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S&P Strikes Back on MBS Case, Calls Government’s Fraud Lawsuit ‘Overreach’

April 24, 2013
Charles Wisniowski
Standard and Poor's is fighting back against the federal government in its $5 billion MBS fraud case.
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Redwood and Other Non-Agency Players Want Congressional Help to Boost Production

April 24, 2013
Brandon Ivey
The non-agency/jumbo market cannot truly revive until Congress passes laws aiding transparency and decreasing risk to potential participants.
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Michael Lau’s Pingora Buys Delaware Mortgage Banking Firm

April 24, 2013
Paul Muolo
Michael Lau, the man who helped Phoenix Capital corral Bank of America as a client, has purchased his own mortgage banking firm.
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Short Takes: Stearns Gets Serious About Servicing / BofA Has High Delinquencies on Second Liens / FHFA Continues to Hunt for MBS Platform CEO / Akre Departs Trading Firm for Oak Circle / CFPB Frets About Pay Day Lenders

April 24, 2013
Paul Muolo and Thomas Ressler
Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions.
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Flagstar Sees Production Decline, Stock Hammered in Trading

April 24, 2013
Paul Muolo
Although Flagstar earned money on its mortgage business in the first quarter, its gain-on-sale margin took a major hit.
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Short Takes: CFPB Showing Some Love for Banks / Fannie About to Award a Big Tech Contract? / FHFA Doesn’t Want Higher Minimum Net Worth / Home Buyer Traffic Spikes / 100 Percent LTV Loans Not on NCUA’s Radar?

April 23, 2013
Paul Muolo
Residential lenders can rest easy: the GSEs aren't about to hike their net worth minimums. Also: the CFPB shows some love to banks.
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ASF Suggests Ways for Fannie and Freddie to Reduce Their Market Share

April 23, 2013
Brandon Ivey
ASF suggests that one way to reduce the market share of the GSEs is to hike guaranty fees once again.
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PennyMac Sees Correspondent Purchases Decline, Jumbo MBS Coming

April 23, 2013
Brandon Ivey
PennyMac once again posted strong earnings, but the REIT's correspondent purchases are beginning to slow somewhat.
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Prices Climbing for Jumbo Mortgages

April 23, 2013
Paul Muolo
The jumbo market is heating up, which means the price paid for whole loans is on the rise.
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Vericrest the High Bidder on $16 billion of BofA MSRs

April 23, 2013
Paul Muolo
Vericrest Financial is said to be the winning bidder on a $16 billion package of mortgage servicing rights. However, the company would not comment.
Read More
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Latest Imf News

  • Fannie Loosens Quality Control Standards for Lenders

  • Ishbia Optimistic About Interest Rate Outlook With Warsh

  • Retail Share of Nonconforming Lending Down Slightly

  • Bank Capital Requirement Proposal Could Slow MBS Deliveries

More Imf News

Featured Data

  • Ginnie MBS Issuance Sees Seasonal Plunge in February

  • Non-Agency Jumbo Lending Flourished in 2025

  • Jumbo Servicing Volume Grows in Fourth Quarter

  • Plenty of Investors Ready to Cover Fed’s MBS Retreat

More Featured Data

Featured Reports

  • Agency Channel Analysis: 4Q25 (PDF)

  • IMF Mortgage Directory: Full interactive database

  • IMF HMDA Dashboard: 2024

  • Top Mortgage Players: 3Q25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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