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Short Takes: Prediction on FHA Insurance Premiums / Nonbank Servicer Grows / Donovan to Talk Housing / Outlook for Interest Rates

April 18, 2014
Brandon Ivey
The FHA's mortgage insurance premiums could be set to decline at the end of FY 2015.
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Mortgage Production Slumped at Major Banks in First Quarter

April 17, 2014
John Bancroft
Originations by six major banks in the first quarter of 2014 fell by 27.9 percent compared with the previous quarter.
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Loss of Preemption Splinters Mortgage Joint Venture Industry

April 17, 2014
Thomas Ressler
The Dodd-Frank Act prompted major changes for mortgage joint ventures, with some firms striking out on their own and others sticking with the smaller market.
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Trade Groups Continue to Push HUD to Revise FHA’s High-Cost Loan Limits

April 17, 2014
Brandon Ivey
The MBA and others want documentation from HUD detailing the recent reduction to FHA loan limits in certain high-cost areas.
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Judge Denies S&P Motion to Split DOJ MBS Fraud Case, Allows Discovery

April 17, 2014
Charles Wisniowski
Judge in the DOJ's case against Standard & Poor's handed the rating service a mixed ruling.
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Short Takes: No Adverse Impact from State Servicing Laws / National MI Lives Up to Its Name / Assurant Acquires StreetLinks / Credit Score Trends

April 17, 2014
Brandon Ivey
Market fundamentals appear to have blunted the expected impact of Homeowner Bill of Rights laws enacted by three states in 2013.
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NY DFS Probe of Nonbank Servicers Has Frozen Servicing Sales

April 17, 2014
Brandon Ivey
The investigation by the New York Department of Financial Services of nonbank servicers including Nationstar Mortgage and Ocwen Financial has put a halt to servicing sales.
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Purchase-Mortgage Volume Sank in Early 2014

April 16, 2014
John Bancroft
Purchase mortgages securitized by Fannie, Freddie and Ginnie in the first quarter of 2014 were down by 76.3 percent compared with the first quarter of 2013.
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BofA’s Mortgage Settlements Lead to Loss in First Quarter, Originations Decline

April 16, 2014
Brandon Ivey
BofA's mortgage-related settlements led to a loss for the lender in the first quarter of 2014.
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SHORT TAKES: U.S. Bank's Originations Drop / Purchase-Mortgage Applications Remain Down / Servicing Up for Bid / CFPB Forum on Mortgage Closings / Foreclosure Rescue Scams

April 16, 2014
Brandon Ivey and Thomas Ressler
U.S. Bank's mortgage originations in the first quarter of 2014 declined by 71.2 percent compared with the first quarter of 2013.
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Latest Imf News

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Featured Data

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