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What We’re Hearing: The Never Ending Ocwen Story / Moody’s Downgrades Ocwen / No HQ Sale for Freddie Mac / Will the CFPB Buy the Fannie Property? / Now, Why Does Fannie Mae Need an Attorney with NYSE Knowledge?

August 29, 2014
Paul Muolo
Where will Fannie Mae ultimately windup? The early betting is the Washington waterfront near Nationals Park…
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SEC Revamps Requirements for Rating Services, Due Diligence Firms

August 28, 2014
Brandon Ivey
Due diligence providers that work on MBS and ABS also will have to provide certifications to the rating services which will be disclosed on each rating issued.
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New HMDA Disclosures Will be a Fair Lending ‘Game Changer’ for Originators

August 28, 2014
Brandon Ivey
The comment period on the CFPB’s proposed rule closes Oct. 22, and lenders won’t be subject to the proposed new reporting requirements until 2016.
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Fannie Mae Will Sell Headquarters in Washington. But What’s The Land Worth?

August 28, 2014
Paul Muolo
Back in the 1980s, when Fannie Mae was losing $1 million a day, it contemplated selling the property and came up with a value of $10 million to $15 million. Today, it's worth much more than that.
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Fannie Mae and Freddie Mac Continue to Lose MBS Market Share

August 28, 2014
John Bancroft
Since the collapse of the non-agency market back in 2008, Fannie and Freddie have generally accounted for over 70 percent of new MBS production.
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Short Takes: Maybe Freddie Mac Will Sell its HQ Too? / A GSE in Montana? / Ocwen Executive Selling Shares / About Those Private MBS Placements… / Benmosche Stepping Down from AIG

August 28, 2014
Brandon Ivey and Paul Muolo
But if Fannie and Freddie sell their headquarter properties, shouldn’t they move to a low cost state like Wyoming or Montana? I
Read More

Colorado Lender Sees Mortgage Volume Devastated When All of Its Loan Officers Quit

August 28, 2014
Paul Muolo
It's highly unusual that an entire staff of loan officers would leave on their own accord all at once, especially in a tough origination market.
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CFPB Answers Industry Questions on RESPA/TILA Disclosures

August 27, 2014
Thomas Ressler
Some lenders asked the CFPB if creditors are required to provide revised loan estimates on the same business day that a consumer or LO requests a rate lock.
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Moody’s, Urban Institute Want Changes to FHFA’s MI Eligibility Rules

August 27, 2014
Charles Wisniowski
In early July, the FHFA unveiled the new MI eligibility standards, which propose – for the first time – risk-based capital rules that are tied to a measurement called “available assets.”
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SEC Rule Mandates 3-Day Waiting Period for Non-Agency MBS Issuance

August 27, 2014
Brandon Ivey
However, non-agency MBS issuers won a slight concession on the matter: the SEC had initially proposed a five-day waiting period.
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Latest Imf News

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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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