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New York AG to File Lawsuits Against BofA, Wells for Servicing Issues

May 6, 2013
Brandon Ivey
Law enforcement officials say some of the nation's megabanks are violating terms of the historic national servicing settlement.
Read More

MBA Pushes for Single GSE MBS With New G-Fee Structure

May 6, 2013
John Bancroft
The game is on: MBA wants a single GSE security and will lobby aggressively on the issue.
Read More

Nationstar Launches $1.375 Billion Debt Offer, Mentions Suspension of Foreclosures

May 6, 2013
Paul Muolo
Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap.
Read More

What We’re Hearing: Fannie and IBM Working on a Huge Outsourcing Deal? / MBS Issuance Continues to Head North / Wealth Management Division of Banks Cleaning up on Jumbos? / Is Vericrest the Next Ocwen? / Two Harbors Ramps Up to Buy MSRs / Maloni to M

May 3, 2013
Fannie Mae and IBM are working together on at least one big technology project: a new data center. But is the relationship about to go even further? Meanwhile, MBS issuance stayed hot in April.
Read More

Mortgage Insurance Attached to Many Underwater GSE Mortgages

May 3, 2013
John Bancroft
Fannie Mae and Freddie Mac securitized a total of $27 billion of mortgages with LTV ratios north of 105 percent, most of which did not have insurance.
Read More

Redwood Shrugs Off Widening Spreads on Non-Agency Jumbo MBS, Posts Huge Profit

May 3, 2013
Brandon Ivey
Redwood hits an earnings home run in the first quarter. Widening spreads a concern? Hardly.
Read More

Loan Origination Systems a Hot Commodity

May 3, 2013
Thomas Ressler
With mortgage bankers earning a ton of money the past two years, more firms are considering buying a new loan origination system.
Read More

Democrats Laud Watt’s Nomination to FHFA, Continue ‘Dump DeMarco’ Demands

May 2, 2013
Charles Wisniowski
Despite the nomination of Rep. Mel Watt (D-NC) to head FHFA, certain Democrats want Acting Director Edward DeMarco fired. Now.
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IMA Finds Buyer for $12.7B of MSRs, Floats Another Large Package

May 2, 2013
Paul Muolo
The bulk servicing market is showing signs of heating up: IMA has two deals totaling $23 billion in the works.
Read More

California Nonbank Skyline May Double Originations This Year

May 2, 2013
Paul Muolo
Skyline Home Loans, a shop controlled by industry veteran Bill Dallas, could double loan originations this year. Roughly 35 percent of its fundings entail purchase money loans.
Read More
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Latest Imf News

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