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Ranieri, Goodman Laud FHFA’s Plan for ‘Single Security,’ But Urge Agency to Arrive at the Goal Sooner

September 12, 2014
Charles Wisniowski
Ranieri and Goodman are worried that the creation of a single GSE security could morph into a drawn out and multi-year process.
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MI Firms Aren’t the Only Ones That Want Changes to FHFA ‘Eligibility’ Rules

September 12, 2014
George Brooks
As written, the proposed rules from the FHFA could cause mortgage insurance premiums to spike.
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What We're Hearing: A Mortgage M&A (Mini) Tidal Wave? / A Vendor Shakeup as Well? / 34 LOS Vendors? / It’s Hard Breaking Into Subservicing / Walter, the Best of the Three / The CFPB Wasn’t Even There!

September 12, 2014
Paul Muolo
The days of the megabanks – Wells Fargo, JPMorgan Chase and Bank of America – buying mortgage companies (of any size) are over. Never again. Right?...
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How Much Capital is Enough for a Nonbank?

September 11, 2014
Thomas Ressler
Capital standards for nonbank mortgage firms is inevitable. But what should the requirement be?
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NAFCU Warns that a G-Fee Hike May Force CUs to Use FHA More

September 11, 2014
Charles Wisniowski
“If g-fee increases were being used to build up enterprise reserves, instead of being swept under the Treasury agreement, we would be more open to such increases,” said the CHLA.
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2Q Jumbo Production Had Better Growth Than Overall Market

September 11, 2014
John Bancroft
Lenders financed $11.9 billion of conforming-jumbo mortgages – loans greater than $417,000 – through Fannie, Freddie and the FHA during the second quarter.
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Industry Vet Willie Newman Establishes New Platform, Agrees to Buy $1 Billion-Plus Lender

September 11, 2014
Paul Muolo
“Our intention is to be a top tier lender,” said Newman.
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Ocwen Tells Analysts that MSR Transfers Will Be Much Lower

September 11, 2014
Paul Muolo
it appears the halcyon days of legacy MSR sales are over. Or so Ocwen is telling Wall Street.
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Short Takes: Altisource Unveils Broker Launch / If You Had Bought MGIC Stock Two Years Ago… / UGI and Other MIs Offer Rescission Relief / The ‘Jumbo Three’

September 11, 2014
Paul Muolo
Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors.
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Banks Increased Holdings of Residential MBS in 2Q, Thrifts See a Reduction

September 10, 2014
John Bancroft
Although the Federal Reserve has tapered its agency MBS purchases significantly, the central bank continued to grow its holdings during the second quarter.
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