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Ex-CFPB CIO Launches Compliance Venture for Third-Party Mortgage Investors

April 16, 2013
Paul Muolo
Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.
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Short Takes: Nationstar Mortgage Directors Clean Up / Flagstar Selling MSRs / Walter Wants to Keep Some Secrets / BofA’s Hit on Countrywide: $41 Billion / CFPB Deputy Director Meets the Hill

April 16, 2013
Paul Muolo and Thomas Ressler
Four non-management directors at Nationstar Mortgage earned almost $1.5 million last year. Meanwhile, it appears Flagstar is selling some of its MSRs.
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GSE Buybacks Fell in 2012, Is the Scourge Ending?

April 15, 2013
John Bancroft
Loan repurchases by seller/servicers fell last year, a sign that the worst of this problem may be over for the industry. Or is that wishful thinking?
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House Democrats Look to Begin GSE Reform Process

April 15, 2013
Brandon Ivey
Rep. Maxine Waters, the ranking minority member of the House Financial Services Committee, believes that now is "precisely the time to think about how we can reshape the secondary mortgage market."
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If Mark Zandi Gets the FHFA Job, GSE Reform Could Come Within Two Years

April 15, 2013
Charles Wisniowski
It appears that well known economist Mark Zandi is indeed a candidate to head the Federal Housing Finance Agency. But will the White House actually nominate him?
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Residential Fundings Rise at Citigroup, Bank Marks Up MSRs Too

April 15, 2013
Paul Muolo
Although the nation's largest lender, Wells Fargo, saw residential fundings slip in the first quarter, Citigroup had a gain.
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Prestwick Selling MSRs, Offerings Keep Coming

April 15, 2013
Paul Muolo
The market for residential servicing rights is picking up a full head of steam with several packages out for bid.
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Short Takes: Will Congress Glom Onto Fannie and Freddie Earnings? / Questions About Loan Officer Compensation / Former MBS Chief Pleads Guilty / Carrington Expands in Wholesale

April 15, 2013
Paul Muolo
Now that Fannie Mae and Freddie Mac are earning a ton of money, who will have a say over what happens to that cash?
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Low Balance Commercial Loans Winding Up in MBS As RAIT Financial and Others Increase Originations

April 12, 2013
RAIT Financial Trust, Philadelphia, is funding roughly $60 million to $70 million a quarter in multifamily and low-balance commercial loans, product that is winding up in MBS issued by Barclays Capital and Citigroup Securities. According to Jason Stewart, an analyst with Compass Point Research & Trading LLC, the company also has a line of credit from Credit Suisse, and is working on a $100 million to $150 million deal that could be ready by the third quarter. A publicly traded real estate investment trust, RAIT is...
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Is the Mortgage Slowdown Finally Here? / Gain on Sale Stable at Wells Fargo / Nationstar and Walter Could Clean Up on HARP Extension / New Subprime Lender Funds First Loan / Fannie and Freddie: Profitable Forever?

April 12, 2013
Wells Fargo and JPMorgan Chase continue to post strong residential finance profits, but there is a growing worry that the "mortgage party" may be drawing to a close.
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Latest Imf News

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Featured Data

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