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Industry to Senate Committee: You Want to Charge Us For What?

December 7, 2014
George Brooks
The provision, expected to raise $30 million for FHA quality assurance efforts, would allow the Department of Housing and Urban Development to charge a fee of no more than 4 basis points.
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Modest Sequential Increase in Jumbo Production for 3Q

December 7, 2014
Brandon Ivey
However, through the first nine months of 2014, jumbo originations haven’t been able to keep up with the strong pace set last year.
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Issuance of Agency MBS Tumbled in November as Purchase Activity Slowed

December 5, 2014
John Bancroft
All three agencies saw double-digit declines in new production, but Fannie Mae experienced the the biggest decline.
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Appraisal Management Companies and AVMs Set to Face More Scrutiny

December 5, 2014
Thomas Ressler
The pending AMC and AVM rules are designed to protect against the manipulation of data and much more.
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Private MIs on Front-End Risk Transfers: Bring it On

December 5, 2014
George Brooks
Mortgage insurers are interested in moving forward with a year-old MBA proposal for a risk-sharing program that would allow deeper MI coverage on loans with high loan-to-value ratios.
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With Money to Burn, Treasury Increases Incentive Payments for HAMP Borrowers

December 5, 2014
Brandon Ivey
Under the changes, the amount of relocation assistance available for short sales and deeds-in-lieu more than tripled to $10,000.
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What We’re Hearing: National Lender Gives Up Profits for Volume? / Too Many Buyers and Not Enough Sellers? / A Hot Topic of Conversation: Nonbank Capital Standards / Another REIT Spin-off?

December 5, 2014
Paul Muolo
Is there anything wrong with conducting a mortgage sale? Of course not, but by giving up profits...
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Refi Originations Came on Surprisingly Strong in 3Q14; Quicken Getting Closer to Wells

December 4, 2014
John Bancroft
The top refi lender through the first nine months of 2014 was Wells Fargo with $38.56 billion, but Quicken wasn’t too far behind at $32.48 billion.
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Mortgage LO Overtime Pay Hangs in the Balance as Supreme Court Hears Arguments

December 4, 2014
Thomas Ressler
The MBA’s legal counsel tried to begin by focusing on the dividing line between interpretative rules and legislative rules, but soon found herself having to defend the trade group’s support for the DOL’s original 2006 position.
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Ocwen’s Expiring Consent Order with the NYDFS Will Remain in Effect

December 4, 2014
Paul Muolo
The original CO established an on-site compliance monitor at Ocwen, one of the nation’s largest servicers of delinquent loans.
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