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Short Takes: Special Servicers Beat Banks on Distressed Mortgages… / One Caveat Though / Looser Mortgage Credit? Hah! / Northrim Closes M&A Deal / Former Freddie Official Lands at StoneHill

December 2, 2014
Paul Muolo and Thomas Ressler
A new poll from IMFnews and Inside Mortgage Finance suggests that lenders are hardly optimistic that the R&W changes will amount to anything.
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The Key Factor in 3Q Mortgage Results: Weak Servicing Income

December 1, 2014
John Bancroft
The three biggest servicers in the group – Wells Fargo, JPMorgan Chase and Bank of America – all reported significant declines in servicing income.
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Mortgage Industry Braces for Nonbank Capital ‘Standards’ From State Regulators

December 1, 2014
Paul Muolo
Mortgage bankers are concerned about what the CSBS is up to and how binding its recommendations will be.
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Goldman’s New Jumbo Deal: 8.35 Percent Credit Enhancement

December 1, 2014
Brandon Ivey
The deal marked a shift for EverBank – the bank typically retains its jumbo ARM originations in portfolio.
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Ocwen’s Consent Order with the NYDFS Expires Dec. 5; Then What?

December 1, 2014
Paul Muolo
The original consent order was dated Dec. 5, 2012, establishing the compliance monitor and more.
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Fannie, Freddie MBS Volume Down 50 Percent Year-over-Year

December 1, 2014
Charles Wisniowski
On a year-to-date basis, GSE refi securitizations were down 68.6 percent at the end of October.
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Short Takes: Asset-Based Mortgage Lending Returns / ‘Fix and Flip’ Market Slowing? / CALCAP Opens Phoenix Office / Ocwen’s Share Price Falls at the Opening / Two Harbors Likes CRE

December 1, 2014
Brandon Ivey and Paul Muolo
According to figures recently compiled by RealtyTrac, 26,947 single family homes were flipped nationwide in the third quarter.
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FHFA COO Acquitted of Charges He Threatened Former FHFA Director

November 26, 2014
The case against the Federal Housing Finance Agency’s chief operating officer ended last week after a Washington, DC, Superior Court judge found Richard Hornsby not guilty of making violent threats against former FHFA Acting Director Edward DeMarco.Judge Juliet McKenna acquitted Hornsby of two misdemeanor charges of attempted threats to do bodily harm to DeMarco.
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Enterprise Endnotes

November 26, 2014
Fannie, Freddie Conforming Loan Limits Mostly Unchanged for 2015. The Federal Housing Finance Agency this week said that conforming loan limits for Fannie Mae and Freddie Mac in 2015 would remain at current levels in most markets. For much of the country, the conforming loan limit for one-unit properties will remain at $417,000. The loan limits are established under the terms of the Housing and Economic Recovery Act of 2008 and are calculated each year.
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Lenders Urge Feds to Restore 100 Percent Risk-Weighting for MSRs, More

November 25, 2014
George Brooks
Banks may be forced to sell mortgage servicing rights in bulk or on a flow basis if Basel III doesn't go their way.
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