSRs in a Major Way / Residential Originations Slowing? / Banks No Longer Love MBS? / Ocwen Adjusts to ‘A’ Paper Servicing

February 22, 2013
Paul Muolo
Wells Fargo, the nation's largest home funder, is continuing to review its mortgage joint ventures.
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Further Drops Expected as FHA Jumbos Slip in 4Q

February 22, 2013
A modest decline in FHA endorsements of jumbo loans in the fourth quarter of 2012 could presage further declines this year, following the Department of Housing and Urban Development’s recent proposal to raise the downpayment requirement to 5 percent, from 3.5 percent, for loans above $625,500. The FHA already has raised its jumbo mortgage insurance premiums to 1.55 percent annually and increased the monthly premiums on new, non-jumbo FHA mortgages by 10 basis points. The agency retained the 3.5 percent downpayment for new forward mortgages below $625,500. The increased premiums are ... [2 charts]
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CFPB Projects 26 Percent Staffing Increase This Year

February 21, 2013
Thomas Ressler
The CFPB continues to increase its staff levels by significant numbers with hiring jumping by 26 percent this year.
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Latest Imf News

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Featured Data

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  • Bank Mortgage Repurchases Decline in Third Quarter

  • Mortgage REITs Up Agency MBS, Shed Non-Agency

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